Some interesting bits of China related news have been coming out lately. To start with, as reported by the Washington Post,
J.P. Morgan Chase & Co. executives say the firm’s newly approved securities venture in mainland China is the latest piece in its growing Asian-Pacific platform and a critical part of a push to globalize the U.S. bank.
The joint venture, approved by China’s securities regulator last week, will allow the Wall Street bank to underwrite stocks and bonds in mainland China.
At the same time, U.S. Defense Secretary Robert Gates arrived in China today (Sunday), “hoping to bolster uneasy military relations with Beijing, but voiced concern over China’s latest high-tech weaponry,” the Daily Star reported.
This visit has been the focus of China’s state-run media, as quoted by Spacewar.com:
The claim in a newspaper editorial followed reports that China had completed a prototype of a stealth fighter and after a top US military official said Beijing was stepping up efforts to deploy a “carrier-killer” missile system.
Regarding that bomber, the Guardian notes, “The US has long known that China wanted to field a stealth jet, but development outpaced US intelligence estimates, Gates said.” But getting back to the Spacewar article.
“Whether the reported new weapons are true or not, in the long run, China will own first-class weapons that are capable of competing with the US war machine,” said the Global Times, known for its nationalist tone. . . . “Apparently, the US is not ready to treat China as a major power. They cannot accept the fact that China will sooner or later possess a first-class military,” the editorial said. . . .
In an interview last week with a Japanese newspaper, the head of the US Pacific Command Admiral Robert Willard said China was pushing development of “carrier-killers” and aimed to project its influence beyond its regional waters.
US military analysts have warned China is developing an anti-ship ballistic missile — a new version of its Dongfeng 21 missile — that could pierce the defences of even the most sturdy US naval vessels and has a range far beyond Chinese waters.
Perhaps the most chilling line follows:
Whereas Gates’s Chinese counterpart Liang Guanglie has said that China will push forward with modernisation of its military thanks to a booming economy, the United States is facing major cuts.
The fact that we may not be able to keep up with Chinese expenditures is bad enough, but we’re also falling behind in educating the next generation to be able to keep up with Chinese technological advancements. Last month, as ABC News reported,
American educators received a wake-up call today when it was revealed that students in Shanghai rank number one globally in reading, math and science, far outpacing their American peers. Despite modest gains in math and science, the U.S. continues to lag behind other developed countries.
Revelation 16:12 says, “The sixth [angel] poured out his bowl on the great river, the Euphrates. Its water was dried up, that the way might be prepared for the kings that come from the sunrise,” or the east. When this happens, Daniel 11:44f says that when news of this reaches the Man of Sin, “he shall go forth with great fury to destroy and utterly to sweep away many. He shall plant the tents of his palace between the sea and the glorious holy mountain; yet he shall come to his end, and none shall help him.” Many prophecy buffs connect this event with that of the sixth trumpet, which will unleash 200 million “horsemen” with what appear to be WMDs to destroy a third of the earth’s population.
Clearly, a China powerful enough to be a threat to the Beast himself would need not only sheer numbers, but also a technological edge and an ability to keep some sense of autonomy during the 42 months of his rule. I think that we’re seeing the “how” coming to fruition before our eyes–and it’s not going to be pretty for the United States.
Shalom and Maranatha!
- Gates in China to shore up uneasy military ties – Sydney Morning Herald (news.google.com)
- US concerned over China’s rapid development of new weapons (guardian.co.uk)
- Gates says China moving fast on new weapons (seattletimes.nwsource.com)
- Wall Street Banks Win China Approvals (online.wsj.com)