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China Demands US Stop Meddling In Its Affairs, Wants Acceptance As World Power, Issues Thinly Veiled Threat

Tyler Durden's picture


It has been a while since political bickering over who can piss the farthest was an issue of global concern. Today, China communist party's mouthpiece People's Daily has released an essay in which the country once again resorts to thinly veiled threats against the US, and demands that not only the country's territorial demands in the South China Sea be uncontested, but that the US accept China as a global power , as the alternative could promptly generate the appearance of rocky relations between the two countries and "no one would like to see the negative
effects rocky relations would bring to China, the United States and
possibly to the world as a whole." Of course, with China the world's biggest creditor nation, and holder of anywhere between $800 billion and $1.2 trillion (assuming all that London flotsam is really Chinese stealth accumulation), Beijing can rest assured the essay has been duly noted. Of course, with the administration doing one wrong thing after another, it would not be at all surprising if the president's advisory henchmen seek to push the tenous relationship as far as it can go, and truly test the decoupling (this time it IS different, Jim O'Neill said so) hypothesis, however with nothing but downside if decoupling is finally proven true (breath holding not advised).

From People's Daily:

The U.S. government has repeatedly made
it clear that it would welcome China’s entrance into the world arena as
a power. However, a series of issues since the beginning of this year,
particularly Washington's stance on the U.S.-South Korean joint
military exercises and the South China Sea issue, have made the world
think: Is the United States ready to recognize China as a power on the
world stage?

It is easier said than done for the United States
to adapt itself to China's development. Lip service is far from enough
to boost the development of Sino-U.S. relations. If Washington cannot
find a way to recognize and accept China's peaceful rise onto the world
stage, bilateral ties will be like a roller coaster full of ups and
downs. However, no one would like to see the negative effects rocky
relations would bring to China, the United States and possibly to the
world as a whole.

U.S. Secretary of State Hillary Clinton has
urged China to play a greater role in solving the world's economic,
environmental and political problems. She said global issues could not
be solved by the United States or China alone, but without
participation of the two countries, no problems would likely be solved.
Washington has realized that the United States’ global interest can be
maintained only through changing the way it deals with China.

Obama administration released positive signals in its relations with
China, which have been interpreted as the United States showing its
intention to change the traditional strategy of engagement and
containment. As a matter of fact, the general direction of Sino-U.S.
relations provides a foundation on which the United States can base its
foreign policies and is more complicated than an adjustment in real
conditions. Issues such as arms sales to Taiwan, Google censorship, RMB
exchange rates as well as finger-pointing about economic responsibility
show Washington still seems confused and inpatient about relations with

The relationship between China and the United States is
the most important and complicated bilateral relationship in the world
this century. The development of Sino-U.S. relations will affect world
peace and stability, especially in the Asia-Pacific region. Ian
Bremmer, an American political scientist specializing in U.S. foreign
policy, said, "America and China will have more than ever to gain from
closer political and commercial ties, and must take steps to avoid a
Cold War, or worse."

In that circumstance, the United States
needs both wisdom and determination to recognize and accept China, a
country that is totally different from its own, as a power on the world


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Thu, 07/29/2010 - 07:08 | 493770 niubi
niubi's picture

not sure why you guys seem so focused on problems with China. US has totally outmaneuvered China diplomatically in last week, and all hysteria aside China is going to have to take it; heavy breathing just expected posturing. US may be weaker but it is not weak, and China and its neighbors in Asia all know this. 


Thu, 07/29/2010 - 07:09 | 493772 jkruffin
jkruffin's picture

Found this on Yazoo,  the truth never spoken better:


If you cross the North Korean border illegally you get 12 years hard
If you cross the Iranian border illegally you are detained indefinitely.
If you cross the Afghan border illegally, you get shot.
If you cross the Saudi Arabian border illegally you will be jailed.
If you cross the Chinese border illegally you may never be heard from
If you cross the Venezuelan border illegally you will be branded a spy
and your fate will be sealed.
If you cross the Mexican borders illegally you will jailed for two years.
If you cross the Cuban border illegally you will be thrown into political
prison to rot.

