Violet Oboe
Junior Member
Please guys get your figures right!
Chinas economy is measured in current exchange rates 2.5 times bigger than Russia´s (1.8 trn $ vs 740.7 bn $ in ´05) and in purchasing power (8.182 trn $ vs 1.539 trn $ in ´05) 5.3 times. Bringing China´s 1 trn $ currency exchange reserves and her giant trade volume of expectedly 1.7 trn $ in ´06 into the picture illustrates instructively that China plays in another league economically. Additionally the comparison of generally inflated soviet figures of the 80´s are quite misleading since the USSR produced only weapons and raw materiel (oil, gas, ore) which could be sold for $ on the world market whereas China produces today a myriad of products valued adequately by the world markets.
Of course China would act prematurely if entering a full blown arms race with the US in the next years but one should not underestimate China´s main strength: China has built up a industrial behemoth of unprecedented scale in the last ten years. China can employ a modern steel industry with a output level of 480 million tons (US can produce currently 100 million tons a p.a. maximum) a year if challenged by an aggressor and consequently steel will raining down on them in form of shells, rockets, missiles and other munitions. Although the US is superior in high tech China can put the economics of scale to good use and fully mobilized China´s industry (heavy, light, chemical and electronics) will churn out enourmous amounts of weapons.
China is stronger than some ignorant people think but some important gaps in technology have to be closed in the coming ten years and chinese industry must not only extend quantitative dominance but must also excel in quality. Accepting the geopolitical challenge of the US is the only way for eventual success for China since strategic capitulation would cost future generations of chinese dearly. :coffee:
Chinas economy is measured in current exchange rates 2.5 times bigger than Russia´s (1.8 trn $ vs 740.7 bn $ in ´05) and in purchasing power (8.182 trn $ vs 1.539 trn $ in ´05) 5.3 times. Bringing China´s 1 trn $ currency exchange reserves and her giant trade volume of expectedly 1.7 trn $ in ´06 into the picture illustrates instructively that China plays in another league economically. Additionally the comparison of generally inflated soviet figures of the 80´s are quite misleading since the USSR produced only weapons and raw materiel (oil, gas, ore) which could be sold for $ on the world market whereas China produces today a myriad of products valued adequately by the world markets.
Of course China would act prematurely if entering a full blown arms race with the US in the next years but one should not underestimate China´s main strength: China has built up a industrial behemoth of unprecedented scale in the last ten years. China can employ a modern steel industry with a output level of 480 million tons (US can produce currently 100 million tons a p.a. maximum) a year if challenged by an aggressor and consequently steel will raining down on them in form of shells, rockets, missiles and other munitions. Although the US is superior in high tech China can put the economics of scale to good use and fully mobilized China´s industry (heavy, light, chemical and electronics) will churn out enourmous amounts of weapons.
China is stronger than some ignorant people think but some important gaps in technology have to be closed in the coming ten years and chinese industry must not only extend quantitative dominance but must also excel in quality. Accepting the geopolitical challenge of the US is the only way for eventual success for China since strategic capitulation would cost future generations of chinese dearly. :coffee: