Wednesday, December 4, 2013

China’s Official News Outlet: “World Should Start Considering a De-Americanized World”

Geopolitical events are usually bullish for US Treasuries, as investors take refuge in US Government debt. But not when such events directly involve the US — the world’s second largest economy — and its allies on the one side, and China, the world’s second largest economy and a major holder of US Treasuries, on the other.
In this case, the geopolitical event – an air standoff — may roil US Treasuries, if it turns into a financial standoff.
From Tehran to Tokyo, U.S. Geo-Strategic Shifts in Motion
From the Middle East to the East China Sea, the last week’s events have offered a particularly vivid example of the much-heralded shift in foreign policy priorities under the administration of President Barack Obama.
But, taken in combination, September’s last-minute U.S.-Russian accord that effectively averted a U.S. strike against Syria, last week’s nuclear agreement with Iran, and Rice’s message to Karzai clearly convey the message Obama is indeed determined to minimize U.S. military commitments and resources in the region to free them up for use elsewhere.
In that context, Tuesday’s B-52 flights over the Senkaku/Diaoyu islands appeared designed to highlight that impression.
Japan, US to coordinate stance on China’s air zone expansion
“We want to hold consultation with US Vice President Biden who will visit Japan this week and deal with the matter by coordinating closely between Japan and the United States,” Abe said.
The Pentagon has indicated that American military forces would continue normal operations, despite China scrambling fighter jets to monitor US and Japanese aircraft in the zone.
And they’re off…
China Launches Moon Rover Mission
China’s military drives the country’s space program, and that has caused wariness among Western governments. Suspicions have been magnified by allegations that China has stolen information for its space and missile programs. Congress passed a law in 2011 that bans the National Aeronautics and Space Administration from developing bilateral contacts with China, although multilateral contacts are not proscribed.
But China’s program has reached a point where deeper cooperation with the United States or Russia would make little difference, said Gregory Kulacki, China project manager at the Union of Concerned Scientists. He nonetheless supports closer contacts to foster cooperation and reduce mistrust. “They don’t really need to rely on any outside sources to continue to make the progress that they’re making,” Mr. Kulacki said.
China’s an opportunity, not a threat, gushes Cameron:
The Prime Minister, who is leading Britain’s largest ever trade delegation to China, suggests the country is on the brink of becoming the leading global economic superpower and it is pointless to see it as a ‘threat’.
Melrox

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