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Posted on Wed Oct 12 2011 7:40am
Chinas growth poses no economic threat to the United States, analysts and officials said Thursday, after some commentators suggested that US President Barack Obama was inviting competition with Beijing in his first State of Union speech. Frank Gore Jersey. Obama mentioned China twice in his speech to the US Congress. Related readings: US to keep China in mind for Asia China Investment Corp likely to invest in US high speed trains China overtakes US as worlds largest auto market China keeps yuan stable, uneasy about US dollar China, US pledge joint efforts to revive world economy From the first railroads to the interstate highway system, our nation has always been built to compete. Theres no reason Europe or China should have the fastest trains, or the new factories that manufacture clean energy products. Chinas not waiting to revamp its economy, he said. Germanys not waiting. Indias not waiting. These nations arent standing still. These nations arent playing for second place. He said its time the US got serious about fixing the problems that are hampering its growth. I do not accept second-place for the United States of America, he declared. The New York Times said such remarks meant Obama cast Beijing in the role of economic threat to the US. A commentator for Hong Kong-based Phoenix TV said Obamas speech served as an invitation to a competition with China. The US is actually saying, I will never let you (China) bec
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