Larry Kudlow: The China Mess – What are we thinking?

From the National Review Online:

There’s a lot of bad political and economic blood developing between China and Japan, and China and the U.S. None of it is going to lead to any good.

Anti-Japanese demonstrations have broken out in Shanghai and Hong Kong, with Chinese authorities looking on with winks and nods. The Chinese want Japan to apologize for aggression in the 1930s and 1940s, although Japan has done so about forty times in recent years. The Chinese also claim not to like Japan’s newly revised history textbooks on the subject. Then there’s the ongoing squabble about oil and gas reserves on some offshore islands and the matter of Japanese membership in the U.N. Security Council.

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