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Thursday, September 29, 2011 at 10:14 AM
10:14AM

China will spend where it can own

DateThursday, September 29, 2011 at 10:14AM

It's becoming clear that China won't bail out Europe, simply because it sees no political will and has no desire to buy more Western debt.  Same will apply to US as things get worse.

What China will buy is access to stuff it truly wants: resources and management talent.  So, as the cited FT story makes clear, China is ready to invest in Brazil's new offshore hydrocarbon discoveries.

And as the Center for America-China Partnership made clear in our grand strategy agreement, China is interested in buying into US companies.

But no, it's not interested in throwing hard-earned money after bad.

AuthorThomas P.M. Barnett CommentPost a Comment | Reference1 Reference |
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