Behaving Like Children
Sweet Mother of Jesus. If you take the
recent issue between China and Japan, where the Chinese delegation left abruptly, and replace China with "Tommy" and Japan with "Jimmy", you'd get the typical kindergarten play yard spat. Except on a much larger scale, and with all the delicious scandal of a celebrity lover's trist gone bad.
It's no wonder - take two contries who value pride above everything else. Each gets some dirt on the face of the other. BOOM!
If this happened to Americans, the American official would look to his handlers and say "Screw them. If they don't want to talk, we'll take our business elsewhere." No petty "You insulted me first...NO YOU DID" schoolyard crap.
Those other folks don't want to play ball? Take your game somewhere else and make them regret it.
Chinese Communist Currency Policy
The Communists in China are very unaccustomed to competition. They run pretty much everything and can pretty much do away with any dissention.
They've pegged their currency value to the US dollar at a rate where US goods will always be expensive, and their goods will always be cheap. Europe is all but locked out of their markets.
The world is getting upset at the Chinese for their unfair, non-competitive currency policy. Not unpredictably, the Chinese have no interest in modifying their currency policy, as it artificially keeps their goods cheap and keeps the goods of others expensive.
Their first response was in essence "We'll change it when we're good and ready". Today, they
announced the opening of a Chinese currency exchange which allows trading on every major currency except the Chinese Yuan.
The Chinese have no motivation to change the status quo, unless the US and EU decide to get tough, which won't happen.
