The steady barrage of statistics trumpeting China’s rise is often greeted elsewhere as if the figures were torpedoes and the rest of the world a sinking ship. Economic growth tops 9 percent! Textile exports jump 500 percent! Military spending up! Manufacturing up!
The numbers inflame the exaggerated perception that China is methodically inhaling jobs and resources and, in the process, inhaling the rest of the planet. Burp. There goes the American furniture industry. Burp. Thanks for your oil, Venezuela.