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China can cripple the US tomorrow if required, but they havent
The US funds budget over-runs partially by printing 1.5 trillion dollars of new money every year. This would be deflationary to the tune of 15%.
China and Japan have purchased vast amounts of dollars over the years.
If either country simply stopped buying dollars (they wouldn't even have to sell any of their reserve), the US would go into financial meltdown.

But they don't. Why? I think the chinese are reasonably happy with their life at the moment. Their exports are great, and their quality of life per individual is rising phenomenally.
Sure they play business hard ball style, like the russians (ok probably not as bad as the russians).
But that's life. Maybe we'd lived through crap like the cultural revolution, we would be kind of desperate for wealth and lifestyle.
Posted by: hipparchus2000   Posted on: 02/07/05 You are currently: a Guest | Members login | Terms of Use
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China  abc_123 | 02/07/05
Ok, you are so smart, you tell us all about China.  DonnieBoy | 02/07/05
After reading the article...  No_Ax_to_Grind | 02/07/05
here is my 2 cents  abc_123 | 02/07/05
If you want to stop piracy in China, you need MS to help.  DonnieBoy | 02/07/05
Only Microsoft?  rapson | 02/07/05
No, but....  nucrash | 02/07/05
But how?  rapson | 02/07/05
Those China Experts  dan@... | 02/07/05
Good explanation!  TechType | 02/07/05
Is everyone blind???  No_Ax_to_Grind | 02/07/05
I agree, except..  Patrick Jones | 02/07/05
Maybe, but at some point there will be no choice.  No_Ax_to_Grind | 02/07/05
china has sufficient dollar reserves to do that anytime  hipparchus2000 | 02/07/05
China's Teacher  The King's Servant | 02/08/05
Chickens coming home to roost  Sunny Jalolly | 02/07/05
Knowing now what you know now...  The King's Servant | 02/08/05
The software industry will lose...  Anton Philidor | 02/07/05
No, all industries lose.  No_Ax_to_Grind | 02/07/05
The average Chinese person can't afford it...  TechType | 02/07/05
In this day and age...  BitTwiddler | 02/07/05
Working with China very nearly bankrupted our company.  JonathonDoe | 02/07/05
Jon, your tale is one of hundreds..  No_Ax_to_Grind | 02/07/05
Big bulky Beaucracy, every other thing illeagle? Piracy is the easiest!  GreatInca | 02/08/05
Hmmm, "taking down China"  dan@... | 02/07/05
China can cripple the US tomorrow if required, but they havent  hipparchus2000 | 02/07/05
Big difference between hard ball and failing to honor contracts.  No_Ax_to_Grind | 02/07/05
It's not that bad... only $1.9 billion a day.  B.O.F.H. | 02/07/05
I think that many have missed the Chinese threat.  The King's Servant | 02/08/05
Piracy has existed since the dawn of time  Roger Ramjet | 02/08/05
Screaming about China buying technology  akpenguin | 02/09/05

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