by peter.reardon | on China’s financial and military assets: -
It is left to the imagination of the general public to guess what the fine print spells out under the conditions of America’s loan, actually a US government treasury bond purchase, of one-trillion dollars.
Guardian journalists Tania Branigan in Beijing and Simon Tisdall report:
Wen Jiabao, China’s prime minister, issued a veiled warning to America yesterday to maintain control over its economy in the latest sign the global economic crisis is testing the most important bilateral relationship in the world.
This financial agreement, or aid is perhaps with ‘strings attached’ or it might otherwise be referred to as ‘tied aid’.
Such a method of foreign control would historically reflect similar conditions to those imposed by previous US administrations on impoverished countries as international aid support.
Specifically US aid was conditional on the recipient nation spending the money in America instead of stimulating, or creating a local economy.
There are undoubtedly conditions laid down by the Chinese government officials who could perhaps smell the opportunity of political leverage in American foreign policy, and perhaps an opportunity to stimulate their own export trade.
One scenario might be for China to encourage the US government to let its bankrupt automobile industry be closed and America import Chinese made trucks and cars for the trillion dollar loan period.
Cries of “That will never happen!” doesn’t sit very well when China has, according to mtippett’s article, that China has already told the US that we, meaning China, “Own You”.
There might be Chinese vehicles on American roads before the end of 2009.
