China Demands US Stop Meddling In Its Affairs, Wants Acceptance As World Power, Issues Thinly Veiled Threat

Thursday, July 29, 2010
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/29/2010

It has been a while since political bickering over who can piss the farthest was an issue of global concern. Today, China communist party’s mouthpiece People’s Daily has released an essay in which the country once again resorts to thinly veiled threats against the US, and demands that not only the country’s territorial demands in the South China Sea be uncontested, but that the US accept China as a global power , as the alternative could promptly generate the appearance of rocky relations between the two countries and “no one would like to see the negative effects rocky relations would bring to China, the United States and possibly to the world as a whole.” Of course, with China the world’s biggest creditor nation, and holder of anywhere between $800 billion and $1.2 trillion (assuming all that London flotsam is really Chinese stealth accumulation), Beijing can rest assured the essay has been duly noted. Of course, with the administration doing one wrong thing after another, it would not be at all surprising if the president’s advisory henchmen seek to push the tenous relationship as far as it can go, and truly test the decoupling (this time it IS different, Jim O’Neill said so) hypothesis, however with nothing but downside if decoupling is finally proven true (breath holding not advised).

The Rest…HERE

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