China's power-projection capability is limited but has grown. China has acquired some advanced weapons systems from abroad, including Sovremmeny destroyers, SU-27 and SU-30 aircraft, and Kilo-class diesel submarines from Russia, and continued to develop domestic production capabilities, such as for the domestically-developed J-10 fighter aircraft. However, much of its air and naval forces continue to be based on 1960s-era technology. As the Defense Department's Quadrennial Defense Review, released February 2006, noted, the U.S. shares with other countries a concern about the pace, scope, and direction of China's military modernization. We view military exchanges, visits, and other forms of engagement are useful tools in promoting transparency, provided they have substance and are fully reciprocal. Regularized exchanges and contact also have the significant benefit of building confidence, reducing the possibility of accidents, and providing the lines of communication that are essential in ensuring that episodes such as the April 2001 EP-3 aircraft incident do not escalate into major crises. During their April 2006 meeting, President Bush and President Hu agreed to increase officer exchanges and to begin a strategic nuclear dialogue between STRATCOM and the Chinese military's strategic missile command. U.S. and Chinese militaries are also considering ways in which we might cooperate on disaster assistance relief. However, it should be remembered that the Military is still under the Party's control. It is not to be equated with the European and American Armed forces.
==Economic reforms==
China's economy, based on rice and wheat farming, was generally prosperous until the 18th century. Population pressures and failure to adopt new technology led to an impoverished nation by 1900.
The legitimate successor regime to the Qing Dynasty owes bond investors in the United States, Britain, France, and Germany $1.6 Trillion in sovereign debt. The People's Republic of China has not assumed responsibility for the debt.<ref>A series of bonds issued by the Qing government a century ago are once again questioning the legitimacy of the Chinese Communist regime that is now in a difficult dilemma it can not get out of. The market value of the bonds is worth $1.6 trillion USD, and if the CCP wants to prove itself to be the legitimate government of China, then it has to pay back these bonds. If the CCP refuses to acknowledge this debt, then it must recognize that the Republic of China (Taiwan) as the legitimate government of China.
Recently, Americans who hold the “Hukuang Railway Bond”—issued by the Qing Dynasty to the United States, Britain, France, and Germany to raise funds for the construction of the Huguang Railways that run from Hunan to Guangzhou—initiated a movement demanding the Chinese Communist Party repay the debt. The chairman of the American Bondholders Foundation (ABF), Jonna Bianco, said: “These bonds were originally issued under the Republic of China, what we know today is Taiwan. And the Communist regime who went in and took over mainland China and became the official government in 1949. It becomes their responsibility to honor this debt. The CCP, the Chinese Communist Party’s debt, just as they paid Great Britain in 1987 for the very same bond. It is successor government doctrine.”
However, the CCP has always refused to cash in on bonds held by Americans. It selectively defaulted, deliberately not repaying the money owed to American investors.
As early as 1973, before the establishment of diplomatic relations between the United States and China, the U.S. representative told the CCP during negotiations that although the debt does not have to be repaid immediately, the U.S. will not exempt it. Although the CCP government claims to be the only legal government in China and has the right to inherit the sovereignty of Hong Kong left by the Qing government, it does not recognize the right to inherit the "Hukuang Railway Bonds" issued by the Qing government.
Bianco said that the previous U.S. administrations did not attach any importance to the issue of the Huguang Railway bond, but President Trump is different from them. “Thank God for President Donald J. Trump, who is listening to this issue. I have met with him personally. He has committed his support behind this issue. He is the only president that has held China accountable to play by the same rules, to have fair trades, to have as he said perfectly, reciprocity, and that’s what Americans expect, that’s what the world expects,” she said.
According to data from the US Treasury Department, as of May 2020, the CCP holds US $1.08 trillion in US Treasury bonds. Bianco suggested that the Trump administration exchange bonds with the CCP, that is, use the Hukuang Railway Bonds to repay the U.S. Treasury bonds held by the CCP. Bianco said that she is confident that this matter will succeed.</small><br>https://youtu.be/8B4L_dqU79c</ref>
===WTO membership===
[[File:2018 trade deficit.jpg|thumb|500px|right|U.S. trade deficit with China. The difference between the red line and blue line represents an outflow of American wealth - [[capitalism|capital]] that could be used to create American jobs rather than jobs in China and prosperity for the [[Chinese Communist Party]].]]
