I know that China is a global force to be reckoned with, but I'm confused at why the world is no longer calling them "Communist China?"
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China manipulates its currency on the world market, exports toxic and slipshod products and hacks our computers here in the U.S. Now they're buying into our utility companies. I don't trust then...not even a little.
I agree that China manipulates currency by not allowing it to float freely and be convertible on capital account. Only developed countries (about 40 odd) have robustness to allow free float of the currency. Fiscal systems of countries like India an
Plus on Monday China purchased 50% of Chesapeake Energy which is the 2nd largest producer of natural gas in Oklahoma. http://www.pressconnects.com/viewart/20130225/BUSI...
Ummmm....OK! That was...enlightening.
Oh, and TURN YOUR DAMN CAPS LOCK OFF FOR CRYIN OUT LOUD
Good point Larry. China holds enough reserve in US dollars and its export growth is largely tied to the US and other western economies. This ensures both countries will depend on each other for economic stability.