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A recent study found that over three-quarters of Southeast Asians believe China is the most important economic power—with the U.S. coming in at a distant second.
The ISEAS-Yusof Ishak Institute survey, released on Wednesday, showed that many of those polled expressed concerns about China’s growing economic influence. The survey found that 64.4 percent feared Beijing’s growing influence, while 35.6 percent saw the growth as a good thing.
We reported that while America spent countless trillions waging and losing endless wars and enriching its military-industrial complex, China has spent its trillions advancing the nation’s businesses and building its 21st-century infrastructure.
And while America and Europe have outsourced their manufacturing to China and developing nations to increase profit margins, China’s dual circulation/self-sustaining economic model is directed toward keeping jobs and trade and profits within the nation, thus relying less on global trade.
TRENDPOST: The Trends Journal has reported extensively on China and its economic growth. (See “TOP TRENDS 2021: THE RISE OF CHINA.”) As we have often noted, the 20th century was the American century, the 2st century will be the Chinese century. The business of America is war, the business of China is business.