Despite the CCP's human rights abuses in the Tiananmen massacre, no trade sanctions were ever leveled by Western Powers and globalists. China was rewarded for its human rights abuses in 2001, despite the absence of reforms, by being welcomed into the World Trade Organization with full membership and a year later granted [[Most Favored Nation]] trade status by the [[U.S. Congress]]. China formally joined the World Trade Organization ([[WTO]]) in December 2001.
By 2017, the imposition of [[tariff]]s by U.S. President [[Donald J. Trump]] began to redress the imbalance of a half-trillion dollar a year [[trade deficit]] and the outflow of American wealth to China. China's economy was developed over those early decades of the 21st century as a coastal, manufacturing economy entirely dependent on exports. Young people left their home villages in the countryside to seek work in coastal factories. The prosperity was all built on access to the U.S. consumer market, and Americans' appetite for cheap manufactured goods. Scant attention was paid to developing a domestic service sector economy, while the vast interior remained impoverished, and increasingly so as young people abandoned rural agricultural work for urban factory work.
No sanctions were ever leveled by [[The West|Western powers]] and [[globalist]]s for these naked human rights violations. In fact, China was welcomed into the [[World Trade Organization]] (WTO) in 2001 and granted Most Favored Nation ([[MFN]]) trade status by the [[United States]] in 2002, having made no reforms to its socialist, [[authoritarian]] and [[totalitarian]] system.
Contrary to Cold War era belief that free trade would encourage non-democratic countries to become more democratic - an argument used to sell globalization - experience ultimately proved free trade only strengthens tyrannical regimes. By 2020, the notion that [[democracy]] and free trade go hand-in-hand had been thoroughly discredited.
===Most Favored Nation status with the U.S.===
:{{See also|Most favored nation}}
As China has been growing in power, it has also become increasingly aggressive on the international stage.<ref>Scaliger, Charles (February 19, 2019). [https://www.thenewamerican.com/print-magazine/item/31388-china-s-new-aggression-on-the-world-stage China’s New Aggression on the World Stage]. ''The New American''. Retrieved February 19, 2019.<br>See also:
*Blanchard, Ben (September 24, 2019). [https://www.reuters.com/article/us-china-anniversary-timeline/timeline-seven-decades-of-communist-china-idUSKBN1WA03Z Timeline: Seven decades of Communist China]. ''Reuters''. Retrieved September 25, 2019.
*Newman, Alex (September 25, 2019). [https://www.theepochtimes.com/is-trump-really-to-blame-for-chinas-rise-at-the-un-as-media-claim_3094695.html China’s Subversion of the United Nations]. ''The Epoch Times''. Retrieved September 26, 2019.</ref> The country's Communist Party also increased control over the country and economy,<ref>Multiple references:
*Byas, Steve (March 7, 2019). [https://www.thenewamerican.com/world-news/asia/item/31676-chinese-communists-tighten-grip-as-70th-anniversary-nears Chinese Communists Tighten Grip as 70th Anniversary Nears]. ''The New American''. Retrieved March 8, 2019.
*Li, Olivia (March 6, 2019). [https://www.theepochtimes.com/china-cracks-down-on-private-enterprises_2825959.html China Cracks Down on Private Enterprises]. ''The Epoch Times''. Retrieved March 8, 2019.
See also:
*Blanchard, Ben (March 7, 2019). [https://www.reuters.com/article/us-china-parliament-politics/in-sensitive-year-for-china-warnings-against-erroneous-thoughts-idUSKCN1QO0X0 In sensitive year for China, warnings against 'erroneous thoughts']. ''Reuters''. Retrieved March 9, 2019.
*Timm, Leo; Hao, Nicole (December 24, 2019). [https://www.theepochtimes.com/year-in-review-for-communist-china-the-worst-is-yet-to-come_3180253.html Year in Review: For Communist China, the Worst Is yet to Come]. ''The Epoch Times''. Retrieved December 24, 2019.
*Adelmann, Bob (December 30, 2019). [https://www.thenewamerican.com/world-news/asia/item/34476-china-facing-massive-headwinds-in-2020 China Facing Massive Headwinds in 2020]. ''The New American''. Retrieved December 30, 2019.</ref> and foreign companies worked to appease the Chinese government.<ref>Lowe, Tiana (August 15, 2019). [https://www.washingtonexaminer.com/opinion/woke-capitalism-cowers-to-china Woke capitalism cowers to China]. ''Washington Examiner''. Retrieved August 26, 2019.<br>See also:
*Kraychik, Robert (October 14, 2019). [https://www.breitbart.com/radio/2019/10/14/rob-spalding-china-silenced-its-critics-buying-off-americas-elites/ Rob Spalding: China Silenced Its Critics by Buying Off America’s Elites]. ''Breitbart News''. Retrieved October 14, 2019.
