From the Invester’s Business Daily, via Yahoo News:
“Geopolitics: Americans, take note. While we focus on winning the war on terror and managing our troubled relations with Europe, China is fast coming of age in the world economy. It’s our next big challenge.
Two very different news items Friday underscore China’s vault to prominence — a prominence that holds both promise and peril in coming years.
In one, IBM reportedly is set to sell its PC business to China’s Lenovo for about $2 billion. A mere decade ago, that would have been virtually unthinkable.
In the other, China has launched a new submarine class — one capable of carrying ballistic nuclear missiles that will be able to reach virtually any spot on the globe. ”