If you cross the United States border illegally you get:
1 - A job
2 - A driver's license
3 - A Social Security card
4 - Welfare
5 - Food stamps
6 - Credit cards
7 - Subsidized rent or a loan to buy a house
8 - Free education
9 - Free health care
10 - A lobbyist in Washington
11 - Billions of dollars in public documents printed in your language
12 - Millions of servicemen and women who are willing to - and do - die
for your right to the ways and means of our cons----ution
13 - And the right to carry the flag of your country - the one you walked
out on - while you call America racist and protest that you don't get
enough respect.

Thu, 07/29/2010 - 08:35 | 493831 idea_hamster
idea_hamster's picture

Don't be silly.  Undocumented workers in the US do not have some utopian life.

Just because someone typed it on the interwebz doesn't mean it's true.

Thu, 07/29/2010 - 08:41 | 493843 UGrev
UGrev's picture

That's pretty relative considering where they came from. 

Thu, 07/29/2010 - 08:51 | 493856 DarkAgeAhead
DarkAgeAhead's picture


Thu, 07/29/2010 - 09:49 | 493928 SheepDog-One
SheepDog-One's picture

Damn sure IS Utopia compared to where they all risk their lives to get here from, you damn twinkie-brain!

Thu, 07/29/2010 - 10:28 | 494013 russki standart
russki standart's picture

What the F@ck does this have to do with Chinese and US Relations?

Thu, 07/29/2010 - 07:11 | 493775 Mongo
Mongo's picture

Like kids on the school yard.

Thu, 07/29/2010 - 10:59 | 494071 Stevm30
Stevm30's picture

Exactly.  Except they have power over us.

Thu, 07/29/2010 - 07:14 | 493777 LeBalance
LeBalance's picture

"It has been a while since political bickering over who can piss the farthest was an issue of global concern."

Like 45 nanoseconds.

As in: WE are the BIGGEST creditor Nation and OURS is the perogative to rate YOUR worthiness.


And what follows (above) is just a beautiful step-up after the ROW powers crumbled and grasped (for their pen) and missed.

No one would "like" to see the rocky relations?

But that is where we are going!  Why else would we be all lined up about Iran getting ready to pull the plug?

Remember WWIII is neigh!

Thu, 07/29/2010 - 07:23 | 493781 primefool
primefool's picture

The relentless rise in the Yen during Asian trading hours in the past week or two - raises a question. Who?
Seems to me the chinese and allocating some of their dollar reserve to Yen? Just a wild hypothesis? any thoughts?

Thu, 07/29/2010 - 07:26 | 493782 primefool
primefool's picture

Asia is currently the most punch drunk,bubblicious region. property bubbles will do that. A big enough property bubble tends to convince people that they will be perpetually wealthy, no need to work, they have some special magic etc etc. ( silicon valley circa 1999 AD)

Thu, 07/29/2010 - 11:06 | 494090 grunion
grunion's picture


Thu, 07/29/2010 - 07:39 | 493788 reader2010
reader2010's picture

Why don't they send their aircraft carrier battle groups somewhere close to our waters? A nation doesn't just jerk off and say it wants to be a global superpower.

Thu, 07/29/2010 - 07:39 | 493791 primefool
primefool's picture

Holding trillions of paper financial assets issued by your strategic rival - while depending on your strategic rival to ship vast quatities of corn, soybeans etc.- is not a very clever strategy - is it?
The US needs China because.....? What we are short of ultra cheap manual labor? Just move on to bangladesh or latin america - ultra cheap manual labor is not a commodity in short supply.
Franky - the only thing the US needs from outside its borders in - Oil. And China is not a supplier. So - do we care?

Thu, 07/29/2010 - 07:47 | 493798 reader2010
reader2010's picture

as far as I can see, China only provides us with three items.

1) cheap labor

2) pollution dumping ground

3) cheap capital

China needs America more than America needs China.

Thu, 07/29/2010 - 13:38 | 494407 doggings
doggings's picture

what do you think would happen if the Chinese went "Fuck you yanks" and dumped all your debt and bought Gold & oil with it?

we'd see who needs who more then.

the arrogance of bankrupt drunks never ceases to amaze me.

Thu, 07/29/2010 - 14:03 | 494461 reader2010
reader2010's picture

You really think a huge chuck of our national debt?

they only hold somewhere around 14%. here is the fact:

Greenspan once said there would be no buyer if they decided to dump.



