Recently the Pentagon released a report on the growing military buildup of China and boldly predicted that
The Chinese have also been systematically working to obtain US military and industrial technology at any cost over the last 50 years but even more so since they were given a helping hand in the late 90’s by then President Clinton and his administration. The reports that a state-owned Chinese oil company wants to purchase Unocal and that another Chinese company has made a bid for Maytag coupled with this spring’s sale of IBM’s personal computing division to Lenovo Group certainly signals a willingness by the Chinese to put their money where their mouth is.
As great as this country is, faced with a militarily and economically hostile
Now that I have laid out the “bad news”, you might be asking yourself what we should do. Well, I am going to suggest a few things that could help even the score. First thing we absolutely must do is convince the Chinese to loosen control over their currency and allow it move with the rest of the world’s currencies on the open market. Second, through our own fiscal policies we have to draw foreign investment to the
If we make those efforts, the Chinese will be forced to continue and deal with us as an equal. However if they feel at any moment that we are inferior to them on any significant level then I am afraid there will be some rough times ahead for this country. The most important factor is that while we deal with other threats around the globe, we continue to press the Chinese for their involvement and not take our eyes off them. Remember the Chinese take the long view on everything they do, sometimes looking down the road decades in advance, and are an incredibly patient people. Well that is all for now, have a great day everyone. Check back during the day as I may be posting on a few other topics I have done a little research on.