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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