Friday, November 27, 2009

The US’s Chinese Obsession. Can Manmohan Undo the Damage?

Regarding the recent shift in US's allegiance to China, Fareed Zakaria writes in The Newsweek, "Obama must keep in mind that South Asia is a tar pit filled with failed and dysfunctional states, save for one long-established democracy of 1.2 billion people that is the second-fastest-growing major economy in the world, a check on China's rising ambitions, and a natural ally of the United States. The prize is the relationship with India. The booby prize is governing Afghanistan."

How true! US have a propensity for playing with fire before being fired upon itself. China is exerting its economic might over the US and the US is turning a blind eye towards it and now this! Says this article, "Last week, China's pool of reserves passed the $1 trillion mark, making it the largest lake of money in the world." And it is said it is adding dollar reserves at $ 30 million per hour.

Is a shift in allegiance in order for the US, as Fareed argues? Can Manmohan (now on a trip to the US) undo the damage?

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