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Home >> Opinion
UPDATED: 10:29, June 26, 2007
China's development means an opportunity for U.S.
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Debates, with the China topic as themes, have been turned increasingly heated in the United States in the first half of the year. One faction in these debates attrobutes the initial ��decline�� of the United States to the rise of China, which has become a threat of the further development of the U.S. How demagogic such views are as they have really gone too far indeed.

To date, the United States remains the solely ��superpower�� globally. In term of military spending alone, its military expenditure for the fiscal year 2006 almost equaled the total for the rest of the countries worldwide. But it is also true that it national strength is not as mighty as it used to be. Since it was bogged down in the quagmire of the prolonged Iraq war, Iraq has become the second ��Viet Nam�� of the United States. The failure with its occupation of Iraq, acknowledged the Guardian newspaper in UK in an article on December 8, 2006, indicated the limitation of the US national strength. Unilateralism pursued by the Bush Administration, however, has not only resulted in disasters or catastrophes for Iraq but quickened the decline of the U.S. itself.

The In-depth manifestations of the US ��decline�� are: the status of American economy ebbs in world economy, the overall economy of the European Union (EU) equals that of the U.S., the strong euro has weakened the monopolistic position of the US dollar on the global financial market, and its huge international payment deficit has turned itself as the world's biggest debtor.

The US'status has also declined in Europe remarkably. Since its dispatch of troops to Iraq, contradictions between the U.S and Europe has exacerbated, and their rift has not yet been truly patched up. At the recent G8 summit held on June 26-27 in Germany, the United States was subjected to queries and criticisms, and even British Prime Minister Tony Blair, a very close ally of US President George W. Bush, sided with Germany. The U.S.'s European allies are no longer little partners or ��little brothers�� who had been ready to take orders from the U.S. in all circumtances.

Nowadays, aome Americans have, nevertheless, turned to China as a ��scapegoat�� without much careful thoughts to examine or introspect genuine reasons for the decline of their nation. ��China threat theories�� of all additions have surfaced out one after another, citing China whose military expenditure makes up only 9.3 percent of that of the U.S. as a ��military threat�� to the United States and Asia, referring to China which has a per-capita GDP of merely 2,000 dollars as an ��economic threat�� to the U.S. and Europe, and terming China which has emitted carbon dioxide accounting for only 33 percent of that emitted by all the Organization of Economic and Cooperation and Developed (OECD) nations as a global ��environmental threat��, and ascribing the cause of the US trade deficit to the excessive-low exchange rate of Renminbi (RMB) and urging the marked revaluation of RMB, Are all these things really true?

More and more Americans of insight, including US Treasury Secretary Henry Paulson, have come to see China's economic development offers an opportunity for the U.S. Indeed, without China'great efforts, American consumers could not have saved some 600 billion US dollars over the past decade, the inflation rate and costs for salaries in the U.S. would rise and then the United States would have lost millions of jobs and reduced its global competitive edge and gigantic opportunities for investment in China, In such cases, America firms would have lot a wealth of orders from China and the U.S. would lose millions of job opportunities. Furthermore, without China's cooperation, there would be no such a hopeful option for resolving the Korean Peninsula nuclear crisis as one existent today, and it is rather hard for many common challenge now facing all humankind to be resolved.

The fundamental reason for the ��decline�� of the U.S. is that the nation has lagged behind in its national strategic thinking. So it should discard its cold war mentality and ideological concept bias, rescind its outmoded cold war strategy of containing China and Russia, bidding farewell to its power politics, unilateralism and hegemony, etc. to cope with the trend of times of peace, development and the democratization of international relations; it should partake in global affairs with an equal capacity and actively aid the developing nations and spur north-south cooperation, and pitch in building a new, harmonious world along with all other nations around the globe. Such a nation is sure to be commended by other countries around the world, and such a nation, instead of breaking down by indulging in wars of aggression and craving in military exploits, will be a leading booming, thriving world power with much normal development.

By People's Daily Online and its author is Shen Jiru, a noted researcher with the Institute of World Economics & Politics under the Chinese Academy of Social Sciences

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