Impatient China lectures the US on running an economy

It's China's turn to wave an impatient finger at the US for bad management of its economy. Beijing has had to listen to hours of endless preaching by the likes of Hank Paulson and other minions of Herr Bush about running an economy. For them, China held on to old ideas about commanding an economy, whilst they firm believers of very goosey loosey free markets had lessons to teach China. Well now the shoe is on the other foot. The US economy is in deep trouble, and China weighed heavily down with US debt is asking not only for explanations but for regulating a wild west economy. 18Brumaire readers may wonder why. China has benefited greatly from America's deindustrialisation, of the transfer en bloc of US' manufacturing sector to China which brought US companies beaucoup profits, swan in us$billions in private equity or investment capital funds which gave a strong vitamin b12 shot to China's so called road to capitalist development, and to tap into the Chinese brain and brawn for success. And such a strategy has worked too well, for now the US is the sick godfather who is a drain on China's money, time, and energy. Well, as 18Brumaire has earlier noted, the Chinese had pegged the reminbi yuan to the US$; over time Washington has called for its re evaluation as the us$ grew weaker and weaker, but Beijing turned a deaf ear to such pleas. Now for its own hard nosed approach to currency, it's seeing a holes in its money pockets. And so you've the Chinese who've learnt many capitalist lessons but never gave up the virtues of a command economy are growing impatient with an insouciant Bush administration incapable of reform. And so you've the pupil telling the teacher what to do and do it quickly. A futile exercise since smug Herr Bush won't budge an inch. Meanwhile China hit by the effects of natural and man made disasters has much to worry about, but the economy is in command, and so impatient China will lecture the US till something gives..and knowing smug capitalist that might not come soon.