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The Power Of Asia

June 23, 2011

The Power Of Asia: http://www.bbc.co.uk/news/business-13710859

http://www.bbc.co.uk/news/world-asia-pacific-13777439

Rare earth metals have become some of the world's most valued resources.
They are found in almost every car, gadget and household.
After the US stopped the excavation of rare earth materials China now has a monopoly on its production.

http://www.bbc.co.uk/news/business-13802453

China, along with other emerging countries, is the great hope for global economic growth.

The developed economies, bruised and aching, are pulling themselves slowly back to their feet after the Great Recession.

As Western consumers and governments struggle to get on top of their debts, they are not going to be the source of booming demand for goods and services they were in the last decade.

China by contrast slowed down a bit in the recession and then rapidly got back to something like full speed.
From 2007 to 2011 China accounted for as much of global economic growth as the G7 leading industrial countries combined.

http://www.bbc.co.uk/news/world-asia-pacific-13693495


A maritime arms race is under way in the South China Sea. Beijing is rapidly developing a host of military capabilities that will enable it to project power well beyond its own shores.
It is already the dominant regional naval power and many of its new systems could one day threaten US naval dominance as well.
No wonder then that so many of its neighbours are worried; particularly those like Vietnam and the Philippines who are engaged in long-running maritime disputes with Beijing.
According to Dr Andrew Erickson, a China expert at the US Naval War College: "China does not want to start a war, but rather seeks to wield its growing military might to 'win without fighting' by deterring actions that it views as detrimental to its core national interests."

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