An Indian Preamble!
( Madan Menon Thottasseri)
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Indeed Obama contributed for the inclusion of China into G 20 upon enhancing from G7 only with the support of Powerful Western countries. Fortunately India too is part of G20 now whereas it is considered to be the foremost forum to discuss global issues. Let the Chinese Investments to the tune of USD 800 billions be there in U.S Treasuries and sway the U.S economy to import more from China. What ever be the political divergence between the two, business between them have to be ‘mutually exclusive’ wherein China has to enduringly enjoy the status of MFN (Most Favored Nation) to sustain FX earnings from the World’s biggest consumer economy.
It is a fact that U.S.A depends on China’s enormous savings to finance its escalating budget deficits. China too correspondingly depends on the American export market to fuel the highflying and burgeoning industrial growth, even though U.S.A is very much under the grip of global recession. U.S.A will never have the apprehension that China will unload investments in U.S Treasuries. It is possible that many facilities for export oriented production projects in China that were technically and financially assisted by U.S.A with buy-back arrangements were entwined against Chinese investments!
It is a fact that U.S.A depends on China’s enormous savings to finance its escalating budget deficits. China too correspondingly depends on the American export market to fuel the highflying and burgeoning industrial growth, even though U.S.A is very much under the grip of global recession. U.S.A will never have the apprehension that China will unload investments in U.S Treasuries. It is possible that many facilities for export oriented production projects in China that were technically and financially assisted by U.S.A with buy-back arrangements were entwined against Chinese investments!
The call for a super-sovereign currency by the Chinese Central bank Governor Zhou Xiaochuan must have alarmed U.S.A as a “shot across the bow”. He should have avoided the publication of Chinese concerns to the international audience which would have given solemn signals to U.S.A for streamlining the decades’ long relationship and further irritated the American analysts. Premier Wen Jiabo’s open statement of concern on the security of Investments in United States would have made shocking waves at Federal Reserve.
The U.S Secretary of States James Steinberg’s comment that China is expected to reassure the world while it’s growing role will not come at the expense of security and wellbeing of others, may be just to please, especially other Asian trade partners like India.
The Taiwan issue is temporarily dormant for the time being due to the diplomatic tactics of the present government at Taipei. Any time Beijing will clamor for the unification of Taiwan with the main land China and trigger missiles positioned towards the island. It is ironical that Taiwan has geared up its defense with the arms supplied by U.S.A!
The Taiwan issue is temporarily dormant for the time being due to the diplomatic tactics of the present government at Taipei. Any time Beijing will clamor for the unification of Taiwan with the main land China and trigger missiles positioned towards the island. It is ironical that Taiwan has geared up its defense with the arms supplied by U.S.A!
Let U.S.A elevate China by taking more global issues to the centre of U.S-China relationship. It is high time that China understands issues like Climate Change and initiate action for more active participation in the global climate summit to be held in December, 2009 at Copenhagen.
It will certainly be beneficial to both countries while Obama visits Beijing and Shanghai for the first time, in mid November, 2009 for revitalizing the three decades’ long relationship.
It will certainly be beneficial to both countries while Obama visits Beijing and Shanghai for the first time, in mid November, 2009 for revitalizing the three decades’ long relationship.
It will be laudable, if Obama, the Nobel Laureate can prevail on China to dismiss adventures in it’s boarders with India!
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