Wednesday, February 10, 2010

Senior Chinese Military Officers Propose Selling U.S. Debt

Senior Chinese military officers have suggested that China sell off some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan. Senior Chinese Military Officers Propose Selling U.S. Debt

According to Reuters, the calls for retaliation came from officers at China’s National Defence University and Academy of Military Sciences.

“Our retaliation should not be restricted to merely military matters, and we should adopt a strategic package of counter-punches covering politics, military affairs, diplomacy and economics to treat both the symptoms and root cause of this disease,” said Luo Yuan, a researcher at the Academy of Military Sciences.

“Just like two people rowing a boat, if the United States first throws the strokes into chaos, then so must we.”

While these threats don’t represent fixed government policy, the open demands for retaliation clearly underscore the domestic pressures on Beijing to deliver on its threats to punish the White House over the arms sales.

bron: wallstreetpit.com [9-2-2010]

[Via http://wocview.wordpress.com]

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