Target: China: How Washington and Wall Street Plan to Cage the Asian Dragon

by F. William Engdahl

China today has become a world economic giant in just three decades. The country’s central bank holds more than $3.5 trillion in foreign exchange reserves, mostly in dollars. Without the Chinese colossus, the USA might have long ago gone bankrupt, unable to finance its exploding national debt. Now that China has emerged as the world’s second largest economy, some powerful circles in Wall Street and Washington are alarmed that the Chinese might no longer follow the agenda, but decide for themselves what is best for China. They see China as a threat to their global power. The result is growing tension between Beijing and Washington – in the Middle East, Africa, and in Asia. Especially alarming is covert US backing of Japan in a conflict with China over remote Pacific islands. China is beginning to feel escalating hostility, and not only from the Pentagon. Open conflict between the USA and China could deal a death-blow to the fragile world economy. This book explains in clear terms what is at stake if Washington continues to try to turn the Chinese Dragon into an enemy state.

Genres: Nonfiction, History, Politics

256 pages, Paperback

First published September 15, 2014

About the author

Frederick William Engdahl is an American writer based in Germany. He identifies himself as an "economic researcher, historian and freelance journalist." He is known for his views that the September 11 attacks, the Arab Spring and the theory of global warming are all conspiracies. He has written extensively for the LaRouche movement, Russia Today and GlobalResearch.

Reviews

[Erik Martenson · Rating 5 out of 5]

Red Dragon vs. Blue Giant

Short but interesting book about China versus USA, and how the western elite attempts to stay on top by limiting the economic growth in the Middle Kingdom. Trade Wars, exported inflation, oil wars in Africa, and so on. The author also suggests that the CCP might self-destruct from the inside due to internal fighting and greed. Indeed we live in interesting times as China builds up its military might and NATO is busy watching Russia harass Ukraine. On top of it all Henry Kissinger just died.