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Beijing hints at bond attack on Japan
The Telegraph ^ | 9/18/2012 | Ambrose Evans-Pritchard

Posted on 09/18/2012 3:16:00 PM PDT by bruinbirdman

A senior advisor to the Chinese government has called for an attack on the Japanese bond market to precipitate a funding crisis and bring the country to its knees, unless Tokyo reverses its decision to nationalise the disputed Senkaku/Diaoyu islands in the East China Sea.

Jin Baisong from the Chinese Academy of International Trade – a branch of the commerce ministry – said China should use its power as Japan’s biggest creditor with $230bn (£141bn) of bonds to “impose sanctions on Japan in the most effective manner” and bring Tokyo’s festering fiscal crisis to a head.

Writing in the Communist Party newspaper China Daily, Mr Jin called on China to invoke the “security exception” rule under the World Trade Organisation to punish Japan, rejecting arguments that a trade war between the two Pacific giants would be mutually destructive.

Separately, the Hong Kong Economic Journal reported that China is drawing up plans to cut off Japan’s supplies of rare earth metals needed for hi-tech industry.

The warnings came as anti-Japanese protests spread to 85 cities across China, forcing Japanese companies to shutter factories and suspend operations.

Fitch Ratings threatened to downgrade a clutch of Japanese exporters if the clash drags on. It warned that Nissan is heavily at risk with 26p of its global car sales in China, followed by Honda with 20pc. Sharp and Panasonic both have major exposure. Japan’s exports to China were $74bn in the first half of this year. Bilateral trade reached $345bn last year.

Mr Jin said China can afford to sacrifice its “low-value-added” exports to Japan at a small cost. By contrast, Japan relies on Chinese demand to keep its economy afloat and stave off “irreversible” decline.

“It’s clear that China can deal a heavy blow to the Japanese economy

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; News/Current Events
KEYWORDS:

1 posted on 09/18/2012 3:16:03 PM PDT by bruinbirdman
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To: bruinbirdman

Those Chinese... always playing fair. /SARC


2 posted on 09/18/2012 3:20:00 PM PDT by Viennacon
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To: bruinbirdman
Bond works for Her Majesty old boy. Never forget that.


3 posted on 09/18/2012 3:21:36 PM PDT by Bloody Sam Roberts (Knowledge is knowing a tomato is a fruit; Wisdom is not putting it in a fruit salad.)
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To: bruinbirdman

Go ahead China...show the world what you are.


4 posted on 09/18/2012 3:22:06 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: bruinbirdman

Let’s test his theory and isolate China, don’t stop with Japan. They wanted to trade with the World, do they want to stop now?

The Chinese are thugs. That is their personality plus they are communists. It’s going to happen sooner or later.


5 posted on 09/18/2012 3:22:39 PM PDT by Williams (No Obama)
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To: Williams

They’re totalitarian thugs but they’re communist in name only. For all practical purposes their system of government is fascist.


6 posted on 09/18/2012 3:27:06 PM PDT by Squawk 8888 (True North- Strong Leader, Strong Dollar, Strong and Free!)
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To: bruinbirdman

Go ahead China. You’ll get your ass handed to you again.


7 posted on 09/18/2012 3:31:24 PM PDT by rsobin
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To: bruinbirdman; maikeru; Dr. Marten; Eric in the Ozarks; Al Gator; snowsislander; sushiman; ...
China's saber rattling is growing louder as they know that, even if a US base in Japan were "errantly" bombed (a-la China's Belgrade embassy bombed by Clinton in '99), Team Soetoro is too cowardly to respond.

In the Middle East US embassies, ambassadors and Marine bases are fair game for pillage and murder... it's Beijing's turn for a cheap shot!

日本 ピング  (kono risuto ni hairitai ka detai wo shirasete kudasai : let me know if you want on or off this list)

8 posted on 09/18/2012 3:40:28 PM PDT by DTogo (High time to bring back the Sons of Liberty !!)
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To: bruinbirdman

China also recently took the Paracel and Spratly islands between Vietnam, Malaysia and the Philippines. Most of us haven’t been fully informed about the One China policy or the history and culture behind it.

Postcards From A Furious China (Photos of Anti-Japanese Riots)
http://www.freerepublic.com/focus/f-news/2932139/posts

Chinese Protests against Japan Spread (Images)
http://www.freerepublic.com/focus/f-news/2932034/posts

Asian disputes could trigger war (Leon Panetta)
http://www.freerepublic.com/focus/f-news/2932094/posts


9 posted on 09/18/2012 3:45:53 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: bruinbirdman
"A senior advisor to the Chinese government has called for an attack on the Japanese bond market to precipitate a funding crisis and bring the country to its knees,..."

The Peoples Republic of China -- exposing a giant flaw in the world financial system regarding trading with an oppressive communist government. China, please continue. Don't stop with your plan to take down Japan financially. Move on to the United States. Expose the foolishness of the free trader crowd and of stupid naive Western governments next!

10 posted on 09/18/2012 4:09:28 PM PDT by StormEye
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To: DTogo

That’s a very scary thought. My wife works on Yokota AB.