Thu, 07/29/2010 - 15:48 | 494772 malek
malek's picture

That 14% number seems correct, as you can cannot seriously count the FED or State and Local Governments as real "creditors."

But reader2010, aren't you contradicting yourself here:
If the Chinese only own 14% of our debt (and not more), shouldn't it be relatively easy to dump their holdings?

Thu, 07/29/2010 - 16:48 | 494948 Kayman
Kayman's picture

Well, first oil and gold would skyrocket, China would have to find how to feed its unemployed mobs with oil, gold and worthless paper.

The only reason China holds so much U.S. debt is the recycling of the price paid for all the worthless crap dumped on to the U.S. consumer through Chinese Wallmart.

Now go back to licking your balls on the couch.

Thu, 07/29/2010 - 22:10 | 495443 laosuwan
laosuwan's picture

what do you think would happen if the Chinese dumped all their debt and bought Gold & oil with it?


The price of gold and oil would increase and the value of the bonds would decrease; the chinese would only get cents on the dollar for their holdings of bonds. Not a good move so i would not look for it. Besides, they have more leverage over the usa as a creditor.

Thu, 07/29/2010 - 08:09 | 493808 laosuwan
laosuwan's picture

the usa would definately care if china buys ALL of the oil

Thu, 07/29/2010 - 12:18 | 494259 hedgeless_horseman
hedgeless_horseman's picture

...and CNC mills, screw machines, EDM machines, lathes, steel, copper, rubber, trauma medicine, lithium, etc. 

However, you need to change, "would definately care if," to, "should care that."

Thu, 07/29/2010 - 09:01 | 493865 spartan117
spartan117's picture

You forgot the most important thing the US imports from China - deflation.

Without China, the US will be in a stagflationary environment.  Oh wait.... nevermind.

Thu, 07/29/2010 - 17:05 | 494980 Kayman
Kayman's picture

Without China, the U.S. would have manufacturing jobs yielding high quality products that would last longer than the time it takes to pull the wrapper off.

The lowest purchase price per item is not the lowest price over time. 

China makes crap products and the U.S. consumer is ripped off.

I posit the U.S. consumer has lived and is living through hyper-inflation for having to repeatedly purchase products that have no lasting value.  

The fact that you have to purchase, again and again, lets say a "Chinese tarp" that won't even last a year, means we are living through hyper inflation.

That you must repeatedly purchase an item, over and over, means you are paying twice, three times, or even 10 times more than what it appears to be.

And don't forget the cost of fuel to return to the store, the cost of having to repeatly replace the item, and the lost American productivity when you ought to be doing something else.

Thu, 07/29/2010 - 10:09 | 493980 gmrpeabody
gmrpeabody's picture


Not that I am against better relations with China, but to be "junked" for expressing your view that perhaps China isn't really in the drivers seat, shows how even ZH readers can have blinders on.

Come to think of it..., maybe it would be just what the Doctor ordered, let them openly dump the dollar, and we finally rip off the bandaid to let the real heeling begin.

Thu, 07/29/2010 - 11:11 | 494103 grunion
grunion's picture

I beg your pardon, to which ZHer are you referring?

Thu, 07/29/2010 - 15:40 | 494748 gmrpeabody
gmrpeabody's picture

Not you.

Thu, 07/29/2010 - 15:08 | 494642 DR
DR's picture

China's buying of US paper is the tribute they pay for access to 1st world markets.

Thu, 07/29/2010 - 07:43 | 493797 primefool
primefool's picture

The US is generally considered an economic superpower because inter-alia we did invented/commercialized the following:
- electricity
-light bulb
-flying machines(aircraft)
-packaged foods, nice toilet paper

The China is now deemed to be the up and coming superpower because they invented/commercialized: ( please fill in the blank space below:

Thu, 07/29/2010 - 08:08 | 493807 laosuwan
laosuwan's picture

overtook Thailand as sex tourism destination

fine dining with endangered species

tainted milk

fake wine

coal mine safety

re-education camps

Intensive Mandarin for Tibetans

organic erectile dysfunction supplements (tiger balls, bear claws, etc) 

invented no party democracy

perfected concept of nation as giant noodle

Thu, 07/29/2010 - 10:12 | 493983 gmrpeabody
gmrpeabody's picture


Thu, 07/29/2010 - 11:13 | 494116 grunion
grunion's picture

...Reverse engineering and intellectual theft...

