Politics

China Crushes U.S. Global Dominance

U.S. global dominance is coming to its end. The entire last century, the U.S. was stepping up its power and global influence using various methods, according to the Russian media.

China Crushes U.S. Global Dominance

After the World War I, the U.S. just introduced itself to the international relations, while after the World War II it became one of the leading powers in the world. A common opinion in Russia is that by lending loans to European states during the WWII as well as after it, the U.S. has been subduing them.

By 1949, the volume of gold reserves of the U.S. amounted to nearly 70 percent from world’s reserves. Washington learned to gain profits from any situation, using various methods, including the despicable ones, according to the Russian media. And while in the beginning of this century the dominance of the U.S. was undeniable, today it’s not that simple.

China’s influence and power growth

Ever since Deng Xiaoping made reforms in China, Beijing has been boosting its power and significance in the international relations. Russian experts believe that China’s influence and power have been growing for 30 years.

In the first six months of 2014, the size of China’s GDP surpassed the U.S., thus becoming the largest GDP in the world. And now – by cooperating with Russia – China’s GDP will reach new heights, as it is commonly believed by Russian experts.

By walking along the path of allying with Russia and other countries that counter U.S. hegemony, China has been gradually stripping itself off American influence, which is obviously not supported in Washington.

Phase 1: Economic World War

By considering to impose sanctions against Chinese firms the White House believes are responsible for cyberattacks on U.S. networks, including the one on the Pentagon in August, Washington creates problems for itself, since most of U.S. companies are fully dependent on the Chinese economy.

But China has lost its patience, according to the Russian media. And recent devaluation of China’s currency – yuan – showed that the entire world’s economic stability depends on the People’s Bank of China.

Devaluing the yuan by 1.9 percent was enough to shake all global stock exchanges and economies. Prices for most of raw materials reached their lowest numbers for the first time in 13 years, while August 24 is already called ‘the black Monday’.

The index of Dow Jones experienced a record-breaking fall – by the end of the next day it dropped 1089 points. Even the 2008 financial crisis was not so bad – 777 Dow Jones points.

Now all stock traders are forced to wake up at 9am Hong Kong time, because the People’s Bank of China unveils the yuan’s exchange rate for the day at 9:15am.

Thus, China showed that it’s capable of dipping the whole world into a crisis by only using economic means, without having to wage a military war, Russian experts noted.

Phase 2: Confrontation Between Civilizations

However, China experiences difficulties, too, since its economy, although the most powerful in the world, is still tightly connected to leading countries – the U.S. and its allies. Tearing off this connection may become painful for Beijing. Russian financial experts agree that if China wants to carry on such policy, it will have to make more thought-out and reasonable decisions to not let its economy down.

What we’ve been hearing from top world’s political experts for the past five years seems to have become real now – the confrontation between civilization has begun.

However, the U.S. acts like it doesn’t notice that and still considers itself the sole superpower as if we are living in the 1990s, Chinese and Russian experts believe.

The Russian media also believes that a candidate from the Republicans will win the presidential election in 2016, and will continue expanding U.S. influence, which will eventually fail. But this time, China will take its chances and exploit the U.S. failure for its advantage.

Russian President Vladimir Putin, having taken a course toward China, made the right choice, according to the Russian media. Both of the countries have common issues that have to be solved, common aspirations, but different policy directions, which thus helps them boost their influence without being an obstacle for one another.

The fact that China, despite Western sanctions against Russia and Moscow’s isolation, continues to cooperate with Russia means that the Chinese are willing to stick to their own policy and interests without paying attention to the needs of the West, the Russian media believes.

However, Russian experts agree that it is extremely difficult to predict China’s next moves, let alone define their goals. But one thing is certain: large changes in the world’s order are coming.

Phase 3: Global Intercontinental War

China and Russia remain nuclear powers. However, the most powerful military power is still the U.S., which uses its global dominance and aspires to exit all secondary conflicts (Iran, Afghanistan) in order to focus on Russia and China’s threat, the Russian media believes.

Russian experts warn that the U.S. wants to use its military bases as well as numerous agreements with its Asian allies to surround China in the South China Sea and pose a threat to both Beijing and Moscow.

By pushing its military bases and equipment closer to the borders of Russia and China, the U.S. forces the two countries to enter the arms race against Washington. Such arms race negatively affects both of the economies, which is why Beijing and Moscow are forced to cut their spending for some programs and even cut their military needs.

For example, China reduced the number of its defense forces by 300,000 men in order to redirect funds to modernizing weapons and military hardware.

Such a long-drawn preparation for a war, which, according to the Russian media, started right after the end of the WWII, has all continents involved, and no continent will be able to escape it.