Tuesday, September 21, 2010
U.S. Presses China On Sanctions For Iran, North Korea
The US-China political problem is much more complicated than many make it out to be. Yes, China has America's number because holds so much bonds and exports so much of its goods to the U.S., but on the other hand, China cannot afford to see the U.S. economy collapse because the value of the money that they hold will plunge and demand for Chinese-made goods will fall.
Having said that, the U.S. can't exactly do much when big Chinese business stick their middle fingers up to sanctions and continue doing business with the Iranians (especially the energy companies). The entire Chinese government is part of China's business juggernaut, and they're not about to let money-making stop because America wants to stop Iran from getting a nuclear weapon.
Read the Article at HuffingtonPost
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