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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (557103)	3/26/2010 10:58:13 AM
From: RetiredNow	1 Recommendation Respond to of 1583373

China’s ambitions are unlikely to remain in port thenational.ae In the past five years, giant Chinese oil companies have signed deals worth $120 billion, as well as one in 2004 that secures China 10 million metric tons of liquefied natural gas per year from Iran’s Yadavaran oilfield for the next 25 years. In all likelihood, Beijing has learnt from US mistakes regarding the Arab-Israeli conflict, and will steer clear of any interference. Chinese leaders realise that meddling would only antagonise both parties and could possibly cause anti-Chinese sentiment in the region, damaging its economic interests. For now, China will likely focus its energy on doing business rather than on mediating conflicts. There is little doubt that Chinese foreign policy is driven by economic priorities, with a main priority on securing energy resources across the globe. But wherever its thirst for oil drives it, China runs the risk of conflicting with US interests. The Asian giant is a global power on its way to becoming a superpower. Even conservative forecasts tell us that two decades from now, China’s economy is likely to equal or surpass that of the United States, its military will be strong enough to stand against America, its energy demands and imports will increase. For these reasons, the dragon is not likely to remain quiet. Instead, it is positioned in direct competition with the US. The two countries will be locked in a struggle to secure markets, energy resources and maintain a global balance of power. It may at first bear little resemblance to the Cold War of the last century, but the stiff competition between two great global powers seems all but inevitable.