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Thursday, 21 June 2012 00:00

CHINA-Signs of Slowing Growth?

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China, one of Asia’s major economic powerhouses, is showing signs of slowing growth.

            This has prompted its leadership to consider spawning a new wave of home-grown innovations.

            One Chinese city has announced a program to cultivate hundreds of visionaries in the image of Steve Jobs, the late Apple CEO, in just five years.

            With this in mind, the central government has called on authors and artists to create great works and make China a cultural superpower.

            For years, China has been promoting a policy of “indigenous innovation”—favoring domestic firms who develop their own technologies.

            But it has also put China on a collision course with major trading partners, some of whom accuse it of unfair trade practices and theft of intellectual property.

-www.aljazeera.com, 4 June 2012

 

The word “cultural superpower” stands out. Communist China is not satisfied with being the number one global export nation; they want more. Although the present European debt crisis is affecting the world, including China, much re-adjustment is being accomplished and the not-too-distant future will see a world more united and interdependent than ever before in history. That is the direction globalism is aiming; prosperity for the world, in which the population will shout, “Peace and safety.” That will be the point of the greatest collapse ever—it is called the Great Tribulation, the end of all manmade prosperity. Revelation 18:19 describes it this way, “And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas, that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.”

(For more on this subject, read Revelation 13: Satan’s Last Victory, Item 1067.)

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