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Thomas Barnett recommends US never go to war with China (2)

20:07, June 13, 2010

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US News & World Reports describes Thomas Barnett as "one of the leading strategic thinkers of our time." Barnett has seen and understood the world from his roles of senior advisor to the US Secretary of Defense, Chief of Staff, Central Command, Special Operations, and led the five-year NewRulesSet.Project for the U.S. military. He is the author of two books that have been profoundly influential: The Pentagon's New Map: War and Peace in the 21st Century and Blueprint for Action: A Future Worth Creating. Barnett's comments were posted on his website, http://www.thomaspmbarnett.com/globlogization/2010/6/2/whats-good-for-china-is-good-for-globalization.html, in response to an article in the Financial Times on May 24, 2010, http://www.ft.com/cms/s/0/de337ab6-66ca-11df-aeb1-00144feab49a.html.

The Financial Times article titled "The way to increase America's exports to China" was published as the second round of the Strategic and Economic Dialogues began by Dr. Huo Jianguo, president of the Chinese Academy of International Trade and Economic Cooperation, a subsidiary of China's Ministry of Commerce, and John Milligan-Whyte, chairman of the Center for America China Partnership. Barnett quoted five paragraphs from the article stating that they are a "nice summary of China's thinking regarding our bilateral economic relationship" and "an excellent and hard-to-refute summary argument." These are those paragraphs:

"America is used to having it all its own way. In 1972, as the US opened diplomatic relations with China, it abandoned pegging the dollar to gold. That enabled it – through its monopoly on printing US dollars – to create huge trade and investment advantages. Its economy grew strongly as it managed the value of its currency at the expense of other nations.

Washington has not always fully acknowledged that from 2000, the year China joined the World Trade Organization, to 2008 the US dollar declined against many currencies, while from 2005 to 2008 Beijing gradually increased the US dollar exchange rate of the renminbi by 21 per cent.

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The articles in this column represent the author's views only. They do not represent opinions of People's Daily or People's Daily Online.

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John Milligan-Whyte and Dai Min are the executive producers and co-hosts of the Collaboration of Civilizations television series adapted by the eight books they wrote in the America-China Partnership Book Series published in English and Mandarin in 2009-2010. They founded the America-China Partnership Foundation and Forum in 2008 and the Center for America-China Partnership in 2005. E-mail: [email protected]