Gordon Chang "China on the Edge"
China's warship challenges US Navy.
From Kai Chen:
I attended Gordon Chang's speech on China last night. I concur with his point that China is indeed on edge of lashing out/collapse. Something big is happening both in the Chinese regime's power circle and in the Chinese military. The recent aggressive behavior on the part of Chinese military signals a desperate and very shaky political situation in China.
China has never been a nation state. China has always been a despotic dynasty. Today's China is a "communist party dynasty". It does not respect borders. Its territories expands and contracts according to the power strength from the central government. It views surrounding countries not as neighbors, but as subjects of the emperors. Its military owns loyalty not to the state, but to particular persons in the power structure. With the communist party dynasty's last gasps to survive, most likely it will lash out at the neighboring countries and the US, as the signs manifested recently.
China's economy is faltering with only 1-2 % real growth rate (the regime brags about 7-8%). The banks are in the mode of defaulting. The regional governments in the provinces are splitting. The Xi's position in the recent trasition is very shaky to say the least. The military's hard-liners such as General Liu Yazhou is ascending via threatening rhetoric toward the US and Japan and the neighboring countries. With Obama's appeasement policies in the world toward tyrannies, we are approching the situation before WWII. Brace yourself for a perfect storm.
Gordon Guthrie Chang (Chinese: 章家敦; pinyin: Zhāng Jiādūn) is a lawyer, author, and television pundit, best known for his book The Coming Collapse of China (2001), in which he argued that the hidden non-performing loans of the "Big Four" Chinese State banks would likely bring down China's financial system and its communist government and China would collapse in 2006. In Nuclear Showdown: North Korea Takes On the World (2006), Chang suggests that North Korea is most likely to target Japan, not South Korea. Chang suggests that North Korean nuclear ambitions could be forestalled if there was concerted multi-national diplomacy, with some "limits to patience" backed up by threat of an all-out Korean war.
Gordon Chang continues to maintain that China is on the brink of collapse and that the people are one step away from revolution. He also argues that China is a "new dot-com bubble", adding that the rapid growth by China is not supported by various internal factors such as decrease in population growth as well as slowing retail sales. In a separate interview, he remarked that China achieved its 149.2% of its current trade surplus with the United States through "lying, cheating and stealing" and that if China decided to realize its threat that had been expressed since August 2007 to sell its US Treasurys, it would actually hurt its own economy which is reliant on exports to the United States; the economy of the United States would be hurt by a sell off of Treasurys, causing the United States to buy less from China, which would in turn hurt the Chinese economy.