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Page added on October 13, 2013
China Calls for World to Be ‘De-Americanised’
China’s official news agency has called for the creation of a “de-Americanised world”, saying the destinies of people should not be left in the hands of a hypocritical nation with a dysfunctional government.
Heaping criticism and caustic ridicule on Washington, the Xinhua news agency called the US a civilian slayer, prisoner torturer and meddler in others’ affairs, and said the ‘Pax Americana’ was a failure on all fronts.
The official news agency of China, which is seen as the pretender to the world’s superpower crown, then rubbed in more salt, calling American economic pre-eminence just a seeming dominance.
“As US politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanised world,” the editorial said.
It asks why the self-declared protector of the world is sowing mayhem in the financial markets by failing to resolve political differences over key economic policy.
“… the cyclical stagnation in Washington for a viable bipartisan solution over a federal budget and an approval for raising debt ceiling has again left many nations’ tremendous dollar assets in jeopardy and the international community highly agonised,” the agency said.
It is not the first time Chinese leadership and newspapers have criticised Washington over a policy paralysis that threatens to devalue its dollar assets.
According to US Treasury Department data, China is the biggest foreign owner of US Treasuries at $1.28 trillion as of July. Besides, China also holds close to $3.5 trillion of dollar-denominated assets.
A US debt default and consequent credit downgrade would significantly erode the value of China’s holdings.
As the first step in creating a de-Americanised world, all nations must try to shape an international system that respects the sovereignty of all nations and ensures the US keeps out of the domestic affairs of others, Xinhua said.
“The developing and emerging market economies need to have more say in major international financial institutions including the World Bank and the International Monetary Fund, so that they could better reflect the transformations of the global economic and political landscape,” the editorial says.
It also called for an end to the use of the US dollar as the international reserve currency, a step that would ensure the international community could maintain a safe distance from the side-effects of domestic political turmoil in the United States.
10 Comments on "China Calls for World to Be ‘De-Americanised’"
Ghung on Sun, 13th Oct 2013 9:05 pm
Setting aside love of country and the delusion of American exceptionalism,, the gist of the article sounds about right. One wonders what happens to the Chinese economy as the value of $1.28 trillion in US Treasuries, and $3.5 trillion of dollar-denominated assets they hold, goes poof.
是哪个汉语成语的英译 (May you live in interesting times).
LT on Sun, 13th Oct 2013 9:16 pm
The Chinese people have never elected the Chinese communist Party (the CCP) to represent them and China. Therefore, the author should have pointed his finger to the CCP instead of China to show a respect to the Chinese people who have been marginalized by their own communist government.
I don’t see American billioneirs fleeing the US and seek refuge in China, not yet, but I do see wealthy Chinese fleeing the mainland and seek refuge in America.
rollin on Sun, 13th Oct 2013 10:15 pm
Ah, the kettle is getting nervous so it’s calling the pot black.
China is going to be the one to lead the less developed countries forward? Most likely forward to being suppliers of materials and food for them, slave satellites.
Maybe China should set an example of de-Americanizing by not using any American technology they bought or took for their industrial base.
J-Gav on Sun, 13th Oct 2013 10:17 pm
Well, in case nobody’s noticed, it’s already happening. Different trade groups getting together to skirt the dollar. A wide-spread understanding of North American hypocrisy when it comes to ‘democracy,’ ‘free markets,’ etc. Everybody knows this system is rigged to the gills to benefit the oligarchs.
And while it’s true that North American (+ UK) plutocrats are not the only ones to benefit from it… they are the ones who set it up. It’s comin’ down. What comes after is not likely to be cute and cuddly. No single ‘other’ is in any position to take over the role of hegemon in today’s world. That’s just as well since one thing we really don’t need is some new “top dog.” Whether the so-called ‘transition’ can proceed smoothly is an open question, I guess … Someone like World Bank whistle-blower Karen Hudes, in a recent RT interview, says she thinks it can, despite the fact she recognizes that basically everything at the highest levels is presently corrupt. Not sure I’m quite so optimistic but, as we say where I live – “Qui vivra verra” (whoever manages to survive will find out).
Arthur on Sun, 13th Oct 2013 11:41 pm
China is reading the signs of the times and starts to challenge the self-appointed hegemon, no surprises. China is probably prepared to sacrifice most of its dollar assets if in return it can torpedo the dollar as the global reserve currency. These 4 trillion dollar assets ‘merely’ represent 6 months worth of Chinese GDP, not the end of the world.
In fact there is not much to disagree with the statements from China, apart from the idea that China will be the pretender for the hegemon crown, not going to happen. What IS going to happen though is that the US will become ‘just another great power’. But it is unlikely that the current elite will accept that message voluntarily and drop the exceptionalism article of faith. Something is going to happen in the US in the near future. Expect intense diplomatic consultations between Russian, German and French politicians to begin soon.
BillT on Mon, 14th Oct 2013 12:55 am
Arthur, why do you keep thinking that Germany and France count anymore? Both are in it as deep as the US if not farther. Both are losing the economic game along with the rest of the EU, UK and US (and Japan).
The US will soon be nothing more than a ‘Nazi’ country. A police state that is in the 3rd world. But the EU will not be much better. How is your police state coming? Any new ‘surveillance cameras in your neighborhood? When do the riots start? 40%+ youth unemployment is the recipe for trouble of the deadly kind and typical in the EU.
China is already a major power. Every major city in the world has a ‘Chinatown’. Every major corporation has Chinese engineers and management. Every continent has major Chinese investments. They count for more than armies. China knows it is safe from all but a suicidal power and can take care of itself. Ditto for Russia with it’s nukes and natural resource abundance.
