Tes there could me an element of sabre rattling in it,
but they have built a lot of their fortune on industrial espionage, stealing and copying the West's technology and using their cheap labour to undercut us.
If you are so far from the left why are you supporting the communist dictatorship of China, the troublemakers of the Far East. Are you brainwashed to the extent that other people's views don't matter. I suppose a woman's point of view is to be dismissed.
Everyone should be able to have a point of view on CS, my view is the communist dictatorship in China is just that, a dictatorship. With the accompanying state brainwashing. JMO.
BEIJING - China said Saturday its military seized a U.S. Navy unmanned underwater glider in the South China Sea to ensure the "safe navigation of passing ships," but would give back the drone after determining it was an American device.
The United States later confirmed it had "secured an understanding" for the return, seeming to settle one of the most serious incidents between the two militaries in years.
The Chinese navy on Thursday seized the drone, which the Pentagon said was being operated by civilian contractors to conduct oceanic research. The U.S. lodged a formal diplomatic complaint and demand the drone back.
Chinese Defense Ministry spokesman Yang Yujun issued a statement late Saturday saying that a Chinese navy lifeboat discovered an unknown device in the South China Sea on Thursday.
"In order to prevent this device from posing a danger to the safe navigation of passing ships and personnel, the Chinese lifeboat adopted a professional and responsible attitude in investigating and verifying the device," Yang said.
The statement said that after verifying that the device was an American unmanned submerged device, "China decided to transfer it to the U.S. through appropriate means."
The U.S. said that "through direct engagement with Chinese authorities, we have secured an understanding that the Chinese will return" the unmanned underwater vehicle, according to a statement from Peter Cook, spokesman for U.S. Defense Secretary Ash Carter.
The U.S. said China's "unlawful seizure" came in international waters.
Yet China pointedly accused the U.S. of long sending ships "in China's presence" to conduct "military surveying."
"China is resolutely opposed to this and requests the U.S. stop such activities," it said. "China will continue to maintain vigilance against the relevant U.S. activities and will take necessary measures to deal with them."
Earlier Saturday, China's foreign ministry said the country's military was in contact with its American counterparts on "appropriately handling" the incident, though it offered no details on what discussions were underway.
The drone was seized while collecting unclassified scientific data about 92 kilometers (57 miles) northwest of Subic Bay near the Philippines in the South China Sea, which China claims virtually in its entirety, Navy Capt. Jeff Davis, a Pentagon spokesman, said Friday.
The larger issue here is that Europe’s common currency likely can’t survive the departure of a member as large and influential as Italy.
Britain’s vote to leave the EU earlier this year sent shock waves across the continent, since Britain is one of Europe’s biggest and wealthiest nations. But at least Britain had never joined Europe’s common currency, so Brexit didn’t do anything to undermine public confidence in the euro.
Italy is a member of the eurozone. And if it were to start on the road to leaving the common currency, that could fatally undermine confidence in the entire euro project.
Remember, the basic idea of the euro is that a euro in a German bank is worth the same as a euro in an Irish or Italian bank. That confidence depends on the belief that the common currency regime is permanent. That belief allows people to make long-term, cross-border investments denominated in euros, secure in the belief that an Irish or Italian euro will be worth as much as a German euro five, 10, or 20 years in the future.
But if people start to doubt the euro’s long-term viability, it’s going to introduce a lot of frictions into the European system. People will be reluctant to lend euros to people in peripheral countries like Italy, Portugal, or Ireland for fear that they’ll eventually be paid back in depreciated Italian liras, Portuguese escudos, or Irish pounds.
And that, in turn, will hamper the growth of peripheral economies, hindering economic growth in these countries even further and increasing public dissatisfaction with the euro regime. That could increase pressure for peripheral countries to exit, making discussion of the possibility of a self-fulfilling prophecy.
To be clear, none of this is all that likely to happen. Europe’s leaders have repeatedly vowed to maintain the euro at all costs, and right now investors seem to believe them.
But the eurozone’s awkward institutional structure — it’s something in between a single sovereign entity and a confederation of 19 independent nations — creates uncertainty about its future. Any one of the 19 members can create chaos for the other 18 by threatening to leave the currency block.
Italian Prime Minister Matteo Renzi is resigning after Italian voters rejected a constitutional reform proposal Renzi had avidly supported. His resignation could have big implications not only for Italian politics but also for the health of Italy’s banks and ultimately the future of Europe’s common currency.
Renzi’s resignation will lead to a period of uncertainty as Italy tries to form a new government. And that’s significant because some Italian banks are teetering on the edge of insolvency. One of Italy’s leading banks, Monte dei Paschi di Siena, is planning to sell new shares days after the vote to shore up its balance sheet.
But the “no” vote, and Renzi’s resignation, is likely to scare away investors worried that political turmoil could undermine the already shaky balance sheets of Italian banks. And that, in turn, could have big implications for the future of the Italian economy.
Italy and the EU disagree about who should pay to prop up the banks.
talian Prime Minister Matteo Renzi is resigning after Italian voters rejected a constitutional reform proposal Renzi had avidly supported. His resignation could have big implications not only for Italian politics but also for the health of Italy’s banks and ultimately the future of Europe’s common currency.
Renzi’s resignation will lead to a period of uncertainty as Italy tries to form a new government. And that’s significant because some Italian banks are teetering on the edge of insolvency. One of Italy’s leading banks, Monte dei Paschi di Siena, is planning to sell new shares days after the vote to shore up its balance sheet.
But the “no” vote, and Renzi’s resignation, is likely to scare away investors worried that political turmoil could undermine the already shaky balance sheets of Italian banks. And that, in turn, could have big implications for the future of the Italian economy.
tomcatwarne Forum Posts (17,106)
RE: The people has spoken, Trump our new Leader, Part 2
attacking people because English is their second language is substitute for valid argument.