Tuesday, May 09, 2006

Why I'm not so worried about the PRC...

The Australian has an excellent article showing one of the reasons why the PRC is really not a threat. I knew the Chicoms had money problems - and in fact, wrote about it in one of the first pieces I did for Strategypage, way back in 2003.

China's problem, now estimated to be in the range of $911 billion (with prior estimates showing that anythere from 62-75% of that figure has already gone to previous bailouts), is going to really limit their options.