A lot is being written and spoken about the Chinese actions in the globalized world  – buying up dollars in trillions creating a trade imbalance with the US , highest consumer of Gold even beating the Indians , leasing vast tracts of fertile land in Africa to grow crops , a massive glut of petroleum products from wherever they can get , looking at Mongolia and Siberia for a possible migration tract for the Chinese  population , Dreaming of  a Chinese global currency replacing the US Dollar [ a red back ? ] , lapping up all the top awards in Mathematics in International competitions and many more !!

Did Richard Nixon and Henry Kissinger ever dream of this scenario when old Henry made his secret overtures to Chairman Mao in the seventies ? . The spectacular and exponential growth of the Chinese Economy while retaining a totalitarian single party political set up defies the very foundation of democracy practiced  in the US , Europe , Japan and in India .

Gideon Rachman in his well researched book titled ” Zero Sum World ” talks about the US fighting a long drawn out war in Afghanistan and Iraq using a Chinese credit card ! The Chinese are also offering bail out packages to many countries in the Euro Zone !

The Chinese are obviously in a hurry to catch up on lost time and become a world leader in their own terms ! I will not be surprised if they bring in democratic changes in phases to thwart any external attempt to trigger a revolution within China for this purpose !


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