Re: Worrying times ahead? : Sun Nov 27, 2011 8:21 pm  

McLaren_Field wrote:

Thats the main point right there.

Why would they want to destroy economies who owe them so much money and in doing so destroy their own economy and world status ?

That's also why they have been cautiously offering financial help to Europe, because China does not want a break up of the Eurozone.

China has been running large trade surpluses over the past decade and a half and it has been saving these surpluses abroad through stocking up on American and European assets. To go to war on them would be like spending 15 years building up savings in a bank and then blowing your bank up.

Re: Worrying times ahead? : Sun Nov 27, 2011 8:26 pm  

All anyone had to do was look who posted the original and then who penned the article he linked to.

Dally & Max Hastings is surely a match made in hell

Re: Worrying times ahead? : Sun Nov 27, 2011 8:29 pm  

sally cinnamon wrote:

That's also why they have been cautiously offering financial help to Europe, because China does not want a break up of the Eurozone.

China has been running large trade surpluses over the past decade and a half and it has been saving these surpluses abroad through stocking up on American and European assets. To go to war on them would be like spending 15 years building up savings in a bank and then blowing your bank up.

Or to quote my Geordie fatha-in-lor, "Shittin in yer own cree"

Re: Worrying times ahead? : Mon Nov 28, 2011 6:01 pm  

The Chinese governmemt are pragmatic but when it comes to shortage of resouces and its people start to rise up it will do anything to retain power. With the global downturn, China may also see a downturn which will make its people get twitchy. So far as the US is concerned, if its economy doesn't improve then China will be seen as the cause - with the great trade imbalance.