Beijing Daily: The U.S. Sees the Downfall of Its Empire

Beijing Daily published a commentary on the downgrade of the US credit rating and suggested the measures that China should take. The commentary stated, “The downgrade of the U.S. credit rating from AAA is a historic and symbolic event. It should be viewed as a major turning point in the decline of the country’s national development. The decline of the U.S., already a global consensus, necessarily means great changes and strenuous adjustments in the world order. The East Wind prevails over the West Wind. The center of gravity of world power is shifting to emerging countries. The world’s political and economic structure will end the era in which the West makes the call. This is determined by the reality and trend of the global development of productivity. Facing this major adjustment and change, China needs to have a clear understanding and a conscious response.”