Mao's China "is rising" and Deng "to get rich is good"....nationalism and pragmatism have combined under a "command economy"to produce tentacles stretching from Ecuador and Peru to United Staes and Canada to Britain to France to Germany to South Africa, Nigeria and the Congo to Iran, Kazakistan, Afghanistan and to India, to Russia to Japan to Australia , buying government bonds eg. USA, equities in banks and utilities eg. Britain, investing in constuction and engineering in Iran and the Mid-East, purchasing stakes in metals, energy, power and transport.......will spend $4 billion to operate Filipino power grid for 25 years, $ 5.5 billion to purchase 20% of the Standard Bank of South Africa, $2.2 billionin a joint venture in India [producing iron pellets and steel.
China has over $2.4 trillion in foreign reserves and is willing and able to spend to purcahse goodwill (bought $150 million of Costa Rican bonds, after which, Costa Rica cut ties with Taiwan), bought Portugeese and Spanish bonds to help with their economic stimulus, to get a foothold and win influence and assets, especially energy supplies ( in Iran, Congo, Angola, Nigeria, Kazakistan). It has also invested in France, spending $2.8 billion to buy into Total...French oil and gas company, $16 billion on banking and utilities (British Petroleum) in Britain, $43 billion invested with Alcoa in Rio Tinto for aluminum .......oil, gas, coal, iron, steel, aluminum and other metals, but bonds and equities are where most is spent, and the USA is its largest and safest target. So far China through its investment arm SAFE...State Administration for Foreign Exchange, ( serving the same purpose and with the same determination and goal to build the economy as the Japanese did with MITI....Ministry of International Trade and Investment), flushed with funds and free to spend as it sees fit (unlike its democratic counterparts, who are constrained by rules and regulations), is spreading its largesse far and wide, to achieve its goals of acquiring assets, growing goodwill, gaining political and economic foothold and spreading its influence. The only thing that can stop it is internal instability.....there over 100 million internal migrants, restive and moving from place to place looking for their "piece of the pie". As demands grow for more and more goods and services, the government has to deliver or else, they will be swept away like twigs. As former Chinese president Jiang , noted in answer to a question from an American reporter, on his visit to the USA, "IT IS MORE IMPORTANT TO FEED THE PEOPLE, THAN TO GIVE THEM THE RIGHT TO VOTE".
China has over $2.4 trillion in foreign reserves and is willing and able to spend to purcahse goodwill (bought $150 million of Costa Rican bonds, after which, Costa Rica cut ties with Taiwan), bought Portugeese and Spanish bonds to help with their economic stimulus, to get a foothold and win influence and assets, especially energy supplies ( in Iran, Congo, Angola, Nigeria, Kazakistan). It has also invested in France, spending $2.8 billion to buy into Total...French oil and gas company, $16 billion on banking and utilities (British Petroleum) in Britain, $43 billion invested with Alcoa in Rio Tinto for aluminum .......oil, gas, coal, iron, steel, aluminum and other metals, but bonds and equities are where most is spent, and the USA is its largest and safest target. So far China through its investment arm SAFE...State Administration for Foreign Exchange, ( serving the same purpose and with the same determination and goal to build the economy as the Japanese did with MITI....Ministry of International Trade and Investment), flushed with funds and free to spend as it sees fit (unlike its democratic counterparts, who are constrained by rules and regulations), is spreading its largesse far and wide, to achieve its goals of acquiring assets, growing goodwill, gaining political and economic foothold and spreading its influence. The only thing that can stop it is internal instability.....there over 100 million internal migrants, restive and moving from place to place looking for their "piece of the pie". As demands grow for more and more goods and services, the government has to deliver or else, they will be swept away like twigs. As former Chinese president Jiang , noted in answer to a question from an American reporter, on his visit to the USA, "IT IS MORE IMPORTANT TO FEED THE PEOPLE, THAN TO GIVE THEM THE RIGHT TO VOTE".
