On Tue, 28 Jun 2005 17:41:20 +0000, NOYB wrote:


You don't think he'll see CNOOC's control of a US oil company as something
that potentially "affects the capability and capacity of the U.S. to meet
the requirements of national security"? I do.

I saw more of a threat from China's purchase of IBM's PC business
(Lenovo), or the technology transferring from Boeing. Frankly, I don't
like seeing American assets leaving, but unfortunately, the flag of
multi-national corporations is green, not Red, White, and Blue.



Much of the trade surplus is because their currency is pegged. The
Chinese are starting to **** off Europe, Japan, and Canada...who,
combined, do as much trade or more with China than we do. China has no
choice but to relent on this issue, or face harsh tariffs all over the
place.

I just don't see it. Tariffs are a two edged sword. I would expect to
see a revaluing of the yuan, but not a float. Time will tell.

"thunder" wrote in message
...
On Tue, 28 Jun 2005 17:41:20 +0000, NOYB wrote:


You don't think he'll see CNOOC's control of a US oil company as
something
that potentially "affects the capability and capacity of the U.S. to meet
the requirements of national security"? I do.

I saw more of a threat from China's purchase of IBM's PC business
(Lenovo), or the technology transferring from Boeing. Frankly, I don't
like seeing American assets leaving, but unfortunately, the flag of
multi-national corporations is green, not Red, White, and Blue.



Much of the trade surplus is because their currency is pegged. The
Chinese are starting to **** off Europe, Japan, and Canada...who,
combined, do as much trade or more with China than we do. China has no
choice but to relent on this issue, or face harsh tariffs all over the
place.

I just don't see it. Tariffs are a two edged sword. I would expect to
see a revaluing of the yuan, but not a float.

Initially, a revalue. Eventually, a float. China would going into a severe
depression if they floated their currency over night.