nakedempire


The American Empire in a Changing World



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Thursday, November 1, 2012

''China’s America problem''

a canadian perspective.............From Macleans

''The war of words highlights how high tensions are running on both sides. That’s because both countries are under intense economic pressure. America is trying to pull out of a crushing recession (and a debt of more than $16 trillion) and put millions back to work. China is desperate to maintain economic growth, the glue holding the country of 1.3 billion together, while in the midst of a difficult leadership transition (tarred by the Bo Xilai corruption scandal). Caught in the middle is a $503-billion trade relationship that’s emerged as a cornerstone of the global economy.''

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