China Tells the US to STFU

Thursday, February 25, 2010 , , , 0 Comments

And just in case we did not quite understand what China wanted to tell us because of "language" issues, they made sure to dump a bunch of Treasurys at the same time. Zing.


China's military warned the United States on Thursday to "speak and act cautiously" to avoid reigniting tensions between the two powers, denying the People's Liberation Army played a part in Internet hacking.

Huang Xueping, spokesman for the Chinese Ministry of Defense, said his government would not reverse its decision to suspend "bilateral military plans" with Washington after it said in late January that it would sell $6.4 billion of arms to Taiwan, the self-ruled island Beijing claims as its own.

In January, the giant Internet search company Google Inc threatened to pull back from China after complaining of censorship and hacking attacks on it and other companies.

Analysts said those attacks were sophisticated operations, possibly overseen or abetted by the Chinese military.

The hacking dispute has added to tensions with Washington over quarrels ranging from trade and the Chinese currency to a meeting last week between U.S. President Barack Obama and exiled Tibetan leader the Dalai Lama, who China reviles as a "separatist" for demanding self-rule for his homeland.

As a recommended supplement to this, how about Thinking the Unthinkable: What if China Devalues the Renminbi? via Naked Capitalism.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.