..while the United States falls behind with antiquated factories, decaying bridges and a failing education system.
China recently built a high-speed rail system... it's steel on steel (not Mag-lev) but I believe it is up wards of 300 mph.
China controls the Panama Canal, and has set up strategic container depots throughout the Caribbean and South America. China has quietly inked Oil deals all over the globe.
They have done this all very quietly, while the U.S. has squandered $-BIllions creating civil wars and murdering civilians in the Middle East.
If Obama is playing Chess with the Chinese.. he is getting the crap kicked out of him.
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http://www.newsweek.com/id/219416Already, government investment has created something of an economic miniboom. At the railway station in Suzhou—the old Yangtze delta city north of Shanghai famous for its canals and ornamental gardens—teams of construction workers now spend their days suspended precariously from a latticework of girders high above the track. Soon, a brand-new glass-and-steel terminal will rise here, and the crumbling old 1950s station, with its few platforms, will be consigned to history. Guangzhou, Shanghai, and other cities are following suit, building shiny new stations to service the fast new trains. Authorities are so confident about the market that they've invested tens of millions of dollars in localizing production of bullet trains, with 85 percent of the parts for trains in the new Beijing-Shanghai line expected to be manufactured domestically.