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If the Chinese fail to captitulate on this point, Mrs. Clinton darkly hinted, the US would no longer restrain the Israelis, who might then launch their long-threatened air attack on Iran, which the US has emphatically vetoed over the past two years. At that point, the Iranians would try to interdict Gulf maritime traffic and close the strait of Hormuz, meaning that about a third of China’s oil could be cut off. (The other 20% comes from Saudi Arabia.)
For China, approving crippling sanctions against Iran means in all probability the loss of 10% to 12% of its oil imports, the aborting of some $80 billion in development projects by Beijing in Iran, the sacrifice of hundreds of billions of dollars worth of oil which the Chinese have locked in via futures contracts, and, above all, a farewell to the best chance of getting a secure overland oil pipeline far away from the US-UK fleets — the pipeline from Iran via Pakistan into China.
These leeches didn't get kicked from one European country after another down through the centuries for nothing - it was their desire to control and subvert, through finance mainly, that led to their perceived persecution. They do the same today, play the victim all the time while getting others to fight their wars, while they sit back and laugh at the dumg goys killing each other
Chinese firm agrees to develop Iranian gas reserve
China's state energy group CNPC has clinched a deal to develop phase 11 of Iran's South Pars gas project, and beef up its oil and gas operations in the Islamic Republic that holds one of the world's top oil and gas reserves, an industry official told Reuters.
CNPC will start drillings in the gas field as early as March to evaluate the reserves, after its initial overall development plan won Tehran's approval near the end of last year, pushing ahead the mega-project worth $4.7 billion after a preliminary pact was sealed last June.
"The real work will start as soon as after the Chinese New Year holiday," said the official familiar with CNPC's international operations.
Read more: www.calgaryherald.com...
Chinese New year is in four days. It doesn't appear that China has even considered to succumb from US pressure.
The admonishment from Clinton came on the same day the Pentagon announced more than $6 billion in arms sales to Taiwan, a move certain to infuriate Beijing and add a new complication to the U.S.-Chinese relationship.
Clinton, speaking at a leading French military academy in Paris, said that China and five other leading nations have been united to date in trying to dissuade Iran to halt uranium enrichment that they fear is aimed at acquiring nuclear weaponry know-how.
But now that China is balking at joining the others in a new round of United Nations sanctions, Clinton said, "China will be under a lot of pressure to recognize the destabilizing impact that a nuclear-armed Iran would have in the [Persian] Gulf, from which they receive a significant percentage of their own supplies."
She told an audience of military experts and officers at the Ecole Militaire that "we understand that right now it seems counterproductive to you to sanction a country from which you get so much of the natural resources your growing economy needs."
But she said Beijing "needs to think about the longer-term implications."
Clinton said an Iranian nuclear bomb would produce an arms race and would convince Israel that it faces an "existential threat. . . . All of that is incredibly dangerous."
Originally posted by Sean48
Then tell the US citizens they now have 15 dollar a gallon gas, because we
all love Israel
Originally posted by SeekerofTruth101
The CCP had NEVER cared about the masses. Power corrupts and that is all they ever care about - the addictive power to decide the fate of the resiliant chinese people UNCHALLENGED. Similarly, they cant be bothered about the Iranian masses. All the CCP wants is to rob Iranians of their valuable resources in the hands of their mad leaders.
Hilary Clinton had done well to fearlessly remind the illegal govt of China to step up and show more concern. The CCP does not hold all the cards and never will. It has no support of the masses. All it takes is only a few wrong moves and they will be toppled.
Originally posted by elysiumfire
Economically, China is way ahead of the US, but militarily, I would say that the US still retains much superiority, but what the US desperately needs is to be economically equal or ahead, and it is in no position to be so...and this does affect military capability. It is a rude awakening for the American people, and perhaps humbling, to become cognisant of the fact that the US is no longer the only powerful player on the planet. Your downfall will be through economics and not war, you're already sliding into economic oblivion, because like the Soviets during the cold war, you are trying to maintain a position you cannot afford...and the more you try, the more damaging domestically it is for you.
But while many Chinese take delight in America's plight and would like to end the close embrace that has brought China such prosperity over the past two decades, they are falling prey to delusions of grandeur. The fact remains that as much as China may want to go it alone, it cannot. (See pictures of the global financial crisis.)
To begin with, it holds more than $1 trillion in U.S. assets, mainly in U.S. Treasuries. No other country or entity in the world could absorb those assets if China wanted to sell them, and with China's currency value pegged to the dollar, any massive sale would lead to a steep decline in the Chinese currency and economy. China's holding of U.S. debt is leverage only in a theoretical world where it could dump its U.S. assets or stop buying more. What's more, even a hobbled America is the world's largest economy and the most significant market for Chinese goods. In 2009, a supposedly bad year, Chinese exports to the U.S. were approximately $300 billion, about the same as in 2007. That is a vast source of income for China — and one that no other part of the world can provide.
The U.S., meanwhile, has been a source of billions of dollars in direct investment in China, from thousands of American companies big and small. While it's true that China doesn't need any one of these companies as much as each one needs China, China needs all of them and depends on them for everything from brand-name goods to know-how and capital. Beijing can't just snap its fingers and go it alone; its domestic economy is far too entwined with that of the U.S., its companies, its capital and its consumers.
Originally posted by MaxBlack
By forcing China to think about what to do if the oil gets cut off, just might get them to see that America is currently economically weak and in financial trouble. So weak in fact, that with the assistance of Russia or others, America could be attacked, rendered inept and made to capitulate to the demands of China and Russia or whatever collection of nations gang up against us. If nothing more they could carve up America for themselves and there isn't much we could do except complain about it to no avail.