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Why China is the REAL master of the universe | the Daily Mail

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Chinese security men were on the streets of London this week, ordering our own police about and fighting running battles with British protesters while bewildered athletes carried the Olympic torch on its relay through the capital?

It was a brazen display of how confident China has become of its new place in the world, just as the British Government's failure to take a firm stand on Chinese abuses of human rights shows how craven we have become.

The dire warnings from the International Monetary Fund this week that the West now faces the largest financial shock since the Great Depression, while the Asian economies are still powering ahead, simply underlines our vulnerability in this new world order.

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Denise Lewis Olympic torch men in blue

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Denise Lewis Olympic torch men in blue

The boys in blue: Chinese security men escorting the Olympic torch on the streets of London last weekend. Many were shocked by their heavy-handed tactics

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Their economies are growing on a long-term basis about four times the speed of the UK's and that of the United State

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Goldman Sachs, the bank, recently predicted that by 2050, China and India would have overtaken the U.S. to be the world's first and second biggest economies.

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competition for raw materials is pitting East against West.

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China is spending 35 times as much on crude oil as it did eight years ago, and 23 times as much on copper.

As it builds gleaming skyscrapers on its fields, China alone consumes half the world's cement and a third of its steel.

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China is spending 35 times as much on crude oil as it did eight years ago, and 23 times as much on copper

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China alone consumes half the world's cement and a third of its steel.

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When demand increases and supply stands still, prices shoot up. Iron, wheat and oil are all at record prices, despite slackening demand in the faltering Western economies.

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cost of living in Britain is now rising faster than wages, making the British on average poorer year on year.

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buying up Western companies

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copper-rich

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coal and metals

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From the UN to the IMF to the World Bank, the international institutions that attempt to govern the planet were made in the image of the victors of World War II.

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Its comparative weakness over the last few centuries is, in fact, but a blip in the last 2,000 years, during which China was the world's most economically and culturally advanced nation.

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It is an accident of history that Europeans took advantage of their window of opportunity in the last half of the second millennium to take over the world.

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As their economic confidence grows, Asians are discovering pride in their own cultures and are less inclined to mimic Western ones.

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