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.

今天的中国在短短三十年内已经成为一个世界经济巨人。该国的中央银行持有超过3.5万亿美元的外汇储备，其中大部分是美元。如果没有中国这个巨无霸，美国可能早就破产了，无法为其爆炸性的国家债务提供资金。现在，中国已经成为世界第二大经济体，华尔街和华盛顿的一些有权势的圈子感到震惊，中国人可能不再遵循议程，而是自己决定什么对中国最好。他们认为中国是对他们全球权力的威胁。结果是北京和华盛顿之间的关系越来越紧张--在中东、非洲和亚洲。尤其令人震惊的是，在与中国争夺偏远太平洋岛屿的冲突中，美国暗中支持了日本。中国开始感受到不断升级的敌意，而且不仅仅是来自五角大楼。美国和中国之间的公开冲突可能对脆弱的世界经济造成致命打击。本书清楚地解释了如果华盛顿继续试图将中国龙变成一个敌国，会有什么危险。