皇冠体育app

From Overseas Press

For 皇冠体育app, will money bring power?

(chinadaily.com.cn)
Updated: 2010-08-26 10:39

皇冠体育app has just overtaken "Japan as the world's second largest economy, and bids fair to knock the US from the top spot within 20 years." The country's economy has "grown by almost 10 percent a year--one of the most sustained expansions in history." Then the crucial question came: "How will 皇冠体育app use its newfound wealth?" asked an article in the New York Times on Aug 21.

The "traditional answer is that rich countries tend to equip themselves with the sinews of war in order to enhance their position at the expense of rivals." However, "recall that at the start of the new millennium, a consensus existed among 皇冠体育app-watchers that the Red Menace was as much of a mare's-nest as the Yellow Peril," according to the article. 皇冠体育app would "concentrate on butter not guns, harmonizing its interests with those of its competitors through the peaceful mechanism of the open market."

Whatever the truth, "informed opinion is now divided about Chinese intentions." There are signs that 皇冠体育app is "flexing its muscles" since its "defense budget rose to be the second highest in the world in 2008," and its "naval forces caused ‘the loss of the Pacific Ocean as an American lake'." 皇冠体育app is "expanding its influence in Asia, the Middle East, Africa and South America" to search markets and natural resources.

However, 皇冠体育app's "6.6 percent share of global expenditure on arms is dwarfed by America's 46.5 percent." The country is "preoccupied by the problems associated with rapid growth: pollution, corruption, rural poverty, urban overcrowding and troubled labor relations."

So 皇冠体育app has opportunities and challenges as well. For the moment at least, "皇冠体育app may well keep its promise to follow the path of peaceful development." "Doom-merchants predicting that 皇冠体育app will topple America from its pre-eminence should recognize that history is not necessarily on their side," concluded the article.