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Reality Checks on Europe and China

SeekingAlpha |

In Brief...

It refuses to blame North Korea for the killings last week, refuses to acknowledge its own role in letting the crazies in Pyongyang get the bomb - and that in turn led to Pakistan going nuclear and is helping Iran to go in that direction. Written by Chinese colonels Qiao Liang and Wang Xiangsui, the book shows how to engage the United States without directly engaging the U.S. Computer attacks from "unknown" hackers; economic warfare with currency manipulation and so on; and, of course, tying up American resources using surrogates such as North Korea. No one believes the Chinese are "afraid" of turmoil in North Korea from people starving; instead, they are afraid the generals will get angry because their money has been cut off and will do something stupid. This makes everyone less supportive of China and makes it even more imperative that the Chinese take the lead in resolving the problem -- which they are refusing to do. Even though South Korea and the U.S. tentatively said yes to multi-party talks with North Korea, the Japanese, remembering the cut-off of rare earth shipments and perhaps tired of this constant instability, said no.. Also look for China to resume rare earth shipments and sign some agreement not to do it again as a price for Japan coming into the multi-party talks.

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