China's Influence Spreads Around World
By WILLIAM FOREMAN (Associated Press Writer)From Associated PressSeptember 01, 2007 3:48 PM EDTKARRATHA, Australia - For nearly three decades, Chinese peasants have left their villages for crowded dormitories and sweaty assembly lines, churning out goods for world markets. Now, China is turning the tables.
Here in the Australian Outback, Shane Padley toils in the scorching heat, 2,000 miles from his home, to build an extension to a liquefied natural gas plant that feeds China's ravenous hunger for energy.
Foreman also writes:
The Chinese don't want war - the Chinese just want to trade their way to power," said David Zweig, a professor at the Hong Kong University of Science and Technology. "In the past, if a state wanted to expand, it had to take territory. You don't need to grab colonies any more. You just need to have competitive goods to trade."
If China stays on the same economic track, it would become the world's largest economy in 2027, surpassing the United States, according to projections by Goldman, Sachs & Co., a Wall Street investment bank. And unlike Japan, which rose in the 1980s only to fade again, China still has a huge pool of workers to tap and an emerging middle class that is just starting to reach critical mass. Many development economists believe China still has 20 years of fairly high growth ahead.
But the transition to a larger presence on the global stage comes with growing pains, for China and the rest of the world."
Looks like the Sci-Fi movie "Rollerball" is getting closer to being labeled a documentary.
When will we wise up and take steps to protect our own citizens and their future?
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