Albert Di Salvo
DP Veteran
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- Oct 27, 2009
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Chinese President Hu will sign several deals while in America. He will sign a deal with GE to acquire jet engines for civilian aircraft. These engines will be reverse engineered because China is not able to develop a high quality jet engine of its own. These engines will be crucial to developing an indigenous Chinese aircraft industry. This is bad news for Boeing.
Chinese President Hu Jintao says the U.S. and China must respect each other's sovereignty, territorial integrity and development interests.
Hu's opening comments at a joint news conference with President Barack Obama at the White House focused on areas of cooperation between the two world powers, their common interests and mutual economic and security benefits to be gained.
But Hu's emphasis on China's sovereignty was an indication that there are areas where China will be unwilling to bend to U.S. interests.
Hu: US, China must respect sovereignty - Yahoo! News
and what will our rodney dangerfield's reaction be this time?
utter impotence
What would you suggest
What would you suggest, going to war with China?
In general I'd agree - but America is not up to the task of playing China's game and winning. If we play their game with the people we have today - we'll leave the table the big loser with no clothes and married to North Korea. But then again, to play a game, you need at least 2 - and China is a part of it. America is best served by taking our game, and going home.America's problem isn't China. The problem is that the character of the American people has changed. Because of these changes there is no really effective action the US can take. But if the American people were up to it this is what I would do.
Play China's game. Know your enemy. Know their fears. China's leadership has much to fear. Use their fear as leverage.
In general I'd agree - but America is not up to the task of playing China's game and winning. If we play their game with the people we have today - we'll leave the table the big loser with no clothes and married to North Korea. But then again, to play a game, you need at least 2 - and China is a part of it. America is best served by taking our game, and going home.
Obama's throwing a lavish dinner tonight for his Chinese guests.
They must thinking, "Is this what they do with the money we give them?"
Of course, dinner's on Hu tonight because our credit card is maxed.
I don't see it as 'China' devaluing the dollar... this is more likely a RESULT of dollar devaluation caused by the injection of at least 28 TRILLION in promises because of TARP. Now, the Federal reserve has been buying it's own bonds, it calls this 'quantitative easing' and version 2... with rumors of QE3...
The Chinese are NOT stupid, they see what the Americans are trying to do to get out of their bind...
I think you are underestimating the position China is ALREADY in... and in terms of war power... the US army can hardly handle the Iraqi and Afghan resistance, nevermind if the Chinese became aggressive.
Meanwhile... at least in relative terms, the US is dying.
The Chinese papers are emphasizing this as a meeting of equals. The Party is using this staged nonsense to confer legitimacy on the Chinese political system. Even America recognizes the power of China under the guidance of the Chinese Communist Party. What have Hu and Obama accomplished? What great treaties have they signed? Big effen deal. Screw both the Party and our Fearless Leader.
Did he seriously just use the not-a-missile as evidence of China's power?
Welcome to the Nixon years...
This is just another reason why all of us should refuse to buy crap that is made in China and tell our retailers that we want them to stock American made products.
It starts with us.
Buy American because it puts people back to work and brings manufacturing jobs back to the USA.
Unfortunately manufacturing jobs probably aren't going to come back to the US since the US seems to have become a service economy with a lot of it in finance.
Here is what I think you guys are missing. China's whole economy is so manipulated and their currency suppressed that most manufacturers there, at least those state-owned, are only making a 7% profit. Now, the reason that Hu is only going to allow the yuan to increase in value slowly, is because to do otherwise would quickly wipe-out these profits and cause massive lay-offs in the country. The yuan is estimated to be undervalued at 20%, thus only by moving slowly can China allow their manufacturers to raise the cost of their products as the yuan rises. If they raised it all at once, then the mass job loss would undermine the governments legitimacy which is a very big deal in China. The government must prove that it is legitimate by providing jobs and a stable economy. Now, US manufcturers there will certainly be upset that the yuan will be on the rise and will also start moving out as wages and the cost of business in the country rises. That is why Hu is resisting, their feeble system, while appearing very strong and on the rise from the outside, would take very little to completely collapse.
Do you think not? I forsee a time in the future when every nation that can maintain a consumer base will have one, and that each nation will manufacture the majority of the products it consumes itself. This will be due to the eventual increase in the cost of transporting goods that will occur as we begin to run short on oil. Thus, at some point the cost of exporting/importing will be too great and cause each nation to become self-sustaining in the realm of manufacturing.
I don't know about you, but having China as 'Sheriff' isn't gonna be a good thing for the majority of people that it affects.
I do actually agree with this.
I just can't believe everyone is just sitting back and watching Obama give away the US's future to China... not that McCain would have done any different, but this is literally the last peg stopping the US from becoming of third world status.
I do think that when the US economy does take it's final plunge that unless China is very careful they will destabilize simultaneously... I would expect that such a shift will have an impact the world over.
What's in your koolaid? China has the worst valuation in the modern world! And now they are going into deep inflation from their arrogant idiocy of building skyscrapers and other childish bull****. They're doing the same thing the Japanese did with their NEW monry. Nobody but idiots (Russians) want their currency. The dollar is going no where, and the US is still Matt Dillon regardless of the trillions.
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