U.S. rivalry with China should be mainly economic, not military. The threat to us Americans is that we shall continue to allow the hollowing out of our manufacturing industry while China grows ever more powerful.
China offers the world the chance to invest in its Asian Infrastructure Investment Bank, which may or may not amount to anything, but potentially could help all its partners achieve their economic goals.
The US government is trying to pressure the world into joining the Trans Pacific Partnership, the Transatlantic Trade and Investment Partnership and the Trade in Services Agreement, which would require them to give up national sovereignty so that multinational corporations could operate with greater freedom.
President Obama has said that it is important that “we” rather than China get to write the rules for the international economy. I don’t feel included in that “we”. I think the “we” who will write the rules are the big international banks and other corporations, not us Americans.
There’s an old saying that you can catch more flies with honey than with vinegar. Right now the Chinese government is offering honey while the U.S. government is trying to force its allies to swallow vinegar.
Click on China Global Investment Tracker for the original Heritage Foundation / American Enterprise Institute interactive map.