JAPAN NEWS AND DISCUSSION
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mushroomcloud
The US has joint ventures with several Chinese state enterprises. Which means we can surmise that a US entity has a JV with a sub-branch of Norinco, or, Poly Technologies.
For example, CITIC is a state owned conglomerate. Yet one of their branches is Poly Technologies, maker of guided missiles and other forms of military hardware. Yet CITIC (Pacific) has a partnership with Walmart to fan out their chain of stores across China.
Get my drift?
Posted in: U.S. questions growing Chinese military power
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mushroomcloud
According to the Nov 2008 CRS report for Congress (see link above), China holds approx. $1.3 trillion of US Govt assets as of Sept, 2008.
Posted in: U.S. questions growing Chinese military power
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mushroomcloud
http://www.fas.org/sgp/crs/row/RL34314.pdf
Posted in: U.S. questions growing Chinese military power
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mushroomcloud
"What would those "other forms" be? I am not saying you are wrong, I am just not aware of them."
-Long-term US Treasury securities -Long-term US government agency securities -Long-term corporate securities (some of which are asset backed) -Equities (such as stocks) -Short-term debt.
Posted in: U.S. questions growing Chinese military power
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mushroomcloud
"China doesn't own $1 Trillion in treasuries. It owns about $780 Billion. Keep in mind that this is about 10% of the total."
Agreed. That's why I originally stated "and other forms of US debt securities".
Posted in: U.S. questions growing Chinese military power
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mushroomcloud
'No not really since the Chinese have to have a place to put all those dollars. What's ironic is the extent of imports from China that the US buys which permits China go build it's military.'
Did you know that much of the imports from China into the US come from factories set up thru US-China joint ventures? Both sides made plenty of money. Nothing ironic here.
Posted in: U.S. questions growing Chinese military power
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mushroomcloud
Isn't it ironic that the US questions the expansion of Chinese military power, yet accepts Chinese money to buy $1 trillion in US Treasuries and other forms of US debt securities, which in turn is used to fund the US military?
Posted in: U.S. questions growing Chinese military power
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mushroomcloud
It's pretty obvious that China, as the largest foreign shareholder of US debt, is making noise and protesting the horrendous way that the US has managed it's house. Any shareholder has the right to complain when they believe that their interest is being poorly managed.
“Chinese are quite concerned that the large U.S. government deficits will eventually lead to inflation, which will erode the purchasing power of the dollar-denominated financial assets which they hold,” Mr. Lardy said. “It is a legitimate concern.”
'While few analysts believe that the dollar will be replaced as the world’s dominant foreign exchange reserve anytime soon, the proposal suggests that China is preparing to assume a more influential role in the world. Russia recently made a similar proposal.'
http://www.nytimes.com/2009/03/24/world/asia/24china.html?_r=1
The Chinese do in fact need to think this through. Not buying anymore worthless US debt is a very plausible outcome.
Posted in: China calls for new global currency to replace dollar
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mushroomcloud
Japanese being only semi-literate in writing Chinese does not make them to be bona fide idiots. It just makes them permanently confused.
Perhaps if the Japanese simply invented their own language some 500 years ago, rather than copying the language of a dominant culture, they wouldn't find themselves in the bind that they are in today.
Posted in: Aso's reading blunders spark study spree
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mushroomcloud
I guess this means that alot of Japanese (and Korean) women think of themselves as rather ugly.
Posted in: Strong yen drawing Japanese women to S Korea for plastic surgery
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mushroomcloud
This moron will be replaced by yet another moron as Japan's economy spirals further downhill.
Posted in: Nakagawa seen 'misbehaving' at Vatican; Russian official says he acted like 'brain was turned off'
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mushroomcloud
Place your bets.
How many days, weeks, or months does Aso and his cabinet have before collapsing?
I really thought that Aso could last for 1 year.
Posted in: Opposition steps up pressure on Aso to resign
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mushroomcloud
I think everyone needs a little freshening up, both the US and Japan are up to their eyeballs in debt and need to work out a few consecutive miracles to pull themselves and the world economy out of the gutter.
Posted in: Japan-U.S. alliance needs freshening up
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mushroomcloud
'That's true. We trade with China too big time. But economics are economics, and security is security.'
Indeed, dead on right, Ossan.
The reason why China is more important to the United States: the US, in many ways, can control Japan as it is one of America's proxy states. China, on the other hand, is an independent state and is not under America's wing. Along with having a nuclear arsenal, largest ownership of US treasury debt, and 3rd largest economy (which will, within 2-3 years, be the 2nd largest, replacing Japan), it is a no brainer for the US to treat China with more importance than Japan. In addition, Japan lacks any strategic military power and has been a stagnant economic power for the past 20 years.
Shared values or not, Japan, as a benign, listless, and generally friendless power, cannot offer much to the United States other than exporting cars and providing funds to buy treasury bonds. Not sitting on the UNSC while China does exasperates the situation considerably. We have seen China out-maneuver and surpass Japan in so many instances over the past 5 years. It is time for Japan to fully recognize that they cannot play in the big power leagues, rather, they should devote their energies with improving the lot of their enormous elderly population, and take a leadership role in providing clean energy technologies.
Posted in: From military alliance to total alliance
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mushroomcloud
'Of course China is important to us, they are our most likely enemy in Asia. All the Asian nations that are allied with us do so because they are concerned about China.'
Yes, and most, if not all of the Asian nations allied with us also have China as their number 1 trading partner.
Posted in: From military alliance to total alliance
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mushroomcloud
This article is the perfect illustration of the insecurity Japan has due to China's rise.
With the whole world economy in the toilet, this is not the time to posture and divide, but to work together to solve this crisis. Meaning, the US really needs China to continue being their biggest creditor, along with Japan in 2nd place.
Posted in: From military alliance to total alliance
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mushroomcloud
It looks as though certain posters here spoke way too soon, and the article above is woefully out of date.
And I quote: "Chinese state television on Tuesday aired in full footage of a man hurling his shoes at China's premier during a trip to Britain"
http://news.yahoo.com/s/ap/20090203/aponreas/aschinabritainshoe;_ylt=AjYjwIVDYZU9A3OByqYmidkBxg8F
Posted in: What shoe? Chinese media silent on shoe toss
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mushroomcloud
This Davos speech will bed one of Aso's last efforts to show the world that Japan is indeed still somewhat relevant.
Aso will be out of office soon, as Japan's govt continues to play musical chairs for the PM spot, while perpetuating the image as the long-term laughing stock of Asia's few democracies.
Posted in: Media criticize Aso for mistakes during Davos speech
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mushroomcloud
"Obamalamadingdong and crew had better be careful not to piss of the chinese."
VOR, totally agree with your last post. At this point, the US has options that are few and far between. At the same time, China's investment options with it's huge pool of cash is limited as well.
Posted in: Obama administration's relations with China off to rocky start
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mushroomcloud
"Maybe.... but I still pray every night that China pulls all of it's money out of the US."
Whoa. I pray the opposite. If China does this, the US economy will take a deep dive and bring along the entire world economy along with it.
Not a good idea for anyone, and this includes China.
Posted in: Obama administration's relations with China off to rocky start