The last decade could be characterised by 3 words: ..."Made in China", the next decades it will be :..."Owned by China" (Gerard Lyons, chief economist-Standard Chartered) 50% dari halal food ke Indonesia adalah importan dari China. Australia mengimport buah2an terutama appel, import terbesar asal dari....China...! Ketergantungan banyak negara didunia ini, tanpa ada produk dari China maka dunia akan tambah miskin. July lalu cadangan LN China berjumlah 2 trilyun dollar sekarang mencuat 2.85 trilyun. China adalah kreditor bagi negara2 seperti Junani, Portugal dan Spanyol. Hutang Amerika sebanyak 906 biliun dollar berupa treasury bonds yang dipegang oleh China. Ini pandanganku ...pribadi...apakah dengan "agressi" ekonomi seperti yang dilakukan oleh China saat ini, apakah ini tidak menyalahi dogma-nya Mao Tsetung yang ber-ujar..kira2 begini...."siap dan waspadalah terhadap pelor asal dari imperialis yang dibalut gula".. tapi sekarang bukankah China malahan melayangkan pelor yang dibalut gula?...dengan cara...dumping dengan barang2 murah dan meraih banyak sumber2 produksi (alamiah) negara seperti di Afrika saat ini? Harry Adinegara
> > To see this story with its related links on the guardian.co.uk site, go to >http://www.guardian.co.uk/business/2011/jan/12/era-of-owned-by-china > > The era of 'owned by China' > > Huge foreign reserves give emerging superpower ever tighter grip in business, >finance and poltics > > Tom Bawden and Kevin Shalvey > Wednesday January 12 2011 > The Guardian > > > http://www.guardian.co.uk/business/2011/jan/12/era-of-owned-by-china > > > As China's vice-premier Li Keqiang flies out of Britain today after a > nine-day >shopping trip to Europe, the man tipped to become the emerging superpower's >next >prime minister will likely reflect that the latest phase in his country's >quest >for global dominance is going nicely to plan. > > Li's procurement extravaganza will end with a low-carbon flavour in Watford >today as Vince Cable gives the 150-strong Chinese delegation a tour of a >sustainable housing community. > > This will bring to a close a four-day visit to the UK, on a trip which has > also >taken in Germany and Spain and resulted in more than $20bn (?12.8bn) of orders >for luxury European items, from wine and olive oil to Mercedes cars. > > With the data yesterday showing China's foreign exchange reserves jumped by a >record $199bn in the final three months of 2010 to an all-time high of >$2.85tn, >these shopping excursions are set to become bigger and more frequent. > > There is nothing new in China buying the assets and debts of countries and >companies around the world with the huge foreign currency reserves it >accumulates by producing cheap goods that the rest of the world wants to buy. > > But the speed with which these reserves has grown as China's economic >juggernaut consistently outpaces every other economy is enabling it to exert >an >ever tighter grip on global business, finance and, in turn, politics. > > Gerard Lyons, chief economist and group head of global research at Standard >Chartered, said: "The last decade could be characterised by the three words >'made in China'. In this next decade, it will be 'owned by China'." > > China kicked off its foreign ownership phase about a decade ago when it > started >buying US treasuries, the debt issued by the American government. These >transactions, which involved China exchanging huge amounts of yuan for US >dollars, kept the Chinese currency artificially low, ensuring its exports >remained attractive. > > The value of US treasury bonds owned by China soared from $59.5bn to $906.8bn >in the 10 years to October 2010, to account for 21% of the American >government's >entire outstanding debt and more than a third of China's foreign currency >reserves. > > Around the middle of the last decade, China began turning its attention to >securing the natural resources it would need to cater for its huge and growing >population and manufacturing base, snapping up commodities such as iron ore, >gold and platinum that it needs as raw materials, as well as land to grow food >and timber. Most of these deals were struck in Africa. > > In 2008, China branched out further, investing in struggling US banks such as >Citigroup and the now defunct Bear Stearns and, last year, it upped investment >in European government bonds. > > China has made public commitments to buy debt issued by Greece and Portugal, >despite America's Pimco, the largest buyer of sovereign debt, declaring the >euro >countries "a danger zone". Furthermore, China, which already owns 13% of >Spanish >government debt, has pledged to buy another ?6bn worth this year as it seeks >to >diversify holdings away from US dollar-denominated assets. > > > Diversification > > Analysts say it makes good financial sense to have a diversified investment >portfolio, while keeping the euro and eurozone economies strong. Europe >consumes >16% of China's exports. > > If the currency disbanded, or some members were forced to leave the eurozone >and adopt weaker sovereign currencies, they would be less able to afford to >buy >Chinese goods, while their own products would become relatively more >attractive >as exports, undermining China's competitive advantage. > > In the latest phase of its global development, China is furiously sourcing >luxury goods for its fast-growing middle class and sophisticated technology to >take its manufacturing upmarket. > > "In the last 18 months China has moved into a new phase in where it has > started >getting quite vocal about the global economy and is really staking a claim to >being a superpower," said Kathleen Brooks, research director at online foreign >exchange trading company Forex.com. She dates China's change in attitude to >the >moment when its foreign currency reserves breached the $2tn mark in July 2009. > > But experts say China's growing prosperity represents a great opportunity as >well as a threat. > > > Opportunities > > With China due to rubber stamp its 12th five-year plan this year ? with the >stated aim of using its financial clout to move upmarket ? there are huge >opportunities for developed economies such as Britain to boost exports of good >quality products. > > Rolls-Royce Motor Cars has unveiled record sales for 2010, with a substantial >contribution from China. > > "We need to recognise the importance of China, we need to sell and invest >there. The Rolls-Royce story is reflected across all the luxury goods makers, >for which China is the biggest growth engine," said Standard Chartered's >Gerard >Lyons, who forecasts that the Chinese economy, which overtook Japan to become >the world's second biggest last year, will surpass the US by 2020. > > Britain's prime minister, David Cameron, is well aware of the need to >ingratiate himself with China. In November, he led the largest ever UK trade >delegation to Beijing in November, during which he set a goal for the country >to >nearly double its annual trade in goods and services with China from $52bn in >2009 to $100bn in 2015. Britain struck ?2.6bn of deals with China this week, >include a move to increase sales of Jaguar Land Rover vehicles to China; an >announcement by BP and the China National Offshore Oil Corporation on >deepwater >exploration in the South China Sea and a so-called framework deal between >PetroChina and Britain's Ineos to form refining joint ventures. > > However, with China currently accounting for 3% of Britain's exports, many >question whether Cameron has sufficient ambition, arguing that failure to >capitalise on the opportunities provided by China and other emerging economies >could accelerate the UK's descent in the world's economic league table. > > > If you have any questions about this email, please contact the guardian.co.uk >user help desk: [email protected]. > > > guardian.co.uk Copyright (c) Guardian News and Media Limited. 2011 > Registered in England and Wales No. 908396 > Registered office: PO Box 68164, Kings Place, 90 York Way, London N1P 2AP > Please consider the environment before printing this email. > ------------------------------------------------------------------ > Visit guardian.co.uk - newspaper website of the year > www.guardian.co.uk www.observer.co.uk > > To save up to 33% when you subscribe to the Guardian and the Observer > visit http://www.guardian.co.uk/subscriber > > --------------------------------------------------------------------- > > This e-mail and all attachments are confidential and may also > be privileged. 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