[By Jiao Haiyang/China.org.cn]

The chieftains of global capitalism today have a mortal fear of the very possible future power of China's currency on the world market. Where the U.S. dollar was once the sole currency driving world trade, China's RMB is gaining strength as a new currency in international trade.

The captains of world commerce wax warmly each time China reports or projects lower growth figures. They quietly hope the recent loss of savings by Chinese pensioners will breed further negative spin-off across the board. However, they regretfully shudder with every reminder that China's growth figures still remain comparatively higher than the USA and the rest of the West.

Commercial critics also painfully regret the certainty that just as what goes up must come down, China's often-demonstrated ability to prudently manage itself out of previous near-crises does not allow for much success of Western hopes and dreams that the Chinese economy will somehow crash.

Worse, those in the know have also warned Washington that just as any slight shift in China affects world markets, any major problem in China will also have major global impact, no less in the USA than anywhere else.

The West can't be happy about China's quiet ability to maintain world peace while improving its necessary defense capabilities.

As a member of the U.N. Security Council, China has often demonstrated its ability to be a neutral peacemaker amid war-mongering fellow member-states always more ready to start than stop a war elsewhere. China's position in relation to existing military conflicts does not promote external interventions and Chinese troops are never deployed abroad to take sides in national conflicts.

For all these reasons and more, President Xi Jinping's visit to the USA, to again meet President Barack Obama and attend the 2015 UN General Assembly, can only result in a better appreciation of both countries by both leaders and indeed, the rest of the world. They will better appreciate each other's positions, and not only their interpretations, but the actual reality that exists on the world stage.

The author is a columnist with China.org.cn. For more information please visit: http://china.org.cn/opinion/earlbousquet.htm

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