Sunday, June 03, 2007

[u.s. and china] circling like sharks

So Washington is clearly a little worried about the future:

US Defence Secretary strikes conciliatory tone toward Beijing, saying the US and China have the opportunity to "build trust over time".

China's not interested:

China is the new giant on the block, with enormous resources at its disposal. An exporting powerhouse, China displaced the United States last year as the largest exporter to the European Union.

And you know, of course, that the North Pole is now Chinese:

Chinese scientist Liu Shaochuang planted his national flag at the North Pole on Saturday after successfully completing a 56-day odyssey to become the first Chinese to reach the pole alone on foot.

However, all is not necessarily well:

All major Asian stock markets except Bangkok fell on Wednesday after a slump in China's shares triggered by the tripling of the stamp tax on securities transactions.

But analysts believe the impact of the increase will be limited, causing a correction in the short term as the Chinese government does not want to see a big plunge ahead of the Communist Party's 17th National Congress this autumn.

The thing is, it might have Might, China, but it still lacks Knowhow. The U.S. has more to fear from the CFR at this moment than it does outside the country.

2 comments:

  1. Some great facts here James.
    The last mention being of big-time concern in my opinion...

    ReplyDelete
  2. They have a lot ofknow how and you can buy more especially as us Westerners are more than willing to sell it. The Middle east has been buying our skills for decades. Wonder how they will be doing now as we look at them in a different light.

    ReplyDelete

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