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China is simply too big and too central to be ostracised. My point is that China is now so big and it is going to grow so large, it will have no prec… - Paul Keating
" "China is simply too big and too central to be ostracised. My point is that China is now so big and it is going to grow so large, it will have no precedents in modern social economic history.... we haven’t come to a point of accommodation where it acknowledges China’s pre-eminence in east Asia and the Asian mainland, in which case we can start to move towards a sensible relationship again with China.
The key point is – is the rise of China legitimate? Is taking 20 per cent of humanity – 1.4 billion people – from abject poverty something the world should welcome? And in our terms, it has completely remodelled the Australian economy. If we give China the recognition I believe it is due in terms of its legitimacy … then I think a lot of these issues, the so-called 14 points, sort of fall off the table.... We have no relationship with Beijing, so why would the Prime Minister of Malaysia or Singapore or Thailand talk to us about east Asia when we are non-speakers with the biggest power, the Chinese?
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About Paul Keating
Paul John Keating (born 18 January 1944) is an Australian politician who was the 24th Prime Minister of Australia from 1991 to 1996. As member of the Australian Labor Party (ALP), he previously served as treasurer of Australia from 1983 to 1991 and as deputy prime minister of Australia from 1990 to 1991. As Prime Minister, he won an "unwinnable" election in 1993. He left school at the age of 14, joined the Labor Party at the same age, served a term as State President of Young Labor and worked as a research assistant for a trade union. Elected to the Australian House of Representatives at the age of 25, he came to be seen as the leader of the Labor Right faction, and developed a reputation as a talented and fierce parliamentary performer.
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Paul John Keating
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The Honourable Paul Keating
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Additional quotes by Paul Keating
In October 2020, the IMF in its annual report nominated China as the world’s largest economy. It says China’s economy is now 20% larger than the United States, 24tn versus 20tn – a report which was endorsed by the CIA. So you have the IMF and the CIA out there saying China is 20% bigger than the United States now. These are the key numbers. American GDP per capita is $60,000. China’s GDP per capita is $10,000. But as China is moving out of its old model of cheap manufactured goods, their income is going to rise. But at 10,000 US dollars per capita, China is 20% bigger than the US. How many years is it going to take China to get to 20,000? Not 60 … but with the highly urbanised economy of theirs, it will take a decade, perhaps. If it gets to $20,000 US per capita, it will be 2.5 times bigger than the United States. To which the United States says: “That is all very interesting but, look, if you behave yourselves, you Chinese, you can be a stakeholder in our system.” And you would not have to be Xi Jinping to take the view, if you are a Chinese nationalist, “let me get this right, we are already 1.25 times bigger than you, we will soon be twice as big as you and we may be 2.5 times as big as you, but we can be a stakeholder in your system, is that it?” It would make a cat laugh.
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