Recession Heightening US-China Tensions Despite Paulson's "Economic Dialogue"

The global recession is re-exposing fissures in U.S.-China relations that Treasury Secretary Henry Paulson spent more than two years smoothing over.

Heightened tensions between China and the U.S. may worsen a contraction in world trade that already threatens to deepen and prolong the economic downturn. The friction comes as President- elect Barack Obama readies a two-year stimulus package worth as much as $850 billion that will require the U.S. to borrow more than ever from China, the largest buyer of Treasury securities.

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Comments

[hollybork]

Let's hope they don't call their debt and turn us all into their slaves. Let's see, there are 1 billion of them, 300 million of us......hmmmm

[Chavez08]

The bankers already enslaved us, they used China to do it. Instead of conflict, the NEW U.S. regime should team up with the Chinese and bring the bankers to justice.

[ibsteve2u]

Pretty funny...what a waste, that cold war...all those decades, only to have greed sell us out to the whims of a Communist nation.