The Coming China Wars Where They Will Be Fought and How They Can Be Won

by Navarro, Peter

• ISBN13: 9780132281287
• ISBN10: 0132281287
• Edition: 1st
• Format: Hardcover
• Copyright: 2006-10-19
• Publisher: FT Press

Summary

China is now the "factory floor" for global production. It sells to the world at the competition-crushing "China Price" and we as consumers benefit greatly. Unfortunately for the world, this story doesn't end with a cornucopia of cheap Chinese goods on our store shelves. Rather, it begins precisely at this point. It is a story about how the rapid and often chaotic industrialization of the most populous country on the planet has put China on a collision course with the rest of the world. The emergence of China as an economic superpower is currently moving on a path that will affect literally every nation and every person in the world, and potentially cause great turmoil and conflict. The primary purpose of this book is to raise the level of economic and political awareness to a level which will allow all of us, including the Chinese, to begin to think much more deeply about how to stop the Coming China Wars and to participate in the set of very hard choices that must be made.

Author Biography

Peter Navarro is a business professor at the University of California-Irvine. He is the author of the path-breaking management book, The Well-Timed Strategy, and the bestselling investment book If It's Raining in Brazil, Buy Starbucks. His unique and internationally recognized expertise lies in his "big picture" application of a highly sophisticated but easily accessible macroeconomic analysis of the business environment and financial markets for investors and corporate executives.

 

Navarro's articles have appeared in a wide range of publications, from Business Week, the Los Angeles Times, New York Times, and Wall Street Journal to the Harvard Business Review, the Sloan Management Review, and the Journal of Business. Professor Navarro is a widely sought after and gifted public speaker. He has appeared frequently on Bloomberg TV and radio, CNN, CNBC, and NPR, as well as on all three major network news shows.

 

His free weekly investment newsletter is published at www. peternavarro.com.

Table of Contents

About the Author	ix
Introduction	xi
The ``China Price'' and Weapons of Mass Production	1	(20)
China's Counterfeit Economy and Not-So-Swashbuckling Pirates	21	(24)
Killing Us (and Them) Softly With Their Coal	45	(20)
The ``Blood for Oil'' Wars---The Sum of All Chinese Fears	65	(22)
The ``New Imperialist'' Wars and Weapons of Mass Construction	87	(22)
The 21st Century Opium Wars---The World's Emperor of ``Precursor Chemicals''	109	(20)
The Damnable Dam Wars and Drums along the Mekong	129	(14)
The Bread and Water Wars---Nary a (Clean) Drop to Drink	143	(14)
China's Wars from Within---The Dragon Comes Apart at the Seams	157	(20)
Of ``Bloodheads,'' Gray Dragons, and Other ``Ticking Time Bombs''	177	(22)
How to Fight---And Win!---The Coming China Wars	199	(20)
Acknowledgments	219	(6)
Notes	225	(24)
Index	249

Excerpts

Introduction Introduction News Release, October 25, 2012 U.S.-China Chill Melts Down World Markets NEW YORK--Global stock exchanges were devastated this week by the worst collapse in history as a wave of panic selling followed the sun from Asia through Europe and back to Wall Street. The pandemonium was triggered by a Chinese government announcement that it would no longer finance the mounting budget and trade deficits of a "profligate United States" that "refuses to live within its means" and that "insists on scapegoating China for its own internal economic problems." Nor would China continue to try to prop up "an increasingly worthless dollar." As the Chinese began dumping U.S. assets on Wall Street, both stock and bond prices plummeted. The panic soon spread to other exchanges around the world as gold soared to more than $1,000 an ounce and fear of a global depression deepened. China's actions have been widely interpreted as harsh retaliation for U.S. congressional passage of stiff protectionist tariffs on a wide range of manufactured goods. With the presidential election less than a month away, both houses of Congress up for electoral grabs, and the U.S. economy stuck in reverse, Republicans and Democrats alike are pushing additional legislation addressing everything from the growing trade in Chinese counterfeit goods, illegal drugs, and ballistic missiles to the international spillover from China's mounting environmental pollution. It's been a tough year for Sino-U.S. relations. In January, the U.S. ambassador to the United Nations stormed out in protest over "the repeated crass commercial use" by China of its U.N. veto to "shield terrorist regimes such as Iran from diplomatic sanctions in exchange for oil." In March, China's president abruptly cancelled a state visit after the U.S. Treasury Department branded China a "currency manipulator." During an unusually hot August that raised collateral fears of global warming, the U.S. Pacific Fleet engaged in a tense, week-long standoff over Taiwan with China's recently acquired, and nuclear missile-equipped, blue water navy. Meanwhile, domestic unrest in China continues to escalate as an increasingly restive population seeks greater income equality, more worker rights, improved health care, a cleaner environment, a halt to widespread government corruption, and an end to massive public works projects such as the Three Gorges Dam that have displaced millions of people without adequately compensating them. A recent report released by the U.S. Central Intelligence Agency has warned that should such domestic unrest reach a boiling point in China, the result may be "sharper military conflicts with the United States, Taiwan, and possibly even Japan as Chinese leaders seek to unify the now increasingly fractured nation against a 'common enemy.'" The best of economic times for China are fast becoming the worst of times for the rest of us. China's "cowboy capitalism" and amoral foreign policies are triggering a whole range of economic, financial, environmental, political, and military tsunamis that threaten to engulf us--as well as the Chinese people. The ever-growing dangers lay in a model of rapid, unsustainable economic growth, coupled with a wanton disregard for both human life and intellectual property. The myriad dangers from the Coming China Wars are real--and increasingly personal. Consider these scenarios based on actual events: Your father almost dies from a massive heart attack because the "Lipitor" prescription he filled on the Internet was laced with Chinese fakes. Your mother breaks her hip because the phony "Evista" medication she took for osteoporosis was nothin