China Issues Warning on Dalai Lama Trip
Quote:
Originally Posted by Psycho4Bud
And if we quit buying their goods them bonds won't last for long...without sales to the U.S. their economy is screwed also.
Have a good one!:s4:
Without sales to the US, their economy would be more than screwed. They'd nosedive into a depression so fast it would make your head swim. And there's no way they could recover in the foreseeable future because the rest of Asia would step in to fill their place.
...and, if push came to shove, China would be forced to float the Yuan on the world currency market, effectively doubling the cost of all their exports to everywhere in the world - again allowing the rest of Asia to more effectively compete against them.
In China, one of the most important aspects of life is the concept of "face". Essentially, the worst thing that can happen to a person is to be embarrassed or belittled or in any way publicly made to look bad. They are dead-ass serious about face and often contort the facts of situations just to suit the purpose of never losing face. So, Hu will make a few bad-ass public statements, showing that he stood up to the President of the United States, and that will be the end of it.
...and the Chinese people know who is fueling their economy and they don't want to rock the boat, so Hu saves face and everybody's happy.
PC :smokin:
