A very interesting NY Times article from December 28 talks about new "cracks" in relations between the US and China. The author points to the global economic situation and the incoming Obama administration as main causes of the new "cracks".
The article goes on the say that US lawmakers, businesses, and unions are preparing new tactics to try and push the Obama administration into forcing China to raise the value of the RMB versus the USD.
If communication continues I see no reason for the stress of the current economic situation to harm US - Chinese relations. In fact, hard times often cause closer relationships among partners. Also, I believe the team President-Elect Obama is putting together is too smart to try and force a partner like China to change fiscal policy. I believe the new administration will work even more closely than the Bush administration has to build bridges with China. Secretary Paulson has done a good job with China and there is a solid foundation to build upon.
Here is the link to the article:
http://www.nytimes.com/2008/12/29/business/economy/29paulson.html?partner=permalink&exprod=permalink
We are now three weeks away from the Chinese lunar new year. Factories are beginning their shutdowns next week already.
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