Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
(3) China knows perfectly well what they are doing ... they are doing it, after all, as deliberate policy established after much internal deliberation, study and debate, while in the US the complementary policy has been established on the basis of interest groups introducing enough noise and confusion in the political process that they can get the individual deals or individual loopholes that they require to play their part in the Chinese policy.
That means China's bound to eat the US' lunch. I'm sure Sun Tzu must have an aphorism that puts it much better, though.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Carrie (migeru at eurotrib dot com) on Sun Jun 1st, 2008 at 06:11:34 PM EST
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