facebook
twitter
rss
account
search
search

China marked the 60th anniversary of the assumption of power by the Communist Party with a huge parade that show cased its military might.

The ceremonies centered on Tiananmen Square where, on Oct. 1, 1949, Mao Zedong declared the establishment of the People's Republic of China.

The parade with an estimated 100,000 participants showed off military hardware and serves as a reminder the world's most populous country -- 1.3 billion -- can field an important army in the traditional sense of military power.

But China's true strength wasn't seen on the parade grounds. Instead, it is inked in ledger books where the figures show Beijing holds considerable international sway economically. The United States is particularly vulnerable along this line as China in recent years has amassed more than $1 trillion in U.S. dollars in its foreign reserves (and another $1 trillion in other currencies).

7 of 40
China's Airforce participate in a massive military parade celebrating the 60th anniversary of the founding of Communist China, in Beijing October 1, 2009. UPI/Stephen Shaver
| License Photo
More Collections
2014: Celebrity Families
2014: Celebrity Families
2014: Celebrity Couples
2014: Celebrity Couples
2014: Celebrity Breakups and divorces
2014: Celebrity Breakups and divorces
2014: Swim Week Miami Beach
2014: Swim Week Miami Beach
2014: The Year in Music
2014: The Year in Music
Notable deaths of 2014
Notable deaths of 2014
Most Popular
1
Jennifer Aniston and Justin Theroux have set a wedding date Jennifer Aniston and Justin Theroux have set a wedding date
2
Erin Andrews has awkward interview with SF Giants' Hunter Pence Erin Andrews has awkward interview with SF Giants' Hunter Pence
3
New Jersey man caught selling 'Ebola' heroin New Jersey man caught selling 'Ebola' heroin
4
Destroyers with ballistic missile defense capability heading to Japan Destroyers with ballistic missile defense capability heading to Japan
5
Kimberly Guilfoyle: young women should be 'excused' from voting to go on Tinder Kimberly Guilfoyle: young women should be 'excused' from voting to go on Tinder
x
Feedback