Oil ans US/China Relations

Henry C.K. Liu hliu at mindspring.com
Wed Jun 16 18:45:35 PDT 1999


SCMP Thursday, June 17, 1999

ANALYSIS

Fattening up China

JOE BARNES and AMY JAFFE

Two recent events - the revelation of Chinese

spying on America's nuclear programme and

the sharp Chinese response to Nato's

accidental bombing of their embassy in

Belgrade - have brought Washington-Beijing

relations to a new nadir.

The top leadership in both countries appears

committed to the maintenance of civil bilateral

ties. But the current tension has clearly played

into the hands of those on both sides of the

Pacific who have long believed that conflict

between the United States and China is

inevitable.

There is a real risk that today's recrimination

could spiral out of control. This would

certainly be the case if Washington, as some

have suggested, were to block Beijing's

membership in the World Trade Organisation

and revoke its Most Favoured Nation trading

status.

Either step would be foolish for a very simple

reason: China's continuing integration into the

world economy is in America's national

interest.

This has nothing to do with the economic

advantages that accrue to American consumers

by the availability of inexpensive Chinese

goods or to businessmen by access to Chinese

markets - though these advantages are no

doubt real. Nor does it depend on the idea,

plausible though it may be, that Chinese

economic liberalisation will in time lead to a

more democratic and co-operative regime in

Beijing.

The argument is much simpler: growing

Chinese integration raises - immensely - the

costs to Beijing of any conflict with the US.

And the reason is just as simple: the legitimacy

of the regime in Beijing - long since only

nominally Marxist - has become dependent on

creating higher living standards for its citizens.

This fact places real constraints on Beijing's

freedom of international action. For instance,

an attempted invasion of Taiwan, particularly

if contested by the US, would surely lead to a

disruption if not suspension of China's

international trade as well as a stampede of

foreign investors fleeing a war zone.

The result for the Chinese economy would

range from the severe to the catastrophic.

An attack on Taiwan, admittedly, may still

occur. The recent demonstrations in China

clearly indicate that nationalist sentiment

remains powerful. And there is no area where

Chinese nationalism is more fervent than

Taiwan. But, other things being equal, the

economic costs of a move against Taiwan

should decrease the likelihood of it occurring.

There is also an important new development in

China's economy: its growing dependence on

imported oil. Beijing's imports, driven by

economic growth, now run between 500,000

and 700,000 barrels per day. They could rise

to the two to four million range by 2010.

This state of affairs will make China more, not

less vulnerable, to US military action, given

America's control of international sea-lanes and

ability to project power into the Persian Gulf.

American critics argue - rightly - that

integrating China into the world economy will

provide Beijing the means to upgrade its

military capability. But that capability is

decades away from matching that of the US,

particularly in the naval and aviation spheres.

It is one thing to steal nuclear secrets and use

them, as Beijing appears to have done, to

upgrade a few dozen intercontinental ballistic

missiles. It is another thing altogether to create

the complex and expensive mix of specialised

vessels, advanced aircraft, state of the art

technology and highly trained personnel that

constitute a carrier task force.

Beijing need not, of course, match US

capabilities to play the role of a spoiler - by

disrupting sea-lanes in the South China Sea,

say, or fomenting disputes in the Persian Gulf.

But, increasingly, China can play such a role

only by damaging its own interests as well.

Whether Beijing likes it or not, China's

commitment to high-growth has created a

convergence of US and Chinese interests in the

Persian Gulf and elsewhere.

This is what sets China today apart from the

Soviet Union following World War II - and

what makes talk of a new Cold War both

inaccurate and alarmist.

Moscow, its legitimacy staked on ideological

purity and committed to a policy of economic

autarky within its own bloc, faced far fewer

constraints in confronting the US than China

does today. In particular, the Soviet Union as

an oil exporter actually stood to gain by

conflict in the Persian Gulf; the opposite holds

true for China today and even more so in the

future.

At a more fundamental level, Moscow sought

power by attempting to create an alternate

international system to the one the US

dominated; China, in contrast, is trying to

succeed within that system.

For Americans, the consequences of this state

of affairs are clear: a richer China is, ironically,

a more compliant China, if only because it is

more vulnerable. And the surest road to

Chinese prosperity is through closer integration

in the world economy.

Neither the recent spy scandal nor the fallout

from America's tragic mistake in Belgrade

should blind the US to this truth.

Joe Barnes is a US foreign policy analyst and

Amy Jaffe, the senior energy analyst at the

James A. Baker III Institute for Public Policy

of Rice University.



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