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"No one can be ignorant that the centre of gravity of the world has moved to Beijing," Mr Chavez told China's president and Communist Party leader Hu Jintao on Wednesday during his sixth visit to the capital.
"During the financial crisis, China's actions have been highly positive for the world. Currently, China is the biggest motor driving the world amidst this crisis of international capitalism." Mr Chavez's comments developed a theme he had begun earlier in the week.
On Tuesday night he told reporters: "The unipolar world has collapsed. The power of the US empire has collapsed.
Originally posted by Frankidealist35
No, China isn't coming close to beating us.
Also, there are several articles on how China manipulates its currency (just like us, lol), so, they're not better than us, if anything they would be only artificially better than us.
And, I don't think China is a better alternative...
Pentagon preps for economic warfare
In the end, there was sobering news for the United States – the savviest economic warrior proved to be China, a growing economic power that strengthened its position the most over the course of the war-game.
The United States remained the world’s largest economy but significantly degraded its standing in a series of financial skirmishes with Russia, participants said.
The war game demonstrated that in post-Sept. 11 world, the Pentagon is thinking about a wide range of threats to America’s position in the world, including some that could come far from the battlefield.
And it’s hardly science fiction. China recently shook the value of the dollar in global currency markets merely by questioning whether the recession put China’s $1 trillion in U.S. government bond holdings at risk – forcing President Barack Obama to issue a hasty defense of the dollar.