Chinese President Xi Jinping is planning to visit the United States on September 25 while Washington, all guns blazing, is pushing ahead with its propaganda campaign against Beijing and beefing up its military presence in Asia Pacific, US academic James Petras notes.
While American IT corporations value their cooperation with Beijing in the high-tech field, US banking elites and Washington hawks are up in arms about China’s rapid economic rise, James Petras, a retired Bartle Professor Emeritus of Sociology at Binghamton University, New York, points out.
“As President Xi Jinping prepares for his first US visit as China’s leader on September 25, with the aim of extending economic ties between Chinese and US business… the Obama regime has threatened to impose a series of punitive sanctions against Chinese companies and individuals for ‘cyber-espionage,’ essentially undermining the purpose of his trip,” Professor Petras remarked in his article for Global Research.
Ludicrously, they are claiming that China is facing a recession while the country’s projected annual growth has decreased from 7.3 percent just to 7.0 percent.
“If the EU and the US grew at half that rate, the financial scribes would claim an ‘economic miracle’!” the professor noted ironically.
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