Obama to Announce New Strategic Dialogue With China
Mr. President, clearly, has not yet made up his mind with regards to whether to visit China personally or not. Everyone knows the name of the new treasury secretary Timonthy Geithner as he busies himself with all the failing banks and car factories. Putting him on the job as well as Secretary of State Hilary Clinton is a formal political gesture that recognizes the importance of the counterparty. But then dealing with China without making personal connections first seems like buying dinner over the internet, which works perfectly well in principle but lacks a personal touch that may be crucial.
When it comes to a personal visit Obama may consider it a politically challenging gesture to pay China without first making sure that he will be treated properly in return, that the carpets will be rolled out for him. Given the economic tension in the states and the G-20 meeting, moreover, it doesn’t seem like a convenient time.
On the other end of the ocean, however, China is getting anxious and impatient with its 2 trillion US reserves that are declining in value day by day as BOA keeps printing money, given no realistic alternatives but to keep purchasing even more. Then some noises were made last week regarding a global currency, etc. etc. One would expect the economical brains in China are now squeezing themselves to think of a more rewarding, alternative approach. If I were Obama, I wouldn’t be so passionately seeing British prime minister Gordon Brown before the meeting, but making friends with the Asians instead. Britain is screwed anyway, leave them alone.
No comments:
Post a Comment