Realities behind the TransPacific Partnership

By John Ross
0 Comment(s)Print E-mail China.org.cn, November 18, 2011
Adjust font size:

Outlying party [By Jiao Haiyang/China.org.cn]

Outlying party [By Jiao Haiyang/China.org.cn] 



Many Chinese analysts noted that the intention of the TransPacific Partnership (TPP), put forward at the recent APEC summit by the US administration, is to attempt to squeeze China out of the main discussions on Asian trade agreements. Western analysts agreed. David Pilling Asia editor of the Financial Times, noted: 'Beijing might be forgiven for thinking that TPP looks like a club to which it has not been invited…. The rules are made in America.' The TPP fits with US administration policy towards China shown in establishing US military bases in Australia and involvement in the South China Sea.

The thinking behind such polices in 'neo-con' circles in the US is dangerous for the world. Fundamentally it attempts to achieve something which is objectively impossible – that in the 21st century the US can continue to be the world's largest and most powerful economy. This illusion dominates Republican presidential candidates and in president Obama's statements that 'leadership' must be by the US.

It does not seem to occur to those with these concepts that other countries wish neither to 'follow' the US nor any other country. China's central concept of a 'win-win' relationship more corresponds to the wishes of the world's majority than US 'leader-follower' views. But given the latter concept the political and economic aspects of a US policy which Hillary Clinton recently termed 'America's Pacific century' must be considered.

That the US will not retain its position as the world's largest economy during the 21st century is dictated by simple arithmetic. The US's population is slightly over 300 million. China's population is 1.3 billion and India's 1.2 billion – both four times as large as the US. The demand that the US maintain a position as the world's largest economy is therefore simply a requirement that China and India should never achieve even one quarter of the US's GDP per capita, that is of its living standard. Clearly neither China nor India will ever accept such a proposition – nor, in the interests of human justice, should they.

This economic fact determines the course of the next decades of 21st century. It is the framework within which specific issues such as the TPP, and the creation of a Pacific market, must be placed. Its reality already determines economic trends in the region.

China's annual economic growth is now more rapid than the US not only in percentage but in dollar terms. In 2010 the US economy expanded by $538 billion and China's by $887 billion. India's percentage growth rate is higher than the US and its annual dollar expansion, $348 billion in 2010, will soon begin to rival the US.

This economic growth translates into trade realities. In annualized terms US imports are still $120 billion below their pre-financial crisis peak while China's imports are $470 billion above. Pacific and other countries therefore have far more to gain from China's economy than the US in market growth and expanding export opportunities. This gap will increase.

The TPP attempts to reorient trade discussion in the Pacific away from the most dynamic market, China, to the less dynamic one of the US by setting terms which exclude China. It therefore formulates policy not in terms of the region's economic needs but of the narrower interests of the US administration. This, together with other political and military moves, is why Chinese and Western analysts had little difficulty in understanding the TPP as an anti-China policy and not one objectively in the interests of all countries.

1   2   Next  


Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 国产精品毛片无遮挡高清| 日韩一区二区三| 影音先锋男人看片资源| 亚1州区2区三区4区产品| 狼群影院www| 又粗又长又爽又大硬又黄| 韩国福利视频一区二区| 国产精品成人免费综合| 99在线视频网站| 性做久久久久免费看| 久久久久国产精品免费免费搜索| 欧美一级三级在线观看| 亚洲理论电影在线观看| 精品久久一区二区| 四虎影库久免费视频| 野花视频www高清| 国产成人精品福利网站人| **aaaa**毛片在线播放| 在线观看一级毛片免费| www成人免费视频| 成人黄软件网18免费下载成人黄18免费视频 | 国产福利萌白酱喷水视频铁牛 | 伊人久久大香线蕉综合影院首页 | 欧美不卡在线视频| 亚洲欧美成aⅴ人在线观看| 男人激烈吮乳吃奶视频免费| 十九岁日本电影免费完整版观看| 色黄网站成年女人色毛片| 在车里被撞了八次高c| 一级做a爰片性色毛片男 | 国产男女猛视频在线观看网站| 91精品免费看| 在线观看www日本免费网站| www.夜夜操.com| 巨肉黄暴辣文高h文奶汁| 中文字幕在线观看第二页| 日本精品视频在线观看| 久久综合久久精品| 最近最好的中文字幕2019免费 | 一级**毛片毛片毛片毛片在线看| 成人黄软件网18免费下载成人黄18免费视频 |