Thursday, 8 November 2012
China Pick New Leader
The contrast could hardly be greater with Americans voting in their millions while the Chinese process of selection takes place behind closed doors by a handful of people.
Being the largest foreign holder of U.S. debt, China seems to have manoeuvred itself into a good place, a decent reminder of the IOU's America has written the Chinese to the tune of $1.2 trillion is an amazing way to focus American minds when the temptation is to push the Asians a bit too roughly.
A favourite tactic of the West, not with China but with anyone we deem outside of the Western family, is to tell them how they should be like us, democratic, free and a guardian of human rights although the last point is highly debatable and not a point that is lost on the incoming Chinese President who described those attempting to meddle in Chinese affairs as: 'some foreigners who have eaten their fill and have nothing better to do then point their fingers at our affairs. China does not, first, spread revolution; second, export poverty and hunger; or third, cause trouble for you. What else is there to say?'
Little is known about Jinping but in a World tour earlier this year he stressed Beijing's desire for steady relations and to 'overcome obstacles that have long stood in the way of Sino-U.S. strategic mutual trust and impeded deeper cooperation' which sounds positive.
China will grow, it will become the economic power and a superpower alongside America who i suspect will try to re-run the Cold War with China in the place of the Soviets but while China holds onto those IOU's, America is in a weak position and it will be interesting to see if America are still be calling the shots on the World stage when Jinping hands over power in a decades time. I think they will be facing some very stiff competition from a country who does things very differently to them.