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Kent Ewing on China Engagement | China Digital Times (CDT)

Kent Ewing on China Engagement Posted by Beau Rowland | Nov 6, 2008  Kent Ewing summarizes China’s marginal role within the U.S.’s presidential campaign rhetoric.  This, however, is not to undermine the changes in the relationship that may precipitate from an Obama policy of increased foreign engagement.  From the  Indeed, even during the epic presidential campaign, China – which is laying claim to the 21st century just as America did to the 20th – hardly figured in the conversation except as an infrequently mentioned bogeyman guilty of currency manipulation, exportation of tainted products and – of course – communism, communism and more communism. The two candidates also failed to explain that China, currently holding US$1.33 trillion in foreign reserves, a significant portion of which is tied up in US Treasury bonds, basically underwrote the sustained boom of the US economy and could now be a key player in managing the recent bust. 

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