Is China's Politburo spoiling for a showdown with America?

Subject: txt intl china trade -
The long-simmering clash between the world's two great powers is coming to a head, with dangerous implications for the international system. China has succumbed to hubris. It has interpreted the soft diplomacy of Barack Obama for weakness, mistaken the US credit crisis for decline, and mistaken its own mercantilist bubble for ascendancy.

Within a month the US Treasury must rule whether China is a ''currency manipulator'', triggering sanctions under US law...

[Washington will cave and China knows it.]

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