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In other words, it's for the Chinese to avoid a hegemonic war. As the Chinese understand the importance of losing face they might be able to get what they want while allowing the US elite to believe they're still hegemonic, but it's up to them to try because the US will not.

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 Mon Jun 2nd, 2008 at 07:33:39 AM EST
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