Asia Times Online, 28 Mar 2009, Chan Akya
"The old rules of banking apply: owe $1 million to the bank and they got you; owe $1 billion and you got them.
In effect, the weaker party in the relationship between China and the United States is the former not the latter. The noise from Premier Wen and governor Zhou is simply a smokescreen to deflect this reality and create a more palatable situation going forward, at least strategically.
Unfortunately, not even the US Federal Reserve and Treasury are that stupid to buy into the risks of the Chinese offensive. If anything, the two agencies may well be overcompensating for greater weakness from China; in effect laying the groundwork for a significant swell in inflation going forward."
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