Thu, 07/29/2010 - 17:20 | 495008 Kayman
Kayman's picture

Zippity dooda, Zippity day.... (blank filled in)

The China of today, exists because:

1. the Chinese Communist Fascists need(ed) to hang on to power at any cost, so enslaving their worker bees (yeah, you're right, they already were enslaved)

2. American (purported) multinationals were at the ready to prostrate themselves to  transfer technology to the commie/fascists to gain short term profits. Long term these corporate idiots are destroying their own base and country of origin.  Even GE's Immelt was whining about how the commie/fascists didn't play fair.

Thu, 07/29/2010 - 22:06 | 495436 laosuwan
laosuwan's picture

BINGO! Nobody says it but China's power is solely due to the greed of US corporations who saw nothing but money to be made in china from  slave wages never realizing that the Chinese were only doing it to suck their technology and knowledge dry then kick them out with no repatriated profits.

Thu, 07/29/2010 - 07:49 | 493801 Johnny Dangereaux
Johnny Dangereaux's picture

Maybe they could trade their Treasurys for a few gun boats?

Thu, 07/29/2010 - 08:13 | 493810 laosuwan
laosuwan's picture

living here i really get the feeling the PLA is just itching for a fight. They really want to bring it on. Too many years of believing their own brainwashing to turn back now.

Thu, 07/29/2010 - 08:55 | 493862 Anarchist
Anarchist's picture

The US fought multiple direct and indirect wars against China. Millions of Chinese were killed. The US backed the Japanese invasion and occupation of Manchuria. The US backed the occupation of major Chinese cities by Britain and the Dutch. The US is now surrounding China with military bases and attacking it's suppliers like Iran, Burma, North Korea, Sudan, Venezuela ..etc.

So in your opinion the Chinese should not be pissed off that they know there will be a future conflict with the US.

Thu, 07/29/2010 - 17:35 | 495039 Kayman
Kayman's picture

The U.S. backed the Japanese invasion of Manuchuria ?? Maybe you ought to look up the facts. 

In the 1930's and 1940's the U.S. and China worked together under the umbrella of the "enemy of my enemy is my friend". Maybe you could check on the brave American pilots that flew weapons into China.

And don't forget all the planes and weapons flown through Alaska to the USSR.

Britain and the Europeans were in China centuries before U.S. foreign policy meant much of anything.


Thu, 07/29/2010 - 09:06 | 493875 DarkAgeAhead
DarkAgeAhead's picture

From my vantagepoint afar, they seem all in on this.  I just wonder what triggers and thresholds that their top leaders have identified as when to move.

My sense is that they may need to move sooner rather than later, if the information about their property bubble is true, as well as their ecological damage.

It is virtually always the ecological truth that disintegrates the complexity of centralized empires and cultures.  As China's environment worsens, faster, I hate to say, but my hope is that this knocks them back about 100 years.

If these stories are any indication, we're in good shape.  A "visionary" project, funded by the powers that be in China, to demonstrate its transformation into the world's foremost ecologically sustainable country.  Not so much.

Thu, 07/29/2010 - 08:23 | 493817 Chartist
Chartist's picture

The only think I really like about the chinese government is how they deal with government officials who break the law...And there's no lengthy time on death row waiting out the appeals process either.....We could take a lesson from them on that front.

Thu, 07/29/2010 - 10:16 | 493992 gmrpeabody
gmrpeabody's picture


Thu, 07/29/2010 - 09:27 | 493829 Paper CRUSHer
Paper CRUSHer's picture


"Hey,Sgt.Tyler they want us to surrender sir"

"What do'ya think Serg"

"Ok,here's the plan men,now listen carefully"

"I want you all to lay down your arms"

"What the F'***.....Shit,we gonna be sitting ducks..screw that Serg....."

"....QUITE trooper"

"Corporal,hand me that(Made in China) megaphone and hook it up to the loudspeakers"

"What you gonna do now Sgt.?.........."


"Holy shit, what the f*** did you do that for sir, now ya really pissed 'em off Serg"

"GET THE F*** OUTTA HERE!!!!!!!!!!"



