US doesn't have to follow, they are already in a technological peak in their military, haven't you heard of Pax Americana? This is a fact, no matter how Pro-Chinese your setiments are, it will no change.
I do agree with you in the economic aspects though, China is doing very well, they just follow the world's fiscal policy and not be the leader of the pack. If US prints, they follow and print. If US doesn't, then they stop too.
I don't really believe in the government figures for inflation, but it seems like China is going to open North Korea up as their wild card. This would mean an influx in cheap labour which is essential for the growth of economy.
The question for US is what happens after Syria? Is Iran next or North Korea, very tough choice for her because Russia is backing Iran, and North Korea is China's buffer state. The middle east pot of pandemonium is not easy to handle, anything can happen now, as Egypt is turning Anti-American.
I think China is really hoping Japan to be the essential piece to fend off American influence in the West. But I don't understand Japanese politics enough to give a true opinion on this.
The problem with the US is that they overextended their military all over the world. After the war in Iraq and Afghanistan, they could have cut back their spending on military. But they wanted to contain China. So they shifted their military focus to Asia. Instead of cutting back, the US follows China by investing in military. They will reach the fiscal cliff sooner.
The inflation rate in China for July is 1.8% which is 30 month low, and worldwide economists agree to this. That is why they are cutting benchmark interest rates for the second time in July. The fact they are cutting interest rates shows they are confident in lower inflation rates.
This is good since China can now further reduce the interest rates for stimulating the economy. For Japan/US, their interest rates are near zero, so very little room for reduction.
Would have been done better IMO. To the very least the escort should show up more frequently on the international water boundary... Those Japs won't scare for cheap talks but a hard fist...
Diaoyu islands and 爭櫈仔 are not related at all.
胡溫 are smart enough not to say anything at this time. Just look at the South China sea, the Filipinos have already shut up on that dispute.