July 11, 2010 1 Comment
One is a superpower trying to fix its tattered and faltering economy and other if the emergent superpower producing almost everything at fraction of cost anyone else can.
They compete with each other, fight with each other on differnt issue but deep down the heart are aware that both need each other.
The bottom line is that China knows the biggest consumption driver is still USA and they hold over 2 trillion in US treasury bonds. Now China is stuck with those bonds since there is none it can sell them off since so one has enough cash to buy them.
So at least in the near future the love hate relationship will continue.
This is the Cold War 2.0 with different foundations of conflict….History indeed repeats itself !!!