US - China Relations
The vice president of the US, Joe Biden, had his first official talks with his counterparts in China. In a pictured dialogue with the Chinese political leader, the second highest in the US has announced the intentions of the US to improve its relationship with China and to develop mutual reliance which would ensure global financial stability.
The words of the US vice president were not a simple and a commonly spread gesture to a host - they were actually true. Cold relationship between the two countries would be counter - productive to the US since China is the biggest creditor to the US. Little do people know about this - hardly is there anyone who can predict that almost 3% of the US business loans are made possible by banks because they have received investments in debt by the Chinese. The circulation of Chinese money in the US economy ensures a capacity to fight debt crisis problems and a solution to ongoing financial problems in the world as a whole.
Second factor that needs to be addressed by the vice leaders of the two major countries in the world trade is one of military compromise. The US cannot put up with the desire of the Chinese to develop sophisticated military technology for the sole use of its own army. The fact that weaponry producers are state owned is good indicator for the condition of the weapon industry in the country- it works solely for its owner.
So two leaders of two powerful countries develop a relationship and a dialogue which the world economy and peace rest upon. Let’s hope they will reach a satisfactory conclusion.
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