China is creating two threats to the world

26/03/2016
The Chinese expansionism in the South China Sea and the Chinese economic hard landing are among top global risks, according to a new analysis from The Economist Intelligence Unit (EIU).
In the update of the global risk report, the EIU, an office of the Economist, ranks the clash of arms in the South China Sea at 8th position and the hard landing of the Chinese economy at the riskiest threat to the world.
Two days before the release of the report, in Beijing, Chinese Prime Minister, Li Keqiang said that with the continuation in the economic opening and reform, China will not land hard. And the proper measures are preventing Chinese economy from falling sharply from high growth to low growth or facing with recession.
However, the probability of a hard landing of the Chinese economy is very high, reaching 20/25 points in the EIU report.
The EIU’s assessment was based on the analysis of experts. For example, in the Davos forum at the beginning of this year, the billionaire Geogre Soros said “a hard landing of the Chinese economy is unavoidable”. He also said that he is watching, not predicting about the landing.
About the Chinese expansionism in the South China Sea, the report predicted that it could prompt a clash of arms in the region.
The report wrote: “Tensions in the South China Sea (SCS) over disputed islands have escalated in recent years. Since 2014 reports have proliferated about dredging work by Chinese vessels, seemingly focused on turning reefs, atolls and rocks in disputed parts of the SCS into artificial islands and, in some instances, military bases. This work has profound territorial implications: according to the UN Convention on the Law of the Sea, uninhabitable rocks have a 12mile territorial zone, while habitable islands have 12mile territorial waters and a 200mile exclusive economic zone. In 2015 China's efforts were focused primarily on the Spratly Islands, which comprise 100 small islands and reefs, subject to competing territorial claims from China, Malaysia, Vietnam and the Philippines. However, in February 2016 it was also revealed that China had deployed surface-to-air missiles on the Paracel Islands further to the north, prompting an official protest from Vietnam, among others. With China already mired in multiple island disputes elsewhere, including with South Korea and Japan, there is a risk that China's growing assertiveness will lead to a military build-up in the region, which in turn raises the danger of an accident or miscalculation that might lead to a wider military escalation. Any worsening of the row could seriously undermine intra-regional economic ties, and potentially interrupt global trade flows and simultaneously depress global economic sentiment more broadly”.
The aggressive raising of China is making the region and the whole world concerned. China just wants to be the centre of the world and the other countries must depend on it. As a neighbor, Vietnam has being affected by the China’s ambitions, especially the China expansion in the South China Sea. We must prepared for the worst situation to come and protecting our sovereignty, as well as our economy./.

Chia sẻ bài viết ^^
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