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* Beijing tells citizens they are not safe in Philippines
* Chinese travel agencies suspend tours to Philippines under government orders
MANILA: China told its citizens Thursday they were not safe in the Philippines and its state media warned of war, as a month-long row over rival claims in the South China Sea threatened to spill out of control.
China has warned the US to stay out of it's conflicts in the past, and I think the US will take that advice if China did decide to take action.
Or we'll hem them up faster than they can blink an eye.
we dont want a WAR with China...
we would lose all that Cheap labor
and China owns a lot of US debt..
we would let them TAKE the Philippians...
You will not hem their military, the army or navy of your country will.
The States wouldnt dare touch China as most of the dept the US is in, is owed to the Chinese.
Foreign governments hold about 46 percent of all U.S. debt held by the public, more than $4.5 trillion. The largest foreign holder of U.S. debt is China, which owns more about $1.2 trillion in bills, notes and bonds, according to the Treasury.
Data from the most recent 8 months published by the Treasury indicate that between the last day of June 2011 and the last day of February 2012, entities in Japan increased their holdings of U.S. Treasury securities from $881.6 billion to $1.0959 trillion. At the same time, entities in the People’s Republic of China decreased their holdings of U.S. Treasury securities from $1.307 trillion to $1.1789 trillion.
Originally posted by darrman
we dont want a WAR with China... we would lose all that Cheap labor.. and China owns a lot of US debt.. and land/farms/gold.... we would let them TAKE the Philippians...
Originally posted by AaronWilson
reply to post by Aim64C
Or we'll hem them up faster than they can blink an eye.
You will not hem their military, the army or navy of your country will. Also, I am just assuming this, but you most likely are projecting the United State's navy as you refere to it and your self as "we'll". The States wouldnt dare touch China as most of the dept the US is in, is owed to the Chinese.
It bugs the hell out of me, war loving people like you shouting "our
guns are better than yours"
You really think china would walk into
a war with the US? Why? They have america by the balls, without
shooting a single bullet.
As most of the world bets on China to help lift the global economy out of recession, Mr. Chanos is warning that China’s hyperstimulated economy is headed for a crash, rather than the sustained boom that most economists predict. Its surging real estate sector, buoyed by a flood of speculative capital, looks like “Dubai times 1,000 — or worse,” he frets. He even suspects that Beijing is cooking its books, faking, among other things, its eye-popping growth rates of more than 8 percent.
“Bubbles are best identified by credit excesses, not valuation excesses,” he said in a recent appearance on CNBC. “And there’s no bigger credit excess than in China.” He is planning a speech later this month at the University of Oxford to drive home his point.
No offence, but america is a baby country, while china is the oldest
civilisation in the world.
What a sad race we are!
“Avoid going out at all if possible, and if not, to avoid going out alone. If you come across any demonstrations, leave the area, do not stay to watch,” the embassy’s advisory said.
Originally posted by Jakes5
This is China's first attempt at naval force projection, because the disputed area is not necessarily in their backyard. They over a 1,000km from China's nearest land mass! In my humble opinion, I think the US had ought to play this one by the numbers and work to see China and the Philippines negotiate a compromise over the matter. If the area has significant oil and natural gas reserves as postulated? What is the harm in both nations harvesting that resource in a fair equitable manner? The US should see to it that it happens. In the meantime, send a battle group or two to the region to keep the peace.
Originally posted by DiscoStew
Doesn't the US have a Mutual Defence Treaty with the Philippines? If they are attacked is the US obligated to help defend them?
Government officials in China, the largest foreign holder of U.S. debt, have been chastising the U.S. over Standard & Poor’s downgrade to AA+.
Guan Jianzhong, chairman of Dagong Global Credit Rating, has said the U.S. dollar is “gradually [being] discarded by the world,” and the “process will be irreversible.”
But China’s debt-to-GDP ratio is worse than the United States’ ratio. It is worse than insolvent Portugal, which is now relying heavily on the European Central Bank for help, and had to go to the International Monetary Fund to get a financial bailout.
The U.S.’s new AA+ rating from Standard & Poor’s is still higher than the one assigned to the Middle Kingdom. S&P has China’s debt rating stuck at AA-, the fourth highest level, due to its “sizable” contingent liabilities in its banking system.
China’s own system is jammed with rotten debt held in off-balance sheet state enterprises. Its countryside is littered with eerie, empty ghost towns. And Moody’s Investors Service says last month that China’s local debt was understated by hundreds of billions of dollars.
Despite that, the People's Daily said S&P’s downgrade of the U.S.'s credit rating "sounded the alarm bell for the dollar-denominated global monetary system.” China owns an estimated $1.16 trillion in U.S. debt. China prints yuan to hold down its value so as to keep its exports dirt cheap. It then uses that extra printed currency to buy U.S. debt.
Read more: www.foxbusiness.com...
China's local government debt burden may be 3.5 trillion yuan ($540 billion) larger than auditors estimated, putting banks on the hook for deeper losses that could threaten their credit ratings, Moody's said on Tuesday.
Addressing the estimate by China's state auditor that its local governments have chalked up 10.7 trillion yuan of debt, Moody's said it found more potential loans after accounting for discrepencies in figures given by various Chinese authorities.
"The potential scale of the problem loans at Chinese banks may be closer to its stress case than its base case," Moody's said in a statement.
In view of that, the non-performing loan ratio for Chinese banks could be as high as 8-12 percent, compared with 5-8 percent in the base case and 10-18 percent in the stress case.
Unless China comes up with a "clear master plan" to clean up its pile of local government debt, the credit outlook for Chinese banks could turn negative, the ratings agency said.
In a bid to assuage investor worries about the potential souring of its massive local government debt, different Chinese authorities including the state auditor, the bank regulator and the central bank have
March 3 (Bloomberg) -- China’s hidden borrowing may push government debt to 96 percent of gross domestic product next year, increasing the risk of a financial crisis in the world’s third-biggest economy, Professor Victor Shih said.
“The worst case is a pretty large-scale financial crisis around 2012,” said Shih, a political economist at Northwestern University in Evanston, Illinois, who spent months researching borrowing transactions by about 8,000 local-government entities. “The slowdown would last at least two years and maybe longer,” the author of the book “Factions and Finance in China” said in a phone interview March 1.
Surging borrowing by local-government entities, uncounted in official estimates of China’s debt-to-GDP ratio, is the key reason for Shih’s concern. Harvard University Professor Kenneth Rogoff said Feb. 23 that a debt-fueled bubble in China may trigger a regional recession within a decade, while hedge-fund manager James Chanos has predicted a Chinese slump after excessive property investment.