China's rise anything but peaceful

[dArKeR]

China's self-proclaimed "peaceful-rising" was recently shown to be but a mask. Beijing revealed its true, vicious face, when Chinese Major General Zhu Chenghu (???) publicly threatened that Beijing could destroy hundreds of US cities with nuclear weapons if Washington interfered militarily in the Taiwan issue. In fact, Chinese hegemony goes beyond the military aspect.
Thanks to the seriously undervalued Chinese yuan, Bei-jing has attracted the world's capital. It enjoys an advantage in exports and sees itself as the world's factory. Such hegemonism that profits at the expense of others was also exposed by the July 21 announcement that the yuan would be revalued.

The yuan's appreciation by 2 percent was insignificant and laughable, and can only be categorized as a tiny fluctuation. No wonder a trustee from Morgan Stanley, a US investment bank, criticized the move as an insult to US politicians who claim that the yuan is seriously undervalued. Oddly, the world seems to have overreacted to the move. On July 22, the Japanese yen rose by 1.39 percent. Surprisingly, the New Taiwan (NT) dollar also gained NT$0.35, or 0.96 percent, and all Asian currencies appreciated. This shows that the market is irrational and goes with the trend.

http://www.taipeitimes.com/News/editorials/archives/2005/08/06/2003266659

Children on bicycles!