One could call this article a worst-case scenario for the new American century. Why worst case? Because of the hard lessons from history. The Romans did not consider the worst-case scenario when Hannibal crossed the Alps with his elephants and routed them; or when Hannibal encircled and annihilated the numerically superior Roman army at the Battle of Cannae.
The French did not consider the worst-case scenario at Dien Bien Phu and when they built the Maginot Line, and the French suffered disastrous defeats. The Americans did not consider the worst-case scenario at Pearl Harbor or on September 11, and the results were disastrous for the American people. Again, American planners did not consider the worst-case scenario in its latest war in Iraq, but instead operated on the "best-case scenario", such as considering the Iraq invasion a "cake walk" and that the Iraqi people would be parading in the streets, throwing flowers and welcoming American soldiers as "liberators", only to discover the opposite.
Scenario One: America launches 'preventive war' vs China
# Since 1978, China has averaged 9.4% annual GDP growth
# It had a five-fold increase in total output per capita from 1982 to 2002
# It had $61 billion in foreign direct investment in 2004 alone and foreign trade of $851 billion, the third-largest in the world
# The US trade deficit with China exceeded $200 billion in 2005
# China has $750 billion in foreign exchange reserves and is the second-biggest oil importer
# Last year it turned out 442,000 new engineers a year; with 48,000 graduates with master's degrees and 8,000 PhDs annually; compared to only 60,000 new engineers a year in the US.
# China for the first time (2004) surpassed America to export the most technology wares around the world. China enjoyed a $34 billion trade surplus with the US in advanced technology products in 2004 (The Economist, December 17, 2005). In 2005, the surplus increased to $36 billion
# It created 20,000 new manufacturing facilities a year
# It holds $252 billion in US Treasury Bonds (plus $48 billion held by Hong Kong)
# Among the five basic food, energy and industrial commodities –grain and meat, oil and coal and steel –consumption in China has eclipsed that of the US in all but oil.
# China has also gone ahead of the US in the consumption of TV sets, refrigerators and mobile phones
# In 1996, China had 7 million cell phones and the US had 44 million. Now China has more mobile phone users than the US has people.
# China has about $1 trillion in personal savings and a savings rate of close to 50%; U.S. has about $158 billion in personal savings and a savings rate of about 2% (The Wall Street Journal, Nov 19, 2005)
# Shanghai boasts 4,000 skyscrapers – double the number in New York City (The Wall Street Journal, Nov 19, 2005)
# Songbei, Harbin City in north China is building a city as big as New York City
# Goldman Sachs predicts that China will surpass the US economy by 2041.
http://www.atimes.com/atimes/China/HD20Ad03.html