That is the key, what Krushhev once said during his great pounding his shoe episode(Vodka anyone?:) "We will bury you"(economically, that is).
China can accomplish, but first they must get control of the Asian theatre as consuming source.
The Chinese are in an extreme pragmatism mode as they don't want to rock their economic emergence and as long as U.S. let's them under sell the competition in the U.S. and the U.S. consumer keeps buying wildly it will then take but extreme provocation for them to go into hostile mode.
I wonder if Putin's ingratiating/red carpet treatment with Bush is he fears this economic symbiotic bond that the U.S. and China have formed.
It is a bizarre situation, for at this moment in time both China and the U.S. need each other.
China turning hostile to U.S. however would be very bad for them, but disastrous for us.
Plus China has its own problem with the still vast 'peasant population' whose lot in life is not improving as the new chinese upper bounding class leaves them behind.
There are reports of class tension building strongly in China.
As oft i do i simply qoute 'Bette Davises' famous line "What a Mess!."
The grim matter is ANY financial global crisis takes all down.
But who can survive the best, both China and Russia, not us, we are the soft ones---Russia and China have survived one disaster after another through their long long history, they are both capable of going back to "bartering" if needed.
Also th brain drain is a factor, we have surrendered science to the Asians, the american student's science edge has disintegrated.
We now depend on the foreign students in our tech world.
Globalization and Nationalism is a powderkeg concoction imHo.
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