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Political Pandering… Jan 30, 2009     


Wen Jia Bao heads to UK

Wen Jia Bao and his closest advisers are in Davos, and by all accounts it sounds as if some in media are beginning to take a more relaxed stance on China. To be honest it speaks of the times we now live in. If one day you condone the actions of a nation state, and the following you pride them for their economic achievements so that you may benefit, it makes you as a profession or nation look quite pathetic. If you have a stance and belief, keep it, please don’t peddle a flip-flopping opinions that are delivered as fact. For too long the western media and government has and still remains to look negatively upon China, and rightfully so on many levels, but what they have so conveniently left out of the stories in recent years is how they have benefited from China’s monumental rise.

Look at the facts of information decemination. It is only in the past eighteen months that media has latched onto the debt obligations the US now holds with the Near East. When times got rough and it was no longer to our (US and European) advantage to continue selling our debt at the rapid rate we had no problem with at the onset of this decade, the media and US government started speaking up. We got ourselves into this situation, and it will take a community effort to etract ourselves from this mountain of debt and trade imbalance. The answer is not confrontation and protectionist policies. The answer lies in cooperation between China-US-UK-Euro to fix what has gone so wrong.

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