Tuesday, November 07, 2006

Analysis

China's marvellous economic growth in recent ten years is brought about by China's reunificatin with Hongkong. Emergence of lots of technocrats who had studied in America. China's changed economic policy, state-led capitalism. China's change is from inner part but the stimuli from outside was indispensable. The role of South Korea, Taiwan, Japan was also unignorable.

America's decline is never likely to occur. Japan will be heading for America, China will be heading for America. Japan might take sides with China in the future, but at that time China and America would be one of the strongest allies one another. Japan will play a subordinate role of both China and America.

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