So A little background on this clip. A few weeks ago a man named Chanos came on Bloomberg Charlie Rose's show. He flat out stated China is on a treadmill 'to hell' and that this is going to make Dubai look like nothing. A very bold and agitating statement, but perhaps now it is being taken as an arrogant statement as well.
observe
For a public figure head to be saying 'Chanos thinks Chinese central government officials are stupid'. I was flat out surprised by this language, and not in a good way. The protectionism of last few months includes
100% tariff's on imports from China
calls to reevaluate the Yuan
arm sales to Taiwan
Dhali lama visited president Obama in DC.
Geithner atleast has a sense of history and tact, by delaying the senate hearing over this issue a few weeks back. I sense this relationship between the US and China is getting worse.
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