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The trade deficit in the US widened to USD 50.5 billion in November of 2017 from an upwardly revised USD 48.9 billion in October. It is the biggest trade gap since January of 2012 as imports reached a record high on rising demand for consumer goods, cell phones, crude oil and semiconductors. Exports recovered form October's fall and touched a record value on higher sales of capital goods, aircraft and cars. Balance of Trade in the United States averaged -14032.83 USD Million from 1950 until 2017, reaching an all time high of 1946 USD Million in June of 1975 and...

Comparative Economies: This just in from the International Monetary Fund: China could pass the United States as the world's largest economy as early as 2016. With all due respect, the IMF has it wrong again. A new IMF report blithely forecasts that the "Age of America" will end as the U.S. economy is overtaken by China. And on the surface, it's tough to argue the point. Officially, China's GDP is growing at 10% while ours is expanding at about 3%. At those rates, China's economy doubles every seven years, America's about every 24. But such forecasts are based on a...

Beijing plans for national greatness. IT SEEMS LIKE ONLY A few months ago that commentators were blithely babbling about how much relations between Beijing and Washington had improved since the start of the Bush administration, which was marred by China's downing of an American EP-3 surveillance plane and the detention of its crew. The conventional wisdom was that the war on terrorism had united the United States and China against a common enemy. This rosy scenario is, unfortunately, being undermined almost daily by Beijing's actions. Consider what the Chinese Communist leadership has done just in the past year: It passed an...

China's drive to be an imperialist nation started in 1949, when it has occupied by force Tibet and Eastern Turkistan. Later, after a few years, it absorbed Manchuria and Mongolia as gifts from Stalin. However, that has not stopped the appetite of China. In 1962, China invaded India. China occupies about 10 per cent of the State of Jammu and Kashmir. In 1964, China invaded the USSR, in 1979 Vietnam. It has already taken over the Spartley Island, a potentially rich island with petroleum and natural gas, which belongs to Vietnam. Now it is preparing for the invasion of Taiwan....

War Is Not Far from Us and Is the Midwife of the Chinese Century Leading CCP official argues for exterminating U.S. population

A perceptive and engrossing piece from Fareed Zakaria, editor of NEWSWEEK INTERNATIONAL Magazine -- to be read in one sitting! (See below). EXCERPTS: ***Inevitably, the China challenge looms largest for the United States. Historically, when the world's leading power is challenged by a rising one, the two have had a difficult relationship. And while neither side will ever admit it publicly, both China and the United States worry and plan for trouble. To say this is not to assume war or even conflict, but merely to note that there is likely to be tension between the two countries. How both...

May 9 issue - Americans admire beauty, but they are truly dazzled by bigness. Think of the Grand Canyon, the California redwoods, Grand Central Terminal, Disney World, SUVs, the American armed forces, General Electric, the Double Quarter Pounder (With Cheese) and the Venti Latte. Europeans prefer complexity and nuance, the Japanese revere minuteness and minimalism. But Americans like size, preferably supersize.

NEW YORK, May 1 /PRNewswire/ -- China's rise is no longer a prediction. It is a fact, writes Newsweek International Editor Fareed Zakaria in a special report in the current issue of Newsweek. "It is already the world's fastest-growing large economy, and the second largest holder of foreign-exchange reserves, mainly dollars. It has the world's largest army (2.5 million men) and the fourth largest defense budget, which is rising by more than 10 percent annually. Whether or not it takes over the United States economically, which looks to me like a distant prospect, it is the powerful new force on...

WASHINGTON (IPS/GIN) - China is quickly overtaking the United States as the world’s biggest consumer of global resources, energized by a dynamic economy that is growing at a record pace, says a Washington research group. “China is no longer just a developing country. It is an emerging economic superpower, one that is writing economic history,” said Lester Brown, founder of the Earth Policy Institute and author of a new report. “If the last century was the American century, this one looks to be the Chinese century.” The report points to China’s increasing consumption patterns and expanding influence on the U.S....

Zou Shichang, chairman of Grace Semiconductor Mfg Corp., boldly predicted in an interview here that China will become the epicenter of global IC manufacturing by 2010. With a greater emphasis on manufacturing, IC demand in China surged in 2002 to more than $24 billion. Zou said that could be only the tip of the iceberg since China currently supplies only 17.5 percent of its total domestic market demand. That underscores the huge potential growth in China's chip demand. China currently accounts for nearly 10 percent of the world's semiconductor said Zou. "In terms of market, opportunities as well as applications,...

In a second inaugural address tinged with evangelical zeal, George W. Bush declared: "Today, America speaks anew to the peoples of the world." The peoples of the world, however, do not seem to be listening. A new world order is indeed emerging - but its architecture is being drafted in Asia and Europe, at meetings to which Americans have not been invited. Consider Asean Plus Three (APT), which unites the member countries of the Association of Southeast Asia Nations with China, Japan and South Korea. This group has the potential to be the world's largest trade bloc, dwarfing the European...

For decades, the United States was the world's only significant mass market, offering businesses more than enough consumers to buy up ever greater volumes of their merchandise and services. To gain access to these consumers, companies had to operate inside the country. They could do so profitably because they benefited from economies of scale, meaning that each item off an assembly line was less expensive to produce than the one before. The wealth generated, in profits and wages, has made the United States far and away the world's most powerful country for nearly a century. No one else had ever...

'Whether you like it or not, history is on our side," a threatening Nikita Khrushchev warned a group of Western diplomats in Moscow in 1956, adding: "We will bury you." Two events last week should warn us that, although the Soviet Union never succeeded in burying the West, Communist China might. For if history is on anyone's side at the moment, it seems to be moving in favour of Beijing's totalitarian rulers. The astronaut Yang Liwei orbited the Earth 14 times in 21 hours last Wednesday, adding China to the elite club of America and Russia as the only three...