Look at the present scenario: China is a thorn in the US side in its global diplomacy policy of being the key play maker, even in the Asia Pacific region.
China’s economic might is fuelling its military and political ambitions and it is no secret it wants to dominate, at least in Asia.
OECD published a report that China will race ahead of the US economy in the coming three years and become the world’s No. 1 economy by 2020. China has dominated manufacturing these past few years and now, with its focus on high tech products, it will gain further momentum.
Its per capita income has grown tremendously in recent years, estimated at around 4 9100 and growing. However, the IMF projections show that US economy will be 60% ahead of China in the coming years.
In balance, China is growing faster, has an abundance of cash reserves and trade surpluses with almost all nations, has a strong manufacturing base and a large workforce with a strong political leadership and stable government, despite dissensions.
World Bank figures show GDP at 9240 billion, growth rate at 7.3%, GNP at over 566130 CNY and balance of trade at 60600 million USD. China’s military might is also growing.
It has 2333000 active personnel and 2300000 reserve military personnel. It has a nigh number of tanks, rocket systems and artillery power. Its air craft number 2860, helicopters 1066 and fixed wing attack aircraft 1311.
China has a naval strength of 673 vessels, 1 air craft carrier, 25 destroyers and 67 submarines. The country’s defense budget is $ 145,000,000,000. Its oil production is 4372000 bbl/day with plenty in reserve, sufficient to meet its war effort should it come to that.
Figures on one side, it is also worth taking a look at the Chinese mindset. Since centuries, the Chinese mindset is focused on becoming the world’s dominant player. It is common knowledge that the Chinese say one thing, mean one thing and think another. Honour has a different meaning.
The strategy to becoming number is not just through military might but also economically and politically as can be seen by the way Chinese are at the back of many businesses and support governments in its power play.
They will bide their time but eventually, with the present economic might and high growth, go on to put all such strategies into play even more forcefully but not quite as blatantly as the US.