The China Two-step
"This isn't like the Y2K crisis, where everyone was afraid of a computer meltdown that never happened," said Cass Johnson, president of the National Council of Textile Organizations, a U.S. trade group that is pressing the Bush administration to impose immediate limits on Chinese imports. "This is happening, and the consequences are frightening."
-International Herald Tribune
The US has reacted with dismay to an anti-secession law that would allow China to use force against Taiwan."China's Lenovo Group Ltd. (0992.HK) won clearance from a U.S. national security oversight committee to acquire IBM's personal computer business, the companies said on Wednesday, overcoming resistance from some U.S. lawmakers."
The White House described the planned law as "unhelpful", while a military chief warned about what he termed China's "significant" military growth.
US legislation obliges it to resist any use of force by China against Taiwan, and provide a means of defence.
posted by Veritas at 08:07
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