The Rise of 'Chimerica'

BoyRacer · February 3, 2010, 7:35pm

The Rise of ‘Chimerica’ → spiegel.de/international/wor … 48,00.html

The US and China are already the two most powerful countries in the world. As allies, they would be unstoppable. Is the era of a double superpower taking shape?

When China sneezes, the whole world gets a cold. Bill Clinton recognized this during his term as United States president, speaking of the “potential challenge that a strong China could present to the United States in the future.” At the same time, he warned of the risk presented by a “weak China,” which could destabilize large regions of Asia.

Now Clinton’s successor and fellow Democrat Barack Obama is looking for ways to work more closely with the giant nation, with its 1.3 billion people. Obama believes that cooperation with China is essential in the coming years. “The major challenges of the 21st century, from climate change to nuclear proliferation to economic recovery, are challenges that touch both our nations, and challenges that neither of our nations can solve by acting alone,” the US president said during his recent visit to China.

there is more

BoyRacer · February 3, 2010, 8:08pm

However, China is the Saudis biggest customer.

Obama Plan to Meet Dalai Lama Prompts New Friction → bloomberg.com/apps/news?pid= … WKk0&pos=9

China threatens US sanctions over arms sale → smh.com.au/world/china-threa … -nb28.html

Saudi Aramco CEO Says China Overtakes U.S. as Largest Customer → bloomberg.com/apps/news?pid= … Hz0Y9dPza4

China: A Powerful New Trading Partner → saudi-us-relations.org/artic … nakis.html

China, Saudi Arabia to boost trade → english.peopledaily.com.cn/90001 … 65894.html