Thu, 07/29/2010 - 17:42 | 495052 Kayman
Kayman's picture

And as the megaphone crumbled in Sargeant Tyler's hand a bright and devious idea crossed his mind. 

Knowing that the PLA had "made in China" weapons...

Thu, 07/29/2010 - 08:37 | 493833 idea_hamster
idea_hamster's picture

United States needs both wisdom and determination

HA HA HA -- oops.  I wet 'em!

Thu, 07/29/2010 - 12:22 | 494270's picture

And now for something completely different...

Thu, 07/29/2010 - 08:49 | 493852 Anarchist
Anarchist's picture

The US has been following a decades old plan to surround China and Russia. The goal is to steal Russia's resources and deprive China of access to it's supply lines. With these bases the US also plans on limiting the growth of India, Indonesia and all countries with large populations. The plan is dependent on the help of western EU countries like Germany, Britain, France..etc and the new eastern EU members. The deformation of NATO's and the EU's charters to allow using financial and military means to achieve these goals is also critical.

If the west cannot control the major sources of energy and minerals in the world via sanctions, bribery, coups, funding insurgencies in countries like Venezuela, China, Sudan, Iran ..etc it will be forced to use direct military action either invading the sources of commodities or cutting supply lines. Welcome to a redux of the West's colonial experiment in the 1800's.  

Look for cracks in the unity needed to achieve these goals. Germany cutting energy deals with Russia. The ex-Soviet republics being pulled back into Moscows orbit. China cutting energy deals with Iran.

Thu, 07/29/2010 - 09:30 | 493898 rolo
rolo's picture

Interesting viewpoint.  I don't doubt that China is dangerous to have as a foe and is intent on making its mark globally.  I also don't doubt that the US and the other western countries may have plans similar to the ones you outlined.

Which is why I am glad, to a certain extent, that China is around and getting stronger.  The world needs more balance, the west has had it too good for too long and they need to accept and deal with a more equal world.  This would be better for the world as a whole and could and should engender a more peaceful and cooperative environment.

Unless, of course, the west tries to assert itself again as the dominant power and starts pushing buttons, which it no doubt will.  It has been on top for a while and won't give up easily.

However, you can't stop the way things are going and if the East is smart, they will stick together and assert themselves sensibly.

Ultimately, the best outcome is a more egalitarian global climate and if China needs to smack the US down once in a while to get there, it may not be such a bad thing.

Thu, 07/29/2010 - 10:23 | 494003 gmrpeabody
gmrpeabody's picture

Jeezo, Rolo...., put some freaking pants on, would you! That was enough to make one want to puke.


Thu, 07/29/2010 - 10:36 | 494029 rolo
rolo's picture

Don't get the pants reference or why you would want to puke - but then I am in the UK so the US "humo(u)r" may be passing me by.

Keep it real...aight?

Thu, 07/29/2010 - 10:41 | 494041 suteibu
suteibu's picture

Best. Comeback. Ever

Thu, 07/29/2010 - 16:20 | 494863 gmrpeabody
gmrpeabody's picture

A failed attempt at humor, my apologies.

I was referring to the fact that your tone is that of an American apologist. You know...,( like hippies, swaying around a campfire)  a soccer mom in the big SUV with the progressive attitude, telling us all how we should live our lives, all the while, not having much of a  clue about where it all came from, and what sacrafices were made, or by whom. All she knows is that something has gone wrong, and it could never be anything of her doing, so it surely must be the fault of anybody with a differring point of view.

I guess we all fall victim to that finger pointing game from time to time, and when we do, hopefully we will have a buddy nearby to remind us to "get out of that skirt and put your pants back on." That's all.

But, come to find out, you aren't even an American and that goes a long way in explaining why you're not getting the humo(u)r. Which begs the question, shouldn't you be apologizing for your own empirical mis-adventures, before slamming us? What makes you think we even wanted this roll to begin with. Seems to me, we were drug kicking and screaming into it after having to bail your ass out of more than one scrape, but I digress.  

