World Cup record my :2010-06-18 ?Recently, the &quot;Washington Post&quot;, &quot;The Wall Street Journal&quot; and other American media to the global economic downturn, and China&#39;s economic growth to accelerate enhance the voice of international financial organizations, overseas mergers and acquisitions and other large-scale ground, issued a &quot;show of Chinese independence&quot; remarks, claiming that China is the biggest winner in the financial crisis. Indeed, China&#39;s economic leap forward in recent years is obvious to all, particularly the financial crisis, China contributed 50% of global economic growth over, but China really is the biggest winners? &quot;Left a growing outflow of wealth&quot; in China and other emerging economies to lead the global economy to remain behind the recovery process reflects the global interests and a huge imbalance in wealth distribution. ?Dollar system and U.S. financial hegemony is the source of imbalance in the distribution of global wealth. Recently, China&#39;s international financial organizations, although the right to vote has increased, but the reconstruction of the international financial situation and the international financial system, the process is still extremely difficult. Although the United States in the sole charge of the world financial order after years of power had to give him a small part of the country; although with the rise of the euro, China, Russia and India, the strength of emerging economies surged and lends his words demands But the dollar dominated currency hegemony and the international financial system has not changed. The reform of the international financial system, in fact, the United States do not want to &quot;beating&quot; type of reform, but want to do some &quot;minor repairs&quot; work, such as appropriate to strengthen supervision, limited increase in some countries in the International Monetary Fund Organization and the World Bank share. There are two insurmountable U.S. bottom line: First, no State may weaken the U.S. in the international financial system control; Second, any reform proposals must not undermine the pillars of the status of U.S. dollars, in this sense, it also determines the global economic imbalances pattern of real change can not happen. ?Since entering the 21st century, along with the world economy and changes in the pattern of international division of labor, global economic imbalances, especially the &quot;Sino-US economic imbalances,&quot; more and more serious. &quot;Sino-US economic imbalance&quot; is accused of the large U.S. current account deficit and China&#39;s huge current account imbalances between surpluses, and indeed this imbalance reflects a deeper level it is globalization and the context of international industrial transfer , a global financial center and the global manufacturing center in the international division of labor, and the imbalance between creditor and debtor rights and interests of the serious imbalance in the distribution. ?In recent decades, the world&#39;s major countries to gradually form a support for the real economy relies on trade division and financial division of the virtual economy, a new division of labor form. In this increasingly close È«Çò division system Zhong, while the global Shengchan greatly improve efficiency, Cu Jinliao world than 20 years of economic prosperity; the other hand, to make globalization a &quot;surplus&quot; Fenpeijieguo poor. The United States as the world&#39;s largest debtor, the debt has not formed its constraints, but as a tool for the United States to maintain financial hegemony. ?In fact, the U.S. international debt cycle depends on the two &quot;exchange&quot;: the trade channel delivery, financial channels back; financial channel delivery, trade channels return. The first exchange, the United States with growing revenues in foreign currency to purchase products to their needs, resources and services to maintain its low-cost, high quality of life, their performance for the U.S. trade deficit and current account deficit increased rapidly and to cover the trade deficit means more dollars to the world output; second &quot;exchange&quot; is that the dollar by buying dollars offshore financial assets back to the United States, the United States to its foreign trade deficit or current account deficit financing, to ensure the external payments, to achieve a long-term economic prosperity. ?In 2009, the U.S. federal government domestic debt of 8.6 trillion U.S. dollars, foreign debt was 3.7 trillion, accounting for 86% GDP ratio is 5.5 times revenue. In 2009, U.S. economic growth rate of -2.4% revenue growth rate of -10.0%. Even if the financial crisis highlights the failure of American power, a substantial decline in liquidity, the U.S. credit rating agencies have yet to make any adjustment of U.S. Treasury bonds. With Europe and the United States have the major economies out of recession and into recovery, the resurgence of market risk appetite, investors start to shift assets overseas by the United States, the euro zone to attract investors again become a major market affected, 2009 the first three quarters, appeared twenty years the United States since the net capital outflow situation, not only for the U.S. financial system has caused great damage, but also interrupt the cycle of the U.S. economy&#39;s international debt. ?USD United States must attract capital back, but in this case, the United States was a &quot;straw.&quot; Since last October, in Dubai the debt crisis, debt crisis surfaced five countries of Greece, the United States continued to reduce credit agencies Greece, Spain, Portugal, the credit rating on European debt crises continue to create instability, massive short the euro, the capital back to the United States a large number of local, the United States became the biggest winner. Including the United States treasury bonds, stocks and bonds of other organizations, including the wildly popular U.S. dollar assets. 10-year U.S. Treasury yields and 30-year U.S. Treasury yields have hit a new low. According to the latest U.S. Treasury International Capital Flows (TIC) data, as at the end of April this year, U.S. Treasury bonds held by foreign creditors amounted to 3.96 trillion U.S. dollars, increasing 1.87% the previous month. In which the top three creditors as China, Japan and the United Kingdom substantial holdings of U.S. Treasury bonds, respectively 900.2 billion U.S. dollars, 795.5 billion U.S. dollars and 321.2 billion U.S. dollars. Correspondingly, the U.S. national debt hit a record high of 13 trillion U.S. dollars, accounting for almost 90% of GDP. United States, over 90% of national wealth is borrowed still enjoy the highest national credit and the wealth of the world&#39;s largest bonus, this is not the world&#39;s largest Inequality? ?It seems China is the creditor countries to rethink and assess the status of the time, China&#39;s financial power to the creditors the right to speak into the country&#39;s financial and enhance ability to resist external pressure game.