China PLA officers urge economic punch against U.S.

Hiedi · #1 (**permalink**) 02-09-2010, 08:10 PM

Quote:

China PLA officers urge economic punch against U.S.

BEIJING (Reuters) - Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.

The calls for broad retaliation over the planned U.S. weapons sales to the disputed island came from officers at China's National Defence University and Academy of Military Sciences, interviewed by Outlook Weekly, a Chinese-language magazine published by the official Xinhua news agency.

The interviews with Major Generals Zhu Chenghu and Luo Yuan and Senior Colonel Ke Chunqiao appeared in the issue published on Monday.

The People's Liberation Army (PLA) plays no role in setting policy for China's foreign exchange holdings. Officials in charge of that area have given no sign of any moves to sell U.S. Treasury bonds over the weapons sales, a move that could alarm markets and damage the value of China's own holdings.

While far from representing fixed government policy, the open demands for retaliation by the PLA officers underscored the domestic pressures on Beijing to deliver on its threats to punish the Obama administration over the arms sales.

"Our retaliation should not be restricted to merely military matters, and we should adopt a strategic package of counter-punches covering politics, military affairs, diplomacy and economics to treat both the symptoms and root cause of this disease," said Luo Yuan, a researcher at the Academy of Military Sciences.

"Just like two people rowing a boat, if the United States first throws the strokes into chaos, then so must we."

Luo said Beijing could "attack by oblique means and stealthy feints" to make its point in Washington.

"For example, we could sanction them using economic means, such as dumping some U.S. government bonds," Luo said.

The warnings from the PLA come after weeks of strains between Washington and Beijing, who have also been at odds over Internet controls and hacking, trade and currency quarrels, and President Barack Obama's planned meeting with the Dalai Lama, the exiled Tibetan leader reviled by China as a "separatist."

MILITARY SPENDING BOOST

Chinese has blasted the United States over the planned $6.4 billion arms package for Taiwan unveiled in late January, saying it will sanction U.S. firms that sell weapons to the self-ruled island that Beijing considers a breakaway province of China.

China is likely to unveil its official military budget for 2010 next month, when the Communist Party-controlled national parliament meets for its annual session.

The PLA officers suggested that budget should mirror China's ire toward Washington.

"Clearly propose that due to the threat in the Taiwan Sea, we are increasing military spending," said Luo.

Last year, the government set the official military budget at 480.7 billion yuan ($70.4 billion), a 14.9 percent rise on the one in 2008, continuing a nearly unbroken succession of double-digit increases over more than two decades.

The fresh U.S. arms sales threatened Chinese military installations on the mainland coast facing Taiwan, and "this gives us no choice but to increase defense spending and adjust (military) deployments," said Zhu Chenghu, a major general at China's National Defence University in Beijing.

In 2005, Zhu stirred controversy by suggesting China could use nuclear weapons if the United States intervened militarily in a conflict over Taiwan.

The United States switched official recognition from Taiwan to China in 1979. But the Taiwan Relations Act, passed the same year, guarantees Taiwan a continued supply of defensive weapons.

China has the world's biggest pile of foreign currency reserves, much of it held in U.S. treasury debt. China held $798.9 billion in U.S. Treasuries at end-October.

But any attempt to use that stake against Washington would probably maul the value of China's own dollar-denominated assets.

China has condemned previous arms sales, but has taken little action in response to them. But Luo said the country's growing strength meant that time has passed.

"China's attitude and actions over U.S. weapons sales to Taiwan will be increasingly tough," the magazine cited him as saying. "That is inevitable with rising national strength."

Hiedi · #2 (**permalink**) 02-09-2010, 11:08 PM

So let the games begin. How in the HELL did America ever become so indebted to a nation like China?

Thank God, I do not have any children. In the future, I suspect the world will not just be fighting wars with guns and bombs; but it will be tactics of financial warfare as well.

mlurp · #3 (**permalink**) 02-11-2010, 01:45 PM

Quote:

Originally Posted by Hiedi

So let the games begin. How in the HELL did America ever become so indebted to a nation like China?

Thank God, I do not have any children. In the future, I suspect the world will not just be fighting wars with guns and bombs; but it will be tactics of financial warfare as well.

It goes back a long while ago. In WWII the Japan Nation attacked China for resources and land.

America helped the free China Army and Airforce... Then Mao gathered men to attack the free Chinese Army, pushing them to leave to Taiwan.. Which we supported.
I went there for R&R while in the Nam.

The problem is if China wants the Islands they could take them quickly.. And we would be an after fact response if any at all.

Late in 67 the Blidgbergers met and decided to bring the Chinese into the world court. The next year Nixion was there. Then the Oil Companies... The only thing with all the economic growth China is still at the level it was at before the meeting. The Govt. has the extra money and our debt but most of China is very poor.

I read that somewhere in a report.

Hiedi · #4 (**permalink**) 02-11-2010, 05:49 PM

Quote:

Late in 67 the Blidgbergers met and decided to bring the Chinese into the world court.

Hey mlurp, did you mean "Bilderbergers" or "Bilderbergs"? Just curious because I have been hearing a lot about them lately, but I am not exactly sure who they are and why they exist?

mlurp · #5 (**permalink**) 02-14-2010, 04:15 PM

Quote:

Originally Posted by Hiedi

Hey mlurp, did you mean "Bilderbergers" or "Bilderbergs"? Just curious because I have been hearing a lot about them lately, but I am not exactly sure who they are and why they exist?

Thats a lot closer than I guess at, Bilderbergers, they meet each year and every 4 years in America.

But you don't hear much in the media. Local news might report the meeting but thats about it.

Less than 200 people meet and are the top of each country involved yet no news... Something is fishy....

Hiedi · #6 (**permalink**) 02-15-2010, 07:32 PM

Quote:

Originally Posted by mlurp

Thats a lot closer than I guess at, Bilderbergers, they meet each year and every 4 years in America.

But you don't hear much in the media. Local news might report the meeting but thats about it.

Less than 200 people meet and are the top of each country involved yet no news... Something is fishy....

But what is their purpose? Someone should start a thread in the conspiracy section on this topic, although I still haven't figured out the mystery behind the Georgia Guidestones yet.

mlurp · #7 (**permalink**) 02-15-2010, 08:11 PM

Quote:

Originally Posted by Hiedi

But what is their purpose? Someone should start a thread in the conspiracy section on this topic, although I still haven't figured out the mystery behind the Georgia Guidestones yet.

Thats the point the world doesn't know unless some action is made world wide. Once I read that a late Friday the decusion was about US gas prices and federal taxes.
That Monday the federal govt. raised the tax on gasoline.

Their is no trail to follow. Some get pictures of them. But thats about all. No notes or records of any kind, period!

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