According to the United Nations, the six billionth human was born on October 12, 1999. Secretary-General Kofi Annan, held up the baby that set this phenomenal record.
Did you know however, that China is the most populated nation on earth with 1.3 billion people? One out of every five people living on earth lives in China; this amounts to one-fourth of the world’s population.
In 1979 China began a policy of one child per couple to limit the growth of its’ population. China has a cultural tradition of preference for sons, like most East Asian countries. Preferential treatment for males is a part of the Confucian value system. Sons, not daughters, are responsible for parents in illness and old age. They like early marriage, early childbearing, and large families. In 2005 China had more than 32 million excess males under the age of twenty years and over 11 million excess male births.
Most of the population is agrarian. A considerable portion is illiterate, semiliterate and impoverished. The per capita cultivated land of China is one-eight that of the United States.
On the other hand however, China’s star has risen. In a book called, “China and the Credit Crisis,” the author Giles Chance said this. “Policy-makers in the west, especially the US, have failed to appreciate the so-called “China effect” on the workings of the global economy, and hence, misjudged their policy responses….the credit crisis has now created a tipping point for global power to shift from the West to the East, thus changing the world order in fundamental ways not seen since the end of the Cold War.”
China has some serious internal problems such as natural resources-like water, oil, gas, aluminum and steel. Water is the main one. The government’s internal need for internal stability in the face of economic and population growth poses an increasing liability to the government in power. When checking out the water situation, we learned that water and waste pollution is the single most serious problem in China. Fresh water is a scarce resource in China; it ranks 88th in fresh water per capita, with 2800 billion cubic meters of fresh water. The country’s water resources are among the lowest in the world per capita.
In the rural areas of China only one in three has safe drinking water. In the industrial parts of China you will find China uses 7-15 times more water to produce one unit of GDP than developed economies.
When President Obama visited China, the two most powerful economies faced different scenarios. Hopefully, our country is slowly recovering from a financial meltdown on Wall Street. China seems to be handling the downturn with ease and appearing to be leading the world out of recession. With just two years left before the end of the first decade of the 21st century, there seems to be clear signs of a new world economic order.
The American National Debt is growing faster than any other world nation, it currently stands at $2.7 trillion to foreign and private investors; this equates to 20% of our GDP. Debt is power and China has a lot of power over us. It is believed that Chinese funding was used to meet a significant cost of the Iraq War-many politicians should remember the war- and work together to fix this problems at hand.
At one time the United States accounted for over half of the world’s manufacturing capacity and held most of the world’s gold. President Richard Nixon suspended the dollar’s link to gold in his administration, with the subsequent deregulation of global financial markets allowing cross-border movements of funds.
Beijing has $2 trillion in reserves. Michael Power- a Strategist from Investec Asset Management, (who began his career as an intern at Chase Manhattan) noted-“We are only beginning to grasp the enormity and historical significance of what has happened.”
On Wednesday, Reuters News reported this:
“Investec Asset Management thinks in terms of three emerging market categories: “locomotives,” “coal trucks” and “passenger cars.”
“The locomotives, driving economic growth, are China and India as well as the United States and Europe, although the latter are currently out of steam.”
The United States and China have an increased trade relationship between both countries.
The United States is a technological and innovative people.