> It'd be much more interesting to get an honest insight into the views of the Chinese & Japanese leadership on what they think they are getting out of this. I

> It'd be much more interesting to get an honest insight into the views of the Chinese & Japanese leadership on what they think they are getting out of this. Industry. They wanted it. They got it. This is how. Remember, debt substitutes exports in the balance of trade. Issuing debt pumps assets and dumps exports. Buying debt pumps exports and dumps assets. Countries buy US debt because they want to pump exports. They want real jobs building real things with real infrastructure and real machines. I wouldn't worry about China getting short-changed. I'd worry more about the implications of the US offshoring its industry. The implications to hard power are obvious, but the domestic implications are more consequential for most of us: "We used to make shit in this country, build shit. Now all we do is put our hand in the next guy's pocket." - The Wire