Skip to main content

China: Britain and the West are living in the past.

Dominic Raab, Joe Biden and the EU are all proposing that we continue and even increase trade with China.  They all talk of constructive engagement giving the West influence over the Chinese.

This approach might have appeared reasonable twenty years ago but today it is absurd.  China has the highest GDP in the world (in PPP terms*) and dominates global trade.  China is the number one trading power in the world with 13.45% of global exports, followed by the US at 8.98% (See China Power).

Shanghai

China is a mercantilist power that trades at a surplus with almost all of its trading partners and is hence a risk to all of our economies.  Its mercantilism has allowed it to amass three trillion dollars of foreign exchange reserves.  These reserves make it immune from threats of sanctions or the discontinuance of trade.  The West cannot threaten China but if the West gets ever more closely entangled in trade with China then China can threaten the West.

China has already shown that it is willing to exercise its commercial clout.  It threatened Australia with trade sanctions for merely asking for an investigation of the origins of COVID19 and when the Australians resisted it imposed sanctions.  It even bullied the EU into amending reports on COVID19.  It is claiming vast tracts of land and sea in SE Asia and is receiving only token opposition.

I have regularly visited China for the past 20 years and have been absolutely astonished by its growth.  When US, UK and EU politicians talk about China they are not talking about the China that I have seen but about some fantasy country based on images from 30 years ago.  In 1990 China was a regional power that would think twice before attacking even weakened neighbours such as Vietnam.  In 2021 it is possibly the world's leading conventional military power and is rapidly becoming a nuclear superpower with the objective of rivalling the USA.  It is certainly the world's leading economic power and far richer than the official data suggests.

It is China's money and tactics that give it real power now.   China invests its trillions of surplus using offshore companies in the Cayman and Virgin Islands.  (See How much of the world is owned by China).  This makes its investments opaque.  China has enough cash to give it control of all of the West's mainstream media and no-one would realise that China had this control.  It produces the parts for almost every type of communications device and computer used in the West and has a law that compels China's manufacturers to provide means by which the Chinese security services can hack into them.  Our politicians and journalists seem never to have heard of the undetectable "hardware trojans" that manufacturers can easily introduce into any integrated circuit. (See We need to talk about China).

China is the greatest threat to Western democracy in history.  The Third Reich was an equal of any one of the UK (a superpower at the time), the USA or Russia but now China is rapidly becoming an equal power with the entire West.  If China wins then human civilisation will be under the yoke of tyranny for a millennium (See Why China is a Pariah State).  

We may already be too late to stop China.  We would be stupid beyond measure to continue the present policies of freely trading with China, accepting their investments and educating their spies by the hundred thousand.  If you think this article is extreme then you, like our out of date politicians, have not grasped the sheer level of the threat.

* PPP = Purchase Power Parity: it is a measure of the purchasing power of the average person in China.  It allows for the fact that countries like China keep their exchange rate with the dollar artificially low.

See
 
 
 
 
Also see
 
 
 
17/3/2021

Comments

Post a Comment

Popular posts from this blog

Practical Idealism by Richard Nicolaus Coudenhove-Kalergi

Coudenhove-Kalergi was a pioneer of European integration. He was the founder and President for 49 years of the Paneuropean Union. His parents were Heinrich von Coudenhove-Kalergi, an Austro-Hungarian diplomat, and Mitsuko Aoyama, the daughter of an oil merchant, antiques-dealer, and huge landowner family in Tokyo. His "Pan-Europa" was published in 1923 and contained a membership form for the Pan-Europa movement. Coudenhove-Kalergi's movement held its first Congress in Vienna in 1926. In 1927 the French Prime Minister, Aristide Briand was elected honorary president.  Personalities attending included: Albert Einstein, Thomas Mann and Sigmund Freud. Figures who later became central to founding the EU, such as Konrad Adenauer became members . His basic idea was that democracy was a transitional stage that leads to rule by a new aristocracy that is largely taken from the Jewish "master race" (Kalergi's terminology). His movement was reviled by Hitler and H
1 comment
Read more

The Falklands have always been Argentine - Las Malvinas son Argentinas

"The Falklands have always been Argentine" is taught to every Argentine child as a matter of faith.  What was Argentina during the time when it "always" possessed Las Malvinas?  In this article I will trace the history of Argentina in the context of its physical and political relationship with "Las Malvinas", the Falkland Islands.  The Argentine claim to the Falkland Islands dates from a brief episode in 1831-32 so it is like Canada claiming the USA despite two centuries of separate development. This might sound like ancient history but Argentina has gone to war for this ancient claim so the following article is well worth reading. For a summary of the legal case see: Las Malvinas: The Legal Case Argentina traces its origins to Spanish South America when it was part of the Viceroyalty of the Rio del Plata.  The Falklands lay off the Viceroyalty of Peru, controlled by the Captain General of Chile.  In 1810 the Falklands were far from the geographical b
35 comments
Read more

Membership of the EU: pros and cons

5th December 2013, update May 2016 Nigel Lawson, ex-Chancellor of the Exchequer,  recently criticised the UK membership of the EU , the media has covered his mainstream view as if he is a bad boy starting a fight in the school playground, but is he right about the EU? What has changed that makes EU membership a burning issue?  What has changed is that the 19 countries of the Eurozone are now seeking political union to escape their financial problems.   Seven further EU countries have signed up to join the Euro but the British and Danish have opted out.  The EU is rapidly becoming two blocks - the 26 and Britain and Denmark.   Lawson's fear was that if Britain stays in the EU it will be isolated and dominated by a Eurozone bloc that uses "unified representation of the euro area" , so acting like a single country which controls 90% of the vote in the EU with no vetoes available to the UK in most decisions.  The full plans for Eurozone political union ( EMU Stage
15 comments
Read more