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Japanese Media Claim That US Reputation Has Been Hit By &Nbsp In Asia; China'S Rising Power Is Irresistible.

2011/8/4 15:42:00 34

U.S.A

debt

The crisis has caused the reputation of the United States to become a consensus among many experts and the media.

In August 3rd, the Japan Times published an article by Michael Richardson, a visiting senior researcher at the Institute of Southeast Asian Studies in Singapore, who said that the reputation of the United States was once again damaged by the recent debt crisis and China's position in Asia was raised again.

The United States and its major Asian allies, Japan, said

Economics

The relative recession has made many Asian countries realize that the United States and the alliance system led by the United States are no longer as reliable as they used to be.

The unstoppable rise of China shows that it will replace the "polar" power of the United States.

According to the article, in the Asian financial crisis of 1997-1998 years, although Asian countries have learned a lesson from the US policy misstep, the 2008 global finance triggered by "made in the United States".

crisis

It continues to spread to Asia.

The ability and reputation of the United States have been questioned by Asian countries, which has once again raised China's position in Asia.

The article points out that the absurd and irresponsible political farce of the United States on its debt ceiling has further undermined its reputation.

In order to reduce interest payments to China, Japan and other countries, politicians in Washington have come together to debate how to postpone the time limit for raising the US debt limit, which has seriously damaged the financial reputation of the United States, and has also brought uncertainty to the future debt management of the United States.

The article said that China recently passed

Japan

It has become the second largest economy in the world after the United States.

China's growing economic strength has increased investment in China's military modernization projects, and China has successfully achieved a balance between military expenditure, domestic consumption and investment in the productivity needed to promote economic expansion.

Compared with the United States, although the US defense budget is far ahead of China, it will face the dilemma of how to reduce military spending in the future.

While China is concerned about how the US debt dispute slows down the world economy, it also sees the opportunity to pressure the United States to help the US reduce its military footprint in Asia.