China may not be a ‘Democracy’, but that is a positive in today’s world. look at the condition of the so called ‘democracies’ today and tell me if it is working. Nor does socialism work because that too requires constant growth, and constant growth is over.
Yes, we are going back to a variation on the feudal system, eventually. That is, IF we survive climate change. Some may make it into that new world, but not many. Certainly not me. But the ride has been fun. ^_^
Solarity on Mon, 14th Oct 2013 4:56 am
Why is “the self-declared protector of the world sowing mayhem?”
Bankruptcy advisors explain that borrowing to pay operational expense is a vicious downward spiral into oblivion. The best policy is to fail early while a chance of recovery remains viable.
In other words, the sooner the system collapses, the quicker things get better, if they can.
Politically, collapse has time constaints. The deepest nadir is targeted for early to mid 2016. That way the doofus potus and his doofocratic cronies will be eradicated.
Arthur on Mon, 14th Oct 2013 9:25 am
“Arthur, why do you keep thinking that Germany and France count anymore?”
Last time I checked, Germany and France constitute the backbone of the EU, an organized single currency area and biggest and most advanced economy in the world:
EU 18T (500m)
US 15T (330m)
China 7T (1300m)
Japan 4T (150m)
Russia 2T (140m)
When the US dollar loses reserve currency status and we assume that the wealth generating capability of a European and American are roughly the same (a generous assumption considering the pace with which the US is descending into third world status), it follows that real US GDP will shrink to ca. (33/50)*18T = 12T. And if the US will fall apart (3 days of EBT failure, for instance after a government default, will be enough to turn every US city into a Katrina New Orleans, initiating an irreversible process of segregation and secession). A Euro-American rump state would be able to generate (18/50)*18T = 6.5T. Whatever is going to happen, as long as the EU manages to stay together, and I see no sign why it would fall apart, it is going to dominate the rest by a street length, like in the 4 centuries before 1939. This is not Euro-chauvinism, but back-of-an-envelope calculation.
America was able to defeat and dominate Europe after 1945, because America was the largest collection of Europeans within a single tax farm and had allied itself with the second largest collection of whites, Soviet Russia, against it’s mother civilization, where British and French fools were still busy preventing Germany from becoming the largest state in Europe and failed to notice that two new kids had arrived on the block. but that is all history, now the EU is by far the largest collection of Europeans within a single organized entity and by definition they are going to dominate, based on numbers.
“Both are losing the economic game along with the rest of the EU, UK and US (and Japan).”
Losing? To whom? China? Russia? Don’t make me laugh. China can’t even produce a car, let alone a plane. All they do is deliver cheap work force, but with almost zero innovation. Europe and America are going to remain the only innovative forces on this planet.
“The US will soon be nothing more than a ‘Nazi’ country. A police state that is in the 3rd world.”
Americans always tend to use ‘Nazi’ as a smear word. Even the US internet underground like Ron Paul, Alex Jones and PCR (with Buchanan as the notable exception) use that term for anything they don’t like. Nazis were about race where America is exactly the opposite: a racial communist country, which is the reason why eventually the US will fall apart and relatively homogeneous countries like China, Russia and Japan will not. What you mean to say is that the US could turn into the next USSR.
“How is your police state coming? Any new ‘surveillance cameras in your neighborhood?”
Maybe in Britain, but not in continental Europe. The per capita prison population in the US is about 10 times as high as here (mainly due to the ‘blessings of diversity’). Here in Europe an over-sensitive humanitarianism is prevalent, carried by the Marxist 1968 generation, now in charge. No torture dungeons, airport genital groping or threats of martial law here.
“When do the riots start?”
The sooner the better.
“Every major city in the world has a ‘Chinatown’.”
Not in Europe. We are blessed with Muslim towns/areas (France, Belgium, Britain, Holland and Scandinavia, that is the Protestant countries, like the US). Eastern Europe is white.
“Every continent has major Chinese investments.”
I would estimate that western investment in China is larger than the other way around. But after a default and following clean slate this will be all wiped out against each other.
“China knows it is safe from all but a suicidal power and can take care of itself.”
Yes, the West is suicidal because it is dominated by the wrong group for a century now. But just like Dracula could not stand the daylight, this group will not survive as a political force because of the internet.
“China may not be a ‘Democracy’, but that is a positive in today’s world.”
The great thing about America is it’s Constitution, not it’s non-existing democracy, where the System will generate two faces to choose from, when after the election bodies like the CFR will continue rule. Europe is slightly better because there it is still possible for grass roots initiatives (usually from the right) to break into the system and get a share of the pie. And apart from Britain and France, there is no direct Zionist influence here, other than by proxy via Washington. This enabled Germany and France to say no against the Iraq adventure, resulting in being called names (‘cheese eating surrender monkeys’.lol) but not much more. The nationalist Marine le Pen will likely be the next French president and this traditional Gaullist French politician will initiate the turn towards Moscow, she already announced as much in the past.
“Yes, we are going back to a variation on the feudal system, eventually.”
Nah, that would happen only if the number of virtual energy slaves would drop below a very low point. I am not so pessimistic about that.
BillT on Mon, 14th Oct 2013 11:38 am
Dream on Arthur…dream on. You greatly underestimate China … to your eventual detriment.
Arthur on Mon, 14th Oct 2013 11:49 am
Not at all, I keep advocating an alliance between the (post Bretton Woods) US, EU and Russia to contain China (not to start another cold war).