And just as in China, financial repression will persist and distort the allocation of capital.
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And just as the rise of China is a straight-line projection of current economic trends, American decline is a straight-line projection of the fearful, pessimistic mood of a country war-weary and in the grip of a severe recession.
The danger is that spats and rows will sour relations between China and America, just as the friendship between Germany and Britain crumbled in the decades before the first world war.
You go instead to the small, ramshackle, often unregulated workshops, often away from the big cities, where conditions are as inefficient and sometimes as unsafe as they were when China was just beginning to industrialize.
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And dollar debt remains just as important to China, even if it is buying less US Treasurys.
And as they do so, they could break up the now-private company and grab parts of it, just as they are doing to Zhejiang Glass and other businesses across China.
Soon, Hu and Wen will be confronted with the reality that China needs a sustainable economic model, just as Deng and his colleagues 30 years ago faced the inescapable evidence of the failure of Maoist economics.
Just as China can compete freely and fairly in America, so our goods and services should be able to complete freely and fairly in China.
Note each foreign central bank such as China, India and Russia just to name 3 of the BRIC aristos, who continue to amass gold as a currency reserve instead of the dollar or the euro.
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As China progresses and urbanises, its demography increasingly mimics that of the Tigers, just as they now resemble Japan.
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And just as I'm impressed by these signs of China's journey to the 21st century, I'm eager to see those ancient places that speak to us from China's distant past.
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But the truth is that, just as China sees itself as the centre of the universe, so does America, and America in election mood cares little for the outside world.
They must choose from a list of "experts" to which every state party to the convention -- not just China and Russia but other unfriendly nations such as Cuba and Burma -- can contribute.
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The upshot is that the U.S. external financing deficit may actually grow at just the same time as China's ability and appetite to fund it evaporates.
Doing business in China is just as difficult as always, and perhaps even more so.
Spain, China and others have been less vocal, but just as uncomfortable.
The PLA might also make some offensive moves near the islands that Taiwan's troops occupy just off China's coast, such as Quemoy and Matsu.
And just as Europe needs to make structural changes to engineer a recovery, China must fundamentally transform its economy if it wants to increase consumption.
Just as worryingly, communication between China's leadership and the PLA appeared to Americans to be faulty, of which a striking indication came while Mr Gates was in Beijing.
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Called Made in America, Again, it focused on China and concluded that by 2015 it will be just as cheap for companies to produce goods with a high labour content in the US as it is in China.
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The fast-approaching end of the U.S. space shuttle program is about to leave America entirely dependent on its international partners to carry astronauts to and from space for the foreseeable future, just as a tenuous relationship with China whose space program is advancing rapidly hits an all-time low in the area of space exploration, says CBS News.
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Just as central banks in China, India, Russia and many other nations view gold as a monetary reserve protection against the falling dollar, major academic institutions are looking for new asset classes like precious metals and commodities to produce returns that can be put to work as a source of funds for a large portion of college operating expenses.
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What I see instead: a pattern of using China Business Problem Solvers (Painkillers), while keeping long term strategy as a separate process, and wishing fervently that China could just be easier.
America conducts surveillance activities just outside China's territorial waters that Beijing views as hostile and degrading.
All this, it is feared, will dent the profits of big oil and mining firms, stoke inflation and imperil the West's access to resources that it needs just as much as China does.
It is an event that would have literally been impossible just a few decades ago and one that underscores the rising importance of China as a source of growth for many global industries, including sports.
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If current growth trends continue, this center will move in another three decades to a resting point between India and China just about where Singapore is, meaning its potential as the world's economic center may not even be fully realized.
In emerging nations such as China and India, where a college education was a rarity just a generation ago, tens of thousands of students graduate each year from universities that are on par with the best in the world.
China would be just as pleased with western communications, radar and other technologies as with more obviously offensive weapons.
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