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  • a matter of perspective
    Déjà vu

    "Throughout the whole of South East Asia, trade was focused on Malacca and dominated by the Chinese. China consumed a hundred times more spice than distant Europe, and the Chinese merchants not only controlled commodity and currency markets but property prices too, even amusement and gambling."

    The year, 1421

    Extract from: "1421” by G. Menzies


    1421


    A Chinese treasure ship of 1421 compared with the ship in which Columbus discovered the New World some 75 years later.

    Our perception of China is clouded by recent history. If we go back a little further we can fully appreciate the contribution that China has made to the World.

    chinese inventions (Source DKT China)

    Silk 2640BC  
    Fired stoneware 1500BC  
    Decimal system 1350BC  
    Cast iron 550BC  
    Iron plough 500BC  
    The crossbow 500BC  
    Magnetic compass 350BC  
    Paper 175BC   Sorting silk cocoons
    The wheel barrow 150BC  

    Stirrups   150AD
    Seismometer   175AD
    Woodblock printing   500AD
    Porcelain   500AD
    Gunpowder   600AD
    Paper money   850AD
    Abacus   1200AD

    A Mongol bomb thrown against a charging Japanese samurai during the Mongol invasions of Japan, 1281

    Cargo ships   1400AD


    the dragon returns to the 1st world

    GDP of 2014:
    China $US 10,360 billion
    United States $US 17,419 billion
    European Union $US 18,460 billion

    The Economist:

    "Totting it all up, we now see 2021 as the year of China’s re-emergence as the world’s biggest economy."

    However, China's new leadership is poised to allow slower growth as it tries to shake off the focus on exceptional levels of growth and put social progress and environmental welfare at the top of the nation's agenda.

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