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We are talking about the US' 'relative' decline, Mr Blinken

  
Via:  Buzz of the Orient  •  4 years ago  •  7 comments

By:   By Chen Weihua

We are talking about the US' 'relative' decline, Mr Blinken
Many experts say the Biden administration's reluctance to lift the tariffs imposed by the Donald Trump administration on Chinese exports, while aimed at hurting China, is in fact harming the domestic economy.

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We are talking about the US' 'relative' decline, Mr Blinken

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It's no secret that US politicians like to use inflammatory rhetoric against China in their effort to fulfill their domestic agendas given the bipartisan support for anti-China policies and the huge partisan divide on virtually every other issue. That's exactly what US Secretary of State Antony Blinken did when he spoke on the renewed prioritization of foreign policy in domestic politics at the University of Maryland on Monday.

When Blinken mentioned China's huge investment in infrastructure and innovation, he wasn't praising China but fear-mongering that China wants to take over the United States.

Blinken quoted US President Joe Biden that "it's never a good bet to bet against America-never has been, never will be". He said "it's no secret to any of us that the Chinese and Russian governments, among others, are making the argument in public and in private that the United States is in decline, so it's better to cast your lot with their authoritarian visions for the world than with our democratic one".

These are baseless accusations and, needless to say, Blinken cannot provide evidence to prove what he said is true.

What is true and what Blinken failed to say is a recent Ipsos survey in which 55 percent of the American respondents said their country is in decline. Another Ipsos survey released on July 29, too, showed that 55 percent of Americans think things in their country are heading in the wrong direction. So, rather than the Chinese or Russians, it's the majority of Americans' feelings that Blinken described.

The talks about the US' decline I have heard in China, Europe and elsewhere have mostly been about the US' relative decline. Which is true because the US' share of global GDP (in terms of purchasing power parity) was 21 percent in 1980, 20 percent in 2000 and 16 percent in 2020. And it will be less than 15 percent according to Aaron O'Neill, a researcher at Statista.

The fact that Blinken admitted that China is fast catching up with the US in economy, infrastructure and innovation is an acknowledgement of the US' relative decline. It is not just about China, but also about the rise of India, Russia, Indonesia, Brazil and Mexico, which will all be among the top 10 world economies in terms of GDP(PPP) by 2050, according to a PricewaterhouseCoopers report.

Most economists agree that China's economy will exceed the US' in the coming decade or so, although the International Monetary Fund said in 2014 that the Chinese economy was already bigger than the US' in terms of GDP (PPP).

With a population of 1.4 billion, China will still be far behind the US and many other rich countries in per capita GDP terms and other development criteria. That is true for the other emerging economies as well.

US politicians such as Blinken should welcome the achievements China and other emerging economies have made in narrowing the GDP gap with the developed world.

But what we see instead is US officials and lawmakers adopting all sorts of bullying tactics to undermine China's development, especially in the field of technology including in the solar energy sector that is critical to mitigating the effects of climate change.

Many experts say the Biden administration's reluctance to lift the tariffs imposed by the Donald Trump administration on Chinese exports, while aimed at hurting China, is in fact harming the domestic economy. No wonder on Aug 5 more than 30 US business groups, from retailers, and chip makers to farmers wrote a joint letter to US Trade Representative Katherine Tai and Treasury Secretary Janet Yellen and demanded that the tariffs be scrapped because they were harming the interests of US workers.

China is not betting on the US' absolute decline nor does it aspire to replace the US, so the US should not bet on halting China's rise in the hope that that would slow down its inevitable relative decline.

The author is chief of China Daily EU Bureau based in Brussels.

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Buzz of the Orient
Professor Expert
1  seeder  Buzz of the Orient    4 years ago

America's continuing to impose the "Tonya Harding" method in attempting to slow or contain China's progress is really having little effect, and IMO is simply boomeranging and harming Americans much worse.

 
 
 
Buzz of the Orient
Professor Expert
2  seeder  Buzz of the Orient    4 years ago

Although I don't expect any comments anyway, I'm going to sleep now so this seed is locked and will be unlocked for civil comments in around 9 hours from now.

 
 
 
Buzz of the Orient
Professor Expert
3  seeder  Buzz of the Orient    4 years ago

As promised, unlocked for civil comments (with the knowledge that such would be a task for some on this site).

 
 
 
bbl-1
Professor Quiet
4  bbl-1    4 years ago

Nah.  America's decline is instigated by Supply Side Economics, conservative geopolitical actions and the infiltration of religious dogma into it's governance.

 
 
 
Nerm_L
Professor Expert
5  Nerm_L    4 years ago

As the United States declines, the world will begin scapegoating those countries assuming the dominant spot.  The leader is always blamed, that's how it works.  Chinese dominance will be coupled with being the world's scapegoat; that's inevitable.

The rest of the world will be expecting Chinese dominance to benefit the rest of the world.  That's the burden the United States has born since the end of World War II.  If China wants to assume that dominant role then China is welcome to it.  The United States is in decline so some other country will need to fill that vacuum.

 
 
 
Buzz of the Orient
Professor Expert
6  seeder  Buzz of the Orient    4 years ago

Locked for the (my) night - unlocked again in about 9 or 10 hours from now.

 
 
 
Buzz of the Orient
Professor Expert
7  seeder  Buzz of the Orient    4 years ago

Unlocked for civil comments.

 
 

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