US media: China's rise will be both win

The latest publication of Newsweek magazine points out that China's rise will be a win for both sides. The economic and political rise of China has been an inevitable event in our time, the article wrote.　　Almost half of the Financial Times and the Wall Street Journal focus on China. However, the article argues that reports about China's increased global clout ignore China's big environment and avoid the question of why China has not overtaken the US in terms of global influence.　　Take a closer look at the key economic data, a more nuanced distribution of power, such as cultural influence and humanitarian aid, reveals that while China has indeed become one of the world's most powerful forces (at the end of last month, when China officially overtook Japan as the world's second-largest economy), its influence is still often constrained by the US. The article says that while trade volumes between China and Africa and Latin America have grown rapidly, the volume of trade between the US and the two regions is growing faster and more diversified. China is undoubtedly the most important trading partner of the Asian countries, but China's trade is concentrated in low-end goods, while the US occupies the high end of the trade chain. In Asia, U.S. aid and direct investment still outperform China, and America's soft power is still in absolute dominance.　　And while China has recently been very active, America's military prowess in Asia remains dominant. The article points out that the most important part of Sino-African trade is China's imports of oil from 5 African countries. It is widely believed that imported oil is the most important driving force for China to enter the continent. However, even in this regard, the United States is far ahead of China.　　China imports 17% of Africa's oil, while the US is 29% (Europe is 35%). The article points out that China is still dominant in regional trade in Asia--the total volume of trade between China and other Asian countries was as high as $231 billion trillion in 2008, higher than US $178 billion trillion. However, China's trade flows to low-end commodities.　　Such a trade would not be able to raise the much-needed technological content for Southeast Asian countries and help them to get to the top of the ladder of technology. The article also believes that in Latin America, China's economic influence is also increasingly prominent. Last year China overtook the US as Brazil's largest trading partner. China is now the second largest trading partner of Venezuela, Chile, Peru, Costa Rica and Argentina. According to the data, China's cumulative investment in Latin America as at the end of 2008 was $12 billion trillion.　　But the China Economic review says the figure is less than Michigan's investment in the region. The article concludes that China's rise has forced the United States to skillfully use the brand of culture, military, technology and economy to deal with the world.　　From this point of view, the result may be the Sino-US win. (General newspaper)