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Chinese see U.S. debt as weapon in Taiwan dispute
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by Bill Gertz
China’s military stepped up pressure on the United States on Monday by calling for a government sell-off of U.S. debt securities in retaliation for recent arms sales to Taiwan.A group of senior Chinese military officers also said in state-controlled media interviews that Beijing’s leaders should boost defense spending and expand force deployments in the wake of the Pentagon’s announcement last month of a new $6.4 million arms package for the island state claimed by Beijing. Senior officers from the Chinese National Defense University and Academy of Military Sciences made what some view as an economic warfare threat, something outlined in past military writings. The comments by Maj. Gen. Zhu Chenghu and Maj. Gen. Luo Yuan and Senior Col. Ke Chunqiao appeared in the state-run Outlook Weekly magazine, part of the Xinhua News Agency, published in Beijing on Monday. Gen. Luo warned that China could attack the U.S. "by oblique means and stealthy feints," and he called for retaliation for the arms sale. "For example, we could sanction them using economic means, such as dumping some U.S. government bonds," Gen. Luo said. "Our retaliation should not be restricted to merely military matters, and we should adopt a strategic package of counterpunches covering politics, military affairs, diplomacy and economics to treat both the symptoms and root cause of this disease," said Gen. Luo, a researcher at the Academy of Military Sciences. Read more.... |