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Originally posted by Silver Shadow
The Chinese could shut down the entire US economy like turning off a light switch.
LONDON, March 12 (Reuters) - Britain's ambassador to China said on Friday that Beijing risks isolation if it fails to join international efforts to impose sanctions on Iran over its nuclear programme.
Speaking via videolink from Beijing before a visit to the country by Foreign Secretary David Miliband, Sebastian Wood told a London briefing that Britain and China shared the same goals in preventing Iran from acquiring nuclear weapons.
"It's not in China's interests to find itself isolated from permanent members of the Security Council or the E3+3. It would damage China internationally," he said.
The Chinese could shut down the entire US economy like turning off a light switch.
Originally posted by Silver Shadow
America now must borrow over three billion dollars every single day, just to survive as a nation.
The Chinese could shut down the entire US economy like turning off a light switch.
Originally posted by jam321
If China knew they could destroy the US without firing a shot, they would have already done it.
There is a reason they haven't.
Originally posted by Silver Shadow
Ah ! You think like an American.
You naively assume that military conquest by brute force is the only way to ever own anything.
No work, no long term planning, no cleverness, just use weapons and deadly force to rob people.
But the Chinese are a lot smarter than that.
They are now going around and buying up resources all over the world using US dollars. They are not invading or plundering, but BUYING.
As a boy growing up in the Soviet Union, Sergey Brin witnessed the consequences of censorship. Now the Google Inc. co-founder is drawing on that experience in shaping the company's showdown with the Chinese government.
Mr. Brin has long been Google's moral compass on China-related issues, say people familiar with the matter. He expressed the greatest concern among decision makers, they say, about the compromises Google made when it launched its Chinese-language search engine, Google.cn, in 2006. He is now the guiding force behind Google's decision to stop filtering search results in China, say people familiar with the decision.
With Google’s future in China uncertain, Motorola and Microsoft cut a deal to put the software giant’s Bing search engine on Android handsets in China.
He pledged to "unswervingly" open the economy to outside investors and said foreign businesses were welcome to open businesses in China, especially research and development centers.
He didn't respond to the question's specific mention of Google Inc.'s threat to pull out of China over censorship and alleged cyber attacks and of concerns about China's detention last year of four executives from Anglo-Australian mining giant Rio Tinto on allegations of commercial espionage.
Premier Wen Jiabao Sunday warned other countries not to pressure China over its exchange-rate policy, and argued strongly that the yuan is not undervalued.
Speaking at his annual press conference at the close of the Chinese legislature's session, Mr. Wen was careful not to rule out the possibility that the yuan could resume rising, and he reiterated previous government statements that China intends to continue reforming its currency system.
“I don’t think the yuan is undervalued,” Wen said at a press conference in Beijing marking the end of China’s annual parliamentary meetings. Dollar volatility is a “big” concern and “I’m still worried” about China’s U.S. currency holdings, he said.
Wen urged America to “take concrete steps to reassure investors” about the safety of dollar assets, repeating concerns that he expressed a year ago, sparked by a growing U.S. fiscal deficit. Treasury Department figures show China’s holdings of Treasury securities dropped for a second month in December to $894.8 billion.
Nobel Prize-winning economist Paul Krugman said March 12 that global economic growth would be about 1.5 percentage points higher if China stopped restraining the value of its currency and running trade surpluses.