Fri, 07/30/2010 - 04:29 | 495655 rolo
rolo's picture

Honestly, I agree with you.  The European empires built up over time were basically designed to subjugate the indigenous people, take their resources, get rich off them and make the colonies poor.  This is what they did, and with an unbelievable level of arrogance.  For this, pretty much all european countries should be ashamed and apologize to those nations that were subjugated, but they won't, again because of arrogance.

But, we are talking about now and the state of the world as is.  Currently, the US is the one that throws its weight around consistently and with little thought for anyone that gets in their way.  So, my point is that there needs to be more balance in the world.  There should never be just one main superpower - you need a few - it keeps nations honest and stops them getting too carried away on their self-aggrandizing pursuit of power. 

Fri, 07/30/2010 - 10:36 | 496052 gmrpeabody
gmrpeabody's picture


Thu, 07/29/2010 - 10:42 | 494042 trav7777
trav7777's picture

yes, we need more despotic dictatorships destroying the environment.  Seriously, fuck you and China

what NEEDS to happen is for the USA to return to its core principles, NOT the ascendancy of a corrupt communist dictatorship.

Thu, 07/29/2010 - 10:49 | 494057 suteibu
suteibu's picture

And who has the power to stop them?  The American people?

Thu, 07/29/2010 - 11:14 | 494121 rolo
rolo's picture

First of all "trav", no need for the F U s.  But it does just highlight your and your argument's weakness.

You're not seriously going to push that environment angle, are you?  The US has been destroying the environment for decades.  Now that the East needs to grow to progress there is suddenly the "importance of the environment" on everyone's lips.

The US and the western world in general needs to learn some humility.  The way the world is going, they will have to do it, whether they like it or not. 

Thu, 07/29/2010 - 11:30 | 494151 Lets Hang Parliament
Lets Hang Parliament's picture

Rolo - I am told they dont do humility in Texas...EVER

Thu, 07/29/2010 - 12:09 | 494247 ZakuKommander
ZakuKommander's picture

Interestingly, Rolo, if the US were to return to core principles, it would give up its empire, give up its hegemon status, and stop meddling in foreign affairs.  

Unfortunately, those in the US who most fervently call for a return to core values are guilty of imperial triumphalism, the precise opposite of what the American Founding Fathers were "all about."

Thu, 07/29/2010 - 18:11 | 495131 Kayman
Kayman's picture

Gee Rolo

It was sure nice of those nasty Americans and the colonies to come to your rescue when Herr Hitler (oh yeah, another nice socialist dictator, oh my oh my) was kicking your ass. 

A lot of the U.S. environment was put into building weapons so you and all the other weak Europeans (including Joseph S.) could have your butts saved.

Oh yeah, I forgot to mention all the blood and lives sacrificed by Americans, Canadians and Australians during Britain's "moment of need".

You, sir, have some cheek...

Perhaps while you are passing out Humility, you could swallow a large load yourself.



Fri, 07/30/2010 - 04:34 | 495656 rolo
rolo's picture

I hear what you are saying and don't disagree with you.  I am more than willing to agree that humility is required (in fact I actually said the US and the western world needs some humility, not just the US).  I think we all appreciate the role that the US played in helping Europe out when it was needed.  It still doesn't negate my point that balance is needed in the world in order to prevent powerful countries getting carried away with their own sense of self-importance.


Thu, 07/29/2010 - 17:56 | 495094 Kayman
Kayman's picture

I'm not sure if its Anarchist or the Antichrist.

But at least you have a sense of humor- it is humor, isn't it ?

Why would the U.S. need minerals etc. when Corporate America has outsourced American jobs to China.

It is China that needs materials that it does not have.

The punch line in your joke is the godless Chicoms cozying up to the Iranian Theocracy.

There is no better example of " the enemy of my enemy is my friend"


Thu, 07/29/2010 - 12:14 | 494254 suteibu
suteibu's picture

From the Global Times, sister to the People's Daily:

Pressure to maintain an influence and guard against a rising China, the West is eager to cozy up to Vietnam and other Southeast Asian countries. Meanwhile, the Western media likes to poison Sino-Vietnamese ties by painting China as "an elephant" which can easily trample on the interest of Vietnam.Vietnam should also be careful about not becoming a chess piece for the US as it pursues a broader regional agenda.


China does not include Vietnam into its sphere of influence. The two countries are making an effort to build normal nation-to-nation relations.


