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The president issued a little-noticed "presidential determination" Sept. 29 that delegated authority for determining whether missile and space exports should be approved for China to Commerce Secretary Gary Locke.
Commerce officials say the shift will not cause controls to be loosened in regards to the export of missile and space technology.
Originally posted by TSawyer
The immediate thought of mind is this is the work of the Jewish lobby, through Obama, trying to get China on board the nearing attack on Iran. I'm most likely correct in this assumption.
Originally posted by Stormdancer777
Why doesn't Obama just Nuke us himself and get it over with.
On topic: I believe this a great move by our president, who is obviously very interested in the Chinese economy, and rightly should do everything he can to assist them in anything they need or want, especially as long as they are willing to buy our debt or are holding our debt. In fact, soon it is quite possible that they will demand ownership of NASA, and our president should consider giving it to them in exchange for our debts.
With $2.1 trillion in currency reserves, the Chinese government certainly has the money to spend. And spend it has. China has spent $115 billion on foreign acquisitions this decade alone.
According to Fortune, in the past few years, China has purchased everything from foreign banks, to computer companies to semiconductor companies to utilities.
China has also recently purchased the Hummer brand from General Motors and is currently trying to acquire the Volvo brand from Ford.
Whether or not that final deal goes through, China’s dramatic rise to the very top of the economy food chain is not likely to be slowed down anytime soon.
“We’re no longer talking about China making lots of shoes,” C. H. Kwan, a senior fellow at the Nomura Institute of Capital Market Research, based in Tokyo, told The New York Times. “China is about to leave everyone behind in a big way.”
When the Chinese came here a few months back one of the parts of the agreement was that the US would share more high-tech and the Chinese would not foreclose on us.
Locke was born on January 21, 1950 in Seattle, Washington. A third-generation American with paternal ancestry from Taishan, Guangdong in China, Locke is the second of five children of James, a native of the United States, and Julie Locke from Hong Kong, which at that time was a dependent territory of the United Kingdom. His parents gave him the Chinese name of 駱家輝 (pronounced Lok Gaa-Fai in Cantonese). He did not learn to speak English until he was five years old
On October 15, 1994, Locke married Mona Lee, a former television reporter for the NBC affiliate KING 5 television in Seattle. Her father was from Shanghai, China and her mother from Hubei, China.
Originally posted by Jazzyguy
But isn't it the chinese right since they 'own' the technology. Remember, they own america.
But you can all relax, sooner than later china will implode again, it's so predictable.