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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (26898)	3/18/2008 3:09:12 PM
From: DuckTapeSunroof	Respond to of 71588

"Any other countries would be concerned about the Olympics being boycotted. Their level of concern is much less." Clearly. They have integrated themselves into the global economic system too deeply. They are the largest sovereign holder of US Treasury debt (after Japan) in the world now. Washington ain't gonna raise a peep.... "The heart of the financial crisis seems to be the wish to control rate of financial improvement enjoyed by their populous." I don't know if that is the 'heart of their financial crisis' (nor if it really qualifies to be called a 'crisis' yet... after all, 10% GDP growth is something America hasn't seen for a long, long time). I think much of their current difficulties stem from trying to maintain an impossible-to-maintain currency peg at the same time rising commodity prices are creating inflation in their economy (in large part because of that silly currency peg....) And, of course, the Communist leadership is seriously concerned about the possibility of unemployment --- which, rightly or wrongly is the one thing they fear could topple them from power.