Skip to comments.Beijing Hints At Bond Attack On Japan
Posted on 09/19/2012 5:09:31 AM PDT by blam
Beijing Hints At Bond Attack On Japan
The Telegraph (UK)
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 Japans biggest creditor with $230bn (£141bn) of bonds to impose sanctions on Japan in the most effective manner and bring Tokyos 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 Japans 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 26pc of its global car sales in China, followed by
(Excerpt) Read more at telegraph.co.uk ...
Or as you say in English: Hello Japan, my name is Bond... Mao ZeBond
I hope Turbo Tax Timmy Geitner is paying attention...
Paying attention? He’s probably the one who suggested it to them.
i hope all americans are paying attention because this is what the chinese are going to try on us after theyre done with asia
China’s true colors are shining through. The rest of the world (execpt most of Africa because they are too stupid and greedy) will start to pull back from doing business with China. India and the rest of S. Asia will benefit greatly.
“Chinas true colors are shining through. The rest of the world (execpt most of Africa because they are too stupid and greedy) will start to pull back from doing business with China”
The executives in Bentonville, AR don’t care. They are trying to convince Shaka Zulu to convert our carriers into big container ships, so that the supply if ChiCom crap continues without interruption.
But Shaka said no. He wants to use the carriers as big
movable homeless shelters for the Occupy pukes.
And my friend Matt wants me to believe that China is not a threat to the world, but rather the United States is? Limeys...