The two can find ways to solve disputes peacefully and avoid being taken advantage of by other countries

Thu, 07/29/2010 - 13:48 | 494431 Grand Supercycle
Grand Supercycle's picture

DOW daily chart posted at blog, showing two megaphone wedges . . .

Thu, 07/29/2010 - 14:27 | 494517 Quantum Nucleonics
Quantum Nucleonics's picture

China ought to be careful how pissy they get with us.  It's easy enough to stop paying on the debt they hold.  Those of us concerned with Washington's reckless spending wouldn't mind a little funding crisis as a check on spending.  And, a trade embargo would do wonders for unemployment, after an admittedly painful transition period.

Thu, 07/29/2010 - 14:41 | 494551 ertyqway
ertyqway's picture

Hrm. Let's see... We spent decades accumulating stuff made by the Chinese and gave them a raftload of worthless paper in return.


Yeah. I can see how that would give them awesome cosmic power over us and lead to the instant transmogrification of a dirt-poor agrarian society into a global superpower.



Thu, 07/29/2010 - 15:07 | 494634 Anarchist
Anarchist's picture

China has cut long term economic deals with every commodity supplier in the 1st, 2nd and 3rd world. They pay for the commodities with money, long term loans, hospitals, airports, schools, machinery, weapons, food, highways ...etc.

The US has pissed off most of the commodity suppliers in the 3rd world by attempting to either steal their commodities outright, meddle with their internal affairs, fund insurgencies to topple their government or get the IMF and the World Bank to turn them into debt slaves. 

You are clueless if you think China only produces junk. Where do you think the factories are located that manufactures all the equipment and infrastructure used to build the modern China? Power plants, container ships, high speed rail, cars, bus, trucks, airplanes, computers ..etc. They are all built in China. Some are joint ventures with foreign firms but 5-10 years after the joint venture, dozens of Chinese companies sprout up and make their own versions.

Thu, 07/29/2010 - 18:27 | 495155 Kayman
Kayman's picture

That is the point Antichrist !!!

You move your plant and technology to China so they can copy what you are doing and become your competitor.

That, my friend, IS the strategy of the Chicom Fascists.  A fool's paradise.

Good luck with using Larceny for your long term competitive advantage.

And I beg to differ- China makes nothing of lasting value.


Thu, 07/29/2010 - 20:09 | 495304 Quantum Nucleonics
Quantum Nucleonics's picture

"China has cut long term economic deals with every commodity supplier in the 1st, 2nd and 3rd world."


No they haven't.  They buy oil at market prices just like everyone else.  They negotiate prices for iron ore with major producers annually.

Thu, 07/29/2010 - 18:53 | 495200 Cammy Le Flage
Cammy Le Flage's picture

China controls major trade routes including the Panama Canal and the largest shipping container port in this hemisphere right off our coast in Freeport Bahamas and NO the US is not allowed to do inspections.  And Cuba - a whole other story.   China has a long history and should not be so easily dismissed.   China never does "direct in your face" confrontation which is the US way.  They infiltrate.  Invasions are for them - long ago mistakes.  Their history is longer than ours.   Further, their geopolitcal relationships are not "in the papers" and cannot be readily identified.  China replaced US influence in Venezuala and the US failed miserably in its Latin American relations in the past 20 years.   China has more influence in South American than the US.   China has the US surrounded.   All we got left is guns and we can't blow the whole world up - that would be stupid.   Our military is stressed the max and our influence is waning.   China does not like direct big military action like Iraq, etc. because they have already been there done that.  As for they only make crap - not entirely true but welcome to know it all Americans who think the world revolves around the United States.

Thu, 07/29/2010 - 18:56 | 495206 Cammy Le Flage
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Oh and China always gets paid - one way or another but they always get paid.

Thu, 07/29/2010 - 19:17 | 495237 Cammy Le Flage
Cammy Le Flage's picture

And then there is Baha Mar in Nassau:

This deal was going to be done with Harrah's (Vegas) but now:

The Baha Mar deal has been under negotiation with Chinese investors since April 2008. Earlier this year, a Chinese bank arranged $2.5 billion in financing, and Beijing's state-owned construction corporation signed on to build the project, which would include six hotels with nearly 3,500 rooms and condos.

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