Free Republic

...... ..... Only by using special means to “clean up” America will we be able to lead the Chinese people there. This is the only choice left for us. This is not a matter of whether we are willing to do it or not. What kind of special means is there available for us to “clean up” America? Conventional weapons such as fighters, canons, missiles and battleships won’t do; neither will highly destructive weapons such as nuclear weapons. We are not as foolish as to want to perish together with America by using nuclear weapons, despite the fact that we...

China has been selling its relatively cheap but lower quality products with ease both to US and EU. With US, China is running a trade deficit of about $100 billion a year. A similar trade deficit exists with the EU. The Chinese do not feel obliged to balance the trade. They use FDI and dollar reserves in US and elsewhere as a tool to enhance their trade position. Though the US does not like it, only recently it has started to flex its muscles. Trade imbalance discussions have been going on for the last five years but the US took...

Market impact -- THE CENTER FOR SECURITY POLICY Friday, July 15, 2005 As reported by Bloomberg News, China National Offshore Oil Corporation (CNOOC) stocks fell following Center for Security Policy President Frank Gaffney's testimony Wednesday before the House Armed Services Committee that called attention to the adverse economic and national security implications of CNOOC's $18.5 billion bid to purchase Unocal. Gaffney pointed out that the PRC's play for Unocal's energy and rare earth mineral assets is hardly a normal commercial transaction, but rather part of Beijing's long-term plan to dominate strategic energy resources, materials, minerals and technologies in order to...