Friday, March 13, 2009

Art of worry

Hu Jintao can say without exaggeration that the fact that he holds a claim check on a big chunk of America is worrisome. I'm worried, too.

Translated from the English translation, Hu is saying:

  • China is a player. Don't screw with China.
  • The dollar has lost its claim to be the currency of refuge. China nominates the yuan.
  • In the war of economies, China has won. Or is at least close enough to be a serious threat.
  • Don't count on a bailout.
No, he's not really giving us the finger. It just seems that way.

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