On January 20, 2012, Financial Times Chinese published an article written by a Chinese professor discussing the weaknesses and the strengths of the United States and the complicated U.S.-China relationship. The scholar pointed out “without the Western countries’ investment in China and the transfer of technology to China, China could not have achieved its rapid rise, though China’s policy of opening and the Chinese people’s hard work made an essential contribution to China’s rise.”
According to the article, the U.S. faces four problems: 1) Job loss and an unequal distribution of wealth due to domestic manufacturing industries outsourcing their production; 2) A rise in the budget deficit and national debt; 3) Having difficulty reaching consensus on the fiscal balance because of friction between the two Parties; 4) Overseas expansion has led to a depletion of its national power. However, the U.S. also has four strengths such as its political system, values, technological innovation and world-class quality education, as well as its top military capabilities.
Source: Financial Times Chinese, January 20, 2012