PDA

View Full Version : China and U.S. heading for a cold war? What impact on gold?




HenryAlan
02-08-2010, 04:43 AM
Chinese and U.S relations are at a low ebb and continuing to deteriorate fast so it seems and an article in today's Sunday Times in London says many Chinese hawks are promoting a cold war. Indeed things appear to have got so bad that military leaders in China are preparing for the possibility of a limited armed conflict, possibly over Taiwan or Korea, although this seems very unlikely.

China has always been unhappy with U.S. criticisms over its human rights record, but a number of recent diplomatic disagreements have escalated the feelings within China that it should be taking more action against the U.S. if only to show its displeasure.

The Sunday Times report noted that just under 55% of Chinese questioned in a recent poll by a state-run newspaper felt that a cold war would break out between China and the U.S. China has been beset by major criticisms from the U.S. on Taiwan, Tibet, internet freedom, global warming and trade - and most recently the U.S decision to sell $6.4 billion worth of arms to Taiwan may have really brought matters to a head. Indeed some Chinese feel that the country should retaliate by selling arms to states hostile to the U.S. in return.
http://www.mineweb.co.za/mineweb/view/mineweb/en/page72068?oid=97505&sn=Detail&pid=1