11 posted on 09/18/2012 4:12:46 PM PDT by Ronin (Dumb, dependent and Democrat is no way to go through life - Rep. L. Gohmert, Tex)
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To: Ronin

The Made-in-China cloth flag flying over the base is about all the protection Mordor will allow the USAF to muster in response.


12 posted on 09/18/2012 4:18:01 PM PDT by DTogo (High time to bring back the Sons of Liberty !!)
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To: bruinbirdman

How much of Apple’s resouces are in China? War would dump Apple. Zero’s response would be to apologize and bow to Beijing/sarc?


13 posted on 09/18/2012 4:23:11 PM PDT by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: bruinbirdman
"From at least the mid-1970s until 1986, President Barack Obama‘s nomination for Secretary of Defense, Leon Panetta, had a close personal friendship with Hugh DeLacy, a Santa Cruz, California activist and a life long Marxist-Leninist.

Then Congressman Panetta and DeLacy exchanged letters over many years – almost all of which dealt with defense and foreign policy issues. Many involved requests by DeLacy for information, policy papers, etc., which Panetta went out of his way to supply.

What Panetta hopefully did not know was that in the year before this correspondence began, Hugh DeLacy had been in the People’s Republic of China meeting with three men, all at one time accused of having spied for the Soviet Union. One of them, Solomon Adler, was at that time, reliably reported to be a senior advisor to the Chinese intelligence services."

It's a tangled web we weave.

link

14 posted on 09/18/2012 4:28:17 PM PDT by Cementjungle
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To: Viennacon

The Han Chinese, who are the ruling class and the majority of Chinese, have a two thousand plus year history of being utterly ruthless. We see this in Tibet, the Japanese are soon to experience it, and our day will come too. This is exactly how things will go when the Chinese want Taiwan, they will attack our financial markets, in various ways, but the effect will be the same as if our country was nuked. Our economy, which is already teetering on bankruptcy, will self-destruct. You will be bartering for any and/or everything you want. Bartering, in and of itself is a highly inefficient way to conduct business. Our companies will be unable to trade with international businesses, as we won’t have any currency to complete the transactions. You might think gold and silver will be enough, but there is nowhere near enough gold and silver in the world to conduct business on the scale that is currently conducted. It will spell an economic depression that will give new meaning to the word, and the depression of the 1930’s will be reflected upon in nostalgic terms compared to the depression the Chinese can cause.

We do know the stock market crash of 2008 was caused by a foreign government, or a cabal of very powerful hedge funds. This was reported on by the CIA in congressional hearings which were swept under the rug by the propagandists posing as mainstream journalists. If I was betting, I’d bet that it was done, by the Chinese government in a well coordinated attempt to replace the US currency as the world currency. That is their immediate goal, it is shocking that so many in our government can’t see who the real enemies are, and are so blinded as to not be able to do their jobs properly. This threat from the Chinese should be all that would be necessary to alarm a responsible government.


15 posted on 09/18/2012 4:52:51 PM PDT by krogers58
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To: bruinbirdman
seems to me that if someone owes you $230 bn you are the on that should be careful
16 posted on 09/18/2012 5:39:01 PM PDT by paul51 (11 September 2001 - Never forget)
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To: bruinbirdman

Beijing demonstrators damage US ambassador’s car
http://news.yahoo.com/beijing-demonstrators-damage-us-ambassadors-car-012025364.html?_esi=1


17 posted on 09/18/2012 8:35:33 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: familyop

China is headed back to 3rd world status (much of the population never left) and its going to be UGLY


18 posted on 09/18/2012 8:37:36 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: bruinbirdman

Indian Army planning to deploy artillery, tank brigades along border with China
http://www.freerepublic.com/focus/f-news/2933136/posts


19 posted on 09/18/2012 9:50:25 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: dynachrome
How much of Apple’s resouces are in China? War would dump Apple. Zero’s response would be to apologize and bow to Beijing/sarc?

Apple, HP, Dell, IBM, Intel, you name it, if it's a tech company here in the US, they have a heavy investment residing in Chinese factors. The media likes to go after Apple, but the same factories that make Macs make Dells and HPs and the same ones that make iPhones make the Android phones, etc.

This situation is what I worry about more than any military conflict with China. This situation could do far more harm to a country, and I think it's partly why China has invested so heavily in the US, Japan, South Korea, etc.

You devastate a country's financial and manufacturing sectors, you could put double digit numbers of the population out of work, on top of those already out of work, which would increase the reliance on government, which would mean the Democrats have a lock on it for decades to come.
20 posted on 09/19/2012 3:46:01 AM PDT by af_vet_rr
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To: paul51
seems to me that if someone owes you $230 bn you are the on that should be careful

Not if it was a deliberate move on your part to take in that debt so you'd have power over them. It's not the money that's important to the Chinese, it's the influence they have over Japan's finances, just as it is here.
21 posted on 09/19/2012 3:48:57 AM PDT by af_vet_rr
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To: af_vet_rr
In that case the chinese may learn that if you play stupid games, you win stupid prizes
22 posted on 09/19/2012 7:50:04 AM PDT by paul51 (11 September 2001 - Never forget)
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