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China: the future great economic power
Related to country: China

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(Taken from Cubadebate


THESE days many cables are talking about China’s economic potential. Yesterday, March 28, it was the turn of the principal U.S. news agency to acknowledge that "China is the only economy growing at a fast clip…

"In his second rebuke of U.S. leadership this past week," the cable continues, and not very amiably, at the end of the paragraph, "the central bank governor, Zhou Xiaochuan, said China's rapid response to the downturn — including a 4 trillion yuan ($586 billion) stimulus package — proved the superiority of its authoritarian, one-party political system."

The AP immediately goes on to textually quote the words of the director of the Chinese Central Bank:

"Facts speak volumes, and demonstrate that compared with other major economies, the Chinese government has taken prompt, decisive and effective policy measures, demonstrating its superior system advantage when it comes to making vital policy decisions," Zhou said in remarks posted on the People's Bank of China's Web site.

"In the approach to the London summit of 20 leading economies (G-20)," the cable adds, "Zhou called on foreign governments to give their finance ministers and central bankers broad authority so that they can ‘act boldly and expeditiously without having to go through a lengthy or even painful approval process.’"

"China has made its agenda clear: It wants a stable U.S. dollar, and has even advocated the creation of another global currency altogether. It is leery of protectionism," AP continues, "and it is demanding a larger say in how financial systems are regulated and rescued, while holding back on any promises for new rescue or stimulus measures of its own.

The last part of the cable reads:

"…Chinese Premier Wen Jiabao has urged the United States to remain ‘a credible nation.’
"In other words, Beijing wants Washington to avoid spurring inflation with excessive government spending on bailouts and stimulus packages."

As can be appreciated, the influence of the People’s Republic of China in the London meeting will be enormous from the economic point of view in the face of the world crisis. That never happened before when the power of the United States totally reigned in that camp.

On the other hand, it is amusing to see the churning of the guts of the empire, full of problems and insuperable contradictions with the peoples of Latin America, which it wishes to dominate eternally.

Anyone reading the statements of the devout Catholic Joe Biden in Viña del Mar, discounting any lifting of the economic blockade of Cuba, and yearning for an internal transition that, in our country, would be frankly counterrevolutionary, is in for a shock. His professional lamentations make one feel sorry for him, especially when there isn’t one Latin American or Caribbean government that doesn’t perceive a burden of the past in that antediluvian measure. What are the underlying ethics in the policy of the United States? How much Christian content is left in the political thinking of Vice President Joe Biden?



Fidel Castro Ruz
March 29, 2009
3:43 p.m.

Translated by Granma International
- Reflections oF Fidel -

March 30, 2009 | 6:36 PM Comments  0 comments

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