China v. United States
Monday, 15 March 2010
“The long-simmering clash between the world’s two great powers is coming to a head, with dangerous implications for the international system.
“There are echoes of Anglo-German spats before the First World War, when Wilhelmine Berlin so badly misjudged the strategic balance of power and over-played its hand.
“As America’s creditor – owner of some $1.4 trillion of US Treasuries, agency bonds, and US instruments – China can exert leverage.”