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What I’m Reading: China Edition
Posted by Randy | March 03, 2010


Washington Times: China holds more U.S. debt than indicated.
Despite recent government reports that China's holdings of U.S. Treasury debt declined during the second half of last year, the Asian economic giant almost certainly owns far more Treasury securities than official statistics indicate. After peaking at $801.5 billion, China's holdings of U.S. Treasury securities declined to $755.4 billion at the year's end, dropping the communist power into the position of second-largest holder of Treasury debt after Japan's $768.8 billion, official government data reveal.

New York Times: China Warns U.S. Against Selling F-16s to Taiwan.
A top Chinese military official reaffirmed China’s resolve to punish the United States over its decision to sell weapons to Taiwan and suggested on Thursday that there would be even greater consequences should Washington fulfill a longstanding request by Taiwan for advanced fighter jets. 

Washington Times Op/Ed: Selling China the digital rope to hang us (Kevin Kearns).
U.S. policy toward China increasingly sounds like a spoof from "Saturday Night Live." Google has accused China of launching cyber-attacks on it and least 20 other companies. The Obama administration has all but implicated Beijing in a recent electronic warfare campaign against critical computer networks throughout the U.S. government, military and the broader economy. And for good measure, the Obama Pentagon has identified China's growing military might - powered by is burgeoning technological prowess - as a major threat to U.S. interests not only in East Asia, but also globally.

Washington Post: Poll shows concern about American influence waning as China's grows.
Facing high unemployment and a difficult economy, most Americans think the United States will have a smaller role in the world economy in the coming years, and many believe that while the 20th century may have been the "American Century," the 21st century will belong to China.

Reuters: China PLA officer urges challenging U.S. dominance.
China should build the world's strongest military and move swiftly to displace the United States as the global "champion," a Chinese PLA officer says in a new book reflecting swelling nationalist ambitions. "China's big goal in the 21st century is to become world number one, the top power," Liu writes in his newly published Chinese-language book, "The China Dream." 

Politics Daily: China, Iran Creating 'No-Go' Zones to Thwart U.S. Military Power.
During the Cold War, the Pentagon built the greatest naval and air forces the world had ever seen, endowing the United States with the superpower ability to land huge military forces anywhere in the world, at any time, whether invited in or not. But now the party's over. The United States, Pentagon strategists say, is quickly losing its ability to barge in without permission. Potential target countries and even some lukewarm allies are figuring out ingenious ways to blunt American power without trying to meet it head-on, using a combination of high-tech and low-tech jujitsu.

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  • Thomas Osmundson commented on 3/8/2010
    If it were not for you sending me this e-mail I woul not be aware of what has been going on concerning the national debt. We should not have debt and would not have debt if funds were made available before spending. Credit hurts our government, business, and individuals. Because of credit, items that are not necessary are quickly added to a list that are just not for the benefit of our nation, buninesses and individual well being. Those individuals loaning money produce no goods or services only money that is added to the cost of goods and services. For any government spending, taxes should be in place to pay for what is needed and the payers of that tax must vote for it and be held responsible for paying for that item or service. Socical Security has had money taken from it through the years. These withdrawls need to be made known and paid back with interest. That would solve one situation our nation has today. The national debt needs to be paid down by those who have benefited the most from the wealth of this country through tax reform until the national debt is paid off. With this money back in the hands of our citizens, our nation will be much more productive. Thank you for presenting issues through your e-mails. We have no national, state or local way of knowing what the issues are and what the pros and cons are in a timely manner. The public news media is a poor source for obtaining "fair and equal" reporting. The public is not informed , it is TOLD. Respectfully yours, Tom Osmundson
  • kate Last Name commented on 3/18/2010
    thank's www.startofsmart.ru
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