President Obama ruefully returned from Asia. The Obama "pivot" to Asia from the Middle East was always a mysterious initiative. Why? What could it mean other than a provocation or threat to China? Yet his trip excluded China

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Any 'warfare' between China and the U.S. would involve an economic dynamic. China is heavily invested in the U.S. through debt bonds, and the Chinese are as reliant on the U.S. for exports as Americans are on China for its cheap foreign imports

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China is determined to shape the global financial system by establishing the Renminbi as its reserve currency. The problem is that Beijing's disputes are preventing it from fulfilling a necessary first step - establishing a regional sphere of monetary influence

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