Introduction:

     China has climbed from an isolated backward country into one with a growing influence capable of becoming a superpower rivaling the United States.

     In recent years, China has bought, borrowed, or stolen technology, which has catapulted its military capabilities into the modern high-tech arena.  No one can match China for sheer numbers of people, and now it can challenge most of the world in technological achievements.  The Clinton administration blindly sold sensitive technology to China and reportedly received campaign financing in return.

     The human rights abuses have received less attention lately as various foreign leaders flock to pay state visits to the country and give little or no condemnation of China's human rights record.  It seems that it is more important to placate than to demand reform.  In the meanwhile, forced abortions and sterilization continue to be state policy, and political and religious persecution continues unchecked.

     The "red dragon" no longer sleeps.  It is already anticipating a war with the United States in the next decade or so and may one day prove to be a mighty adversary for anyone who gets in the way.

     Just as China has emerged as a mass manufacturer, India is emerging as a giant in services.   Technical and managerial strengths in both China and India are becoming more important that cheap assembly labor. And, their relative strengths are complementary, not competitive.  For example, China has excelled in mass manufacturing, with multi-billion-dollar electronics and heavy industrial plants; India has specialized in software, design, services, and precision industry.  Their efficiency in back-office processing alone is legendary and outsourcing such work is expected to quadruple by 2010 to over $56 billion per year!

     These two emerging giants will transform the entire global economy.  China and India account for one-third of the world’s population. For the past two decades, China has been growing at 9.5% per year, and India at 6% per year.  Both are projected to continue at an annual rate of 7-8% for at least the next ten years. By mid-century, China should overtake the U.S. as #1. Together, China and India could account for almost half of the total global output.

     India’s younger workforce will give it a chance to catch up to China.  Due to its one-child policy, China’s working age population will peak at 1 billion in 2015 and then shrink steadily.  India has nearly 500 million people (twice the population of the U.S.) under the age of 19 and higher fertility rates.  By mid-century, India is expected to have 1.6 billion people, 220 million more workers than China.

The Asian Century February 19, 2008

The Rise of India December 11, 2007

Taiwan Provokes China with UN Bid August 07, 2007

Kings of the East, Part 2 The Rise of India by Chuck Missler

The Centroid Continues Westward: The Kings of the East by Chuck Missler

The Rise of Asia: An Overlooked "King of the East"? by Chuck Missler

Energy Wars: The Coming Crunch by Chuck Missler

What's Really Going On? U.S. - China Relations by Carol Loeffler

From Our Private Modem: Feeding the Dragon? by Chuck Missler

News Sources

NEW! China Quake Left 18,000 Buried in One City - The toll of the dead and missing continues to soar as rescue workers dig through flattened schools and homes in a desperate attempt to find survivors of China's worst earthquake in three decades. The official Xinhua News Agency said the death toll exceeded 12,000 in Sichuan province alone, and 18,645 were still buried in debris in the city of Mianyang, near the epicenter of Monday's massive, 7.9-magnitude quake.

China's Oil Reserve Build-up Adds to Global Demand - China's plans to build its strategic petroleum reserves to at least 100 million barrels by 2010 could add more pressure to crude prices which have already been at record highs. The world's second-largest oil consumer already has built two underground storage reserves in east China and will put into use two more storage bases soon.

China to Increase Military Spending - China announced Tuesday that it will again sharply increase its military spending this year, budgeting a 17.6 percent rise that is roughly equal to last year's increase.

Chinese Spies Arrested - A Defense Department analyst and a former engineer for Boeing were charged Monday in separate spy cases for allegedly handing over US military secrets to the Chinese government. The information stolen included every planned US sale of weapons or other military technology to Taiwan for the next five years as well as information on Boeing's defense contracts and space program.

China's Ambitious Plans in Space - China's lunar orbiter blasted off last month, the first step in an ambitious space program which could ultimately see a Chinese space station orbiting the Earth, a Chinese moon colony and a joint China-Russia explorer on Mars.

Chinese Printer to Celebrate 50 Millionth Bible - Next month, a celebration will be held in Nanjing, China, to celebrate the printing of the Amity Printing Company's 50 millionth Bible. Just over 40 years ago, during the Cultural Revolution, the Bible was banned and all copies were confiscated. But today there are more Bibles than any other book in China — it is now unofficially the best-selling book there. China is believed to have one of the fastest growing Christian populations in the world.

China Builds Military Base in Persian Gulf - If the flow of Middle East oil to China is squeezed, the Chinese economy will come to a grinding halt. Today China imports 32 percent of its oil needs. This need is expected to double by 2012. Of this oil, 58 percent comes from the Middle East - about 2 million barrels a day. It is expected that by 2012 almost 70 percent of all oil imports - about 4 million barrels a day - will come from the Middle East. Hence it is not difficult to understand why China decided to build a naval base in Gwadar in Bulochistan, a Pakistani province, not far from the Straits of Hormuz.

China Hacks Defense Department Computers - Pentagon sources have revealed that the Chinese government successfully hacked several Defense Department computers in June.

China Threatens to Sell Dollar Reserves - The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.

China Trade Surplus Hits Record - China's trade surplus rose to a record $26.9 billion in June, almost double the level it was at last year. The surplus increase is still likely to fuel tensions with the US, which has accused Beijing of having an overly weak currency to boost exports.

Kings of the East - Chuck Missler What are the prophetic implications of the King's of the East and their rise as a world superpower? Click for more information - Audio Cassette

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