*Virgil (October 20, 2019). [https://www.breitbart.com/politics/2019/10/20/virgil-five-takeaways-from-capitalisms-kowtow-to-china/ Virgil: Five Takeaways from Capitalism’s Kowtow to China]. ''Breitbart News''. Retrieved October 21, 2019.</ref> China uses about half of the world's steel and cement/concrete. In the 3 years from 2011 to 2014, China used 6.6 gigatons of cement, which is more than the US did in the entire 20th century.<ref>https://www.gatesnotes.com/About-Bill-Gates/Concrete-in-China</ref> China also worked to isolate Taiwan diplomatically.<ref>Schmitt, Gary (September 26, 2019). [https://thehill.com/opinion/international/463290-china-is-quietly-winning-the-diplomatic-war-with-taiwan China is quietly winning the diplomatic war with Taiwan]. ''The Hill''. Retrieved September 26, 2019.</ref> China became the dominant trading partner of a large majority of the world's countries, overtaking the U.S.<ref>[https://twitter.com/MhaskarChief/status/1198862204876931072 Zeeshan Mhaskar]. ''Twitter''. November 24, 2019. Retrieved December 1, 2019.<br>See also:
*Akan, Emel (January 6, 2020). [https://www.theepochtimes.com/chinas-rise-had-a-negative-impact-on-global-innovation-say-experts_3195603.html China’s Rise Has Had Negative Impact on Global Innovation, Experts Say]. ''The Epoch Times''. Retrieved January 6, 2020.</ref> Under Xi Jinping, China regressed back to Mao's totalitarianism.<ref>Adelmann, Bob (December 30, 2019). [https://www.thenewamerican.com/world-news/asia/item/34470-china-s-xi-jinping-is-now-the-people-s-leader China’s Xi Jinping Is Now the “People’s Leader”]. ''The New American''. Retrieved December 30, 2019.</ref>
===GDP===
During the Post-Maoist Reform era after 1978, China introduced a system known as capitalist management of socialism, which it operates under today. China is not a true market economy, as the key resources, such as land, is not privately owned; the so-called collective ownership is still de facto government ownership. Moreover, in the Communist Regime's Constitution, Mainland China is still officially a Communist country.
[[File:Concrete-in-china-info.png|right|350px|thumb|In the 3 years from 2011 to 2014, China used more cement than the US did in the entire 20th century.]]
In 1985, based on [[IMF]] data,<ref>https://www.imf.org/en/Publications/SPROLLs/world-economic-outlook-databases</ref> China was the eleventh largest economy, with a GDP of $313 billion, below the United States, Soviet Union, Japan, Germany, United Kingdom, France, Italy, Canada, Spain, and the Netherlands. China quickly got to tenth in 1990, with its $398 billion. China managed to get to eight in just five years, with a GDP of $737 billion. However, during this time, the Russian economy was collapsing, which meant that China went to seventh. The Italian economy got overtaken by the Chinese economy of $1.215 trillion in 2000. However, China nearly tied France and England around the $2.5 trillion mark. When the [[2008 financial crisis]] hit America and Europe, China boomed even further, becoming the 3rd largest economy in 2010, nearly tying Japan, with a $6 trillion GDP.
In 2015 China grew to $11 trillion, clearly becoming the 2nd largest economy. China led the world in production of ships, iron, steel, textiles, cement, chemicals, toys, electronics, railcars, aircraft, solar cells, shoes, cellphones, air conditioners, and personal computers. More than 80% of medical pharma materials came from China. In rare earth minerals, which are vital to so many high technology industries, by 2021 China had an 80% lock on the supply. Other sectors the CCP means to dominate include satellite technology, [[AI]], cyber, quantum computing and communications, battery development and manufacturing, and robotics.
In 2020, China hit 100 trillion yuan ($15.21 trillion), when the United States went down to $20 trillion, and Japan went down to $5 trillion, because of the [[CCP pandemic]]. China had a ''per capita'' income below [[Mexico]] but above the [[Dominican Republic]]. 40% of the population lives on less than $5 per day.
==Tiananmen Square massacre==