Streams

China v. the U.S.: The Contest of the Century

Friday, February 28, 2014

After decades of rising, China has entered a new and important phase where it seeks to turn its economic heft into global power. Geoff Dyer, the former Financial Times Beijing bureau chief, argues that China and the United States are now embarking on a great powerstyle competition that will dominate the century. In The Contest of the Century, Dyer explains how China will struggle to unseat the United States.

Guests:

Geoff Dyer

The Morning Brief

Enter your email address and we’ll send you our top 5 stories every day, plus breaking news and weather.

Comments [6]

tom from astoria

Joe Mirsky-- Wow! That's some quote. That 1899 quote is right on the mark: From Buffalo, Detroit to Athens we are all suffering from China's dominance of the world labor market. Thanks to our own corporate decision-makers, the day has come that the"labor market of the world will suffer a terrible blow."

Feb. 28 2014 12:32 PM
tom from astoria

As a child of the 20th Century I know how important are massive job creators like huge manufacturing facilities. Will historians some day look back and say American companies gave away the future by giving to China huge industrial job sectors -- and the technology that goes with it. Short sighted saving on labor and regulations led to the gigantic transfer of power from America to China.

Feb. 28 2014 12:19 PM
Joe Mirsky from Pompton Lakes, NJ

Made in China
“Mr. John P. Young, managing editor of the San Francisco Chronicle, who has had close observation of California's Chinese residents for thirty years, thinks that the commercial future to which the plunderers of China are looking forward may not prove so rosy as they anticipate. Indeed, he predicts that China's population of 400,000,000, when awakened and introduced to Western civilization, instead of clamoring for European and American products, will begin to produce these articles themselves, not for their own use, but for us. and at such ruinous prices that the labor market of the world will suffer a terrible blow. “
— The literary Digest, Dec. 23, 1899

Feb. 28 2014 12:13 PM
jgarbuz from Queens

I don't see why there has to be a "competition." While the Roman and Chinese empires existed on opposite sides of the world, and barely knew of each others' existence, they influenced each other indirectly. There were complaints about trade imbalances with the East:

Pliny the Elder wrote about the large value of the trade between Rome and Eastern countries:[29]

"By the lowest reckoning, India, Seres [people of the land where silk comes from] and the Arabian peninsula take from our Empire 100 millions of sesterces every year. That is how much our luxuries and women cost us."

—Pliny the Elder, Natural History 12.84.[30]

Feb. 28 2014 12:06 PM
John A

Please explain: is China overextending itself financially by selling too cheaply (known as 'dumping') to the US.

Feb. 28 2014 10:57 AM
Ed from Larchmont

Christianity is growing fast in China, lets see if it can eventually influence their foreign policy.

Feb. 28 2014 07:58 AM

Leave a Comment

Email addresses are required but never displayed.