US and China developing dangerous trade war (click title to entry - thank you)
Beijing News.Net
Saturday 2nd October, 2010
A potential trade war between China and the United States would be economically catastrophic, according to Fareed Zakaria, who is Editor-At-Large of Time Magazine and the host of CNN's “Fareed Zakaria GPS”, his comments came following a rare interview with the Chinese prime minister.
The economic and international relations analyst has said that the two largest economies in the world are mutually dependant on one another for continued growth and stability.
“The consequences of a significant trade war between China and the United States would be very dramatic,” Zakaria said. “We need the Chinese to still have enormous faith in the U.S. economy, not just to buy Treasury bills, but to maintain all the links they have with the U.S. economy.”
His comments came on back of growing tension between the US and China over what the US government perceives as significant undervaluing of the Chinese currency in order to make Chinese exports more competitive than American exports....
The "GPS" interview is here. There are many interesting things said and I'll cover what I believe needs to be covered, but, basically it is time to take on the bull-oney.
Added On October 3, 2010
Fareed Zakaria sits for a rare and exclusive interview with Chinese Premier Wen Jiabao. (click here)
