Friedman: Asian nations befriending US to contain China?

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12 Nov, 2010, 06.53AM ,NYT News Service

Friedman: Asian nations befriending US to contain China?

Don’t believe everything you read in the paper. Take this headline that appeared a couple of weeks ago, when I was in New Delhi, in a Indian newspaper: “US Not Seeking to Contain China: Clinton.” It was referring to a statement made by Secretary of State Hillary Clinton while on a swing through Asia.

No, Washington is not trying to contain China the way we once did the Soviet Union, but President Barack Obama didn’t just spend three days in India to improve his yoga.

His visit was intended to let China know that America knows that India knows that Beijing’s recent “aggressiveness,” as one Indian minister put it to me..

All of China’s neighbors want China to know, as the sign says: “Don’t even think about parking here.” Don’t even think about using your growing economic and military clout to just impose your claims in border disputes and over oil-rich islands in the South China Sea. Because, if you do, all of China’s neighbors will be doomed to become America’s new best friends – including India.

That’s why each one of China’s neighbors is eager to have a picture of their president standing with Clinton or Obama – with the unspoken caption that reads: “Honestly, China, we don’t want to throttle you. We don’t want an Asian Cold War. We just want to trade and be on good terms. But, please, stay between the white lines. Don’t even think about parking in my space because, if you do, I have this friend from Washington, and he’s really big. ... And he’s got his own tow truck.”

China for years was being praised by Asian experts for being so shrewd, so clever, so deft, in building cultural and economic ties with all its neighbors – and outmaneuvering the stupid, oafish Americans. But in just six months, China has cast itself in the role of bully and prompted its neighbors to roll out the red carpets for Uncle Sam.

“With the Chinese Communist Party increasingly dependent on the military to maintain its monopoly on power and ensure domestic order, senior military officers are overtly influencing foreign policy,” wrote Brahma Chellaney, a defense analyst at Delhi’s Center for Policy Research.

No, India is not going to jump into America’s arms. But we’re not asking it to. Democracy, geopolitics, geography and economics are all combining to move America and India closer together.

And that’s a good thing for both. If China plays it smart, Indian-American relations will never go beyond pre-containment. But if China doesn’t play it smart, Obama to India could one day become the new Nixon to China: My enemy’s enemy is my new best friend.
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Friedman,.this guy knows nothing about economics,and has been discredited with his big mouth article of HOW CAN A NATION WIOTH 2.4 TRILLION RESERVE(PRC) BE A FAILURE.

I note that he does learn a little from his mistake,unlike many leaders in Singapore.Hope they learn too.
 
It makes sense but hopefully India can stand on its own and not become a US puppet. But I do not blame the Asian countries. China is the 800lbs gorilla with an economy 4 times that of india and growing at a faster pace.

The future will be in Asia and it is best that countries try and work together in Asia The US, going forward will look more inward as its deficits prevents its military power projection.

However, China still maintains the trump card in pakistan with regard to India. Even US support for India was nuanced with pakistani interested in mind. With nuclear weapons, 160M pop and 15% of India being Muslim, it is a tinderbox that can be easily ignited. The ignition could easily be started by some right wing Muslim or Hindu (afterall it was a hindu extremist that killed Gandhi) slaughtering each other over some religious issue.

Remember that US primary foreign interest is Middle East oil and support for Israel - 2 opposing interest. Eeverything else is not important and can be traded for Middle east oil and Israel. They need all the Muslim friends that can find. I do not see an easy conclusion to afghanistan. i suspect that Pakistan wants to keep Afghanistan in play for as long as that is the case, Pakistan have a hold on US.
 
Friedman,.this guy knows nothing about economics,and has been discredited with his big mouth article of HOW CAN A NATION WIOTH 2.4 TRILLION RESERVE(PRC) BE A FAILURE.

I note that he does learn a little from his mistake,unlike many leaders in Singapore.Hope they learn too.

I read this news article some time back.
China has 9 neighbors and with all 9 of them, China has some form
of territorial dispute or other. Not good at all for China's image. No one
will believe that the 9 neighbors are in the wrong. The US appears a
better bet for these 9 countries.
 
I read this news article some time back.
China has 9 neighbors and with all 9 of them, China has some form
of territorial dispute or other. Not good at all for China's image. No one
will believe that the 9 neighbors are in the wrong. The US appears a
better bet for these 9 countries.
Basically he was saying that China,with its 2.4 trillion reserve,would not have any economic set back.

But USA triggered the depression when it was having the biggest reserve then,likeiwse for Japan.

Simply foreign reserve has nothing to do with the GDP.

It is an accounting term.

In China,no foreign currency is allowed,so all USD coming to China must be exchanged with Bank of China into RMB at a fixed rate decided by Communist Party.

So loud mouth Friedman who writes well showed that he knew absolutely nothing about balance of payments.
 
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Basically he was saying that China,with its 2.4 trillion reserve,would not have any economic set back.

But USA triggered the depression when it was having the biggest reserve then,likeiwse for Japan.

Simply foreign reserve has nothing to do with the GDP.

It is an accounting term.

In China,no foreign currency is allowed,so all USD coming to China must be exchanged with Bank of China into RMB at a fixed rate decided by Communist Party.

So loud mouth Friedman who writes well showed that he knew absolutely nothing about balance of payment.

Put it this way. You have 2 trillion savings.

But they are held in my money ( USA dollars). Therefore it is logical, that without my money or if my money goes junk due to my economy collapsing, your savings will have no value too.

On the other hand, reverse wise, it is not the case. If your economy crash and your money goes junk, it will not affect much my money value.
 
The other point,which many people do not know,is that to be a reserve currency,you must run a trade deficit,again it is mathematical.

I hear many folks including economists fr ASEAN saying China's RMB should be a reserve currency.

RMB could be but it is a long time process.many,many years and with stable development.

The recent events do not augur well for China's peaceful rise.

My biz partners in China have said that the hawks are gaining strength in the party,probably the results of the party's over playing nationalism.
 
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