We surely livein a wonderful world for China to have risen from the communist dead so quickly such that you feel the need to talk this still very poor country down.
No matter if you are inChina or in the United States, we all livein a global interconnected economy and we all seem to get caught up in the human and emotional side of investing.
So my only concern is that, yeah, China may become a democracy in 50 or 60 years, but we have to live through the intervening decades and face the strategic realities that are going to exist during that period.
We made progress with China and Russia in sending a unified message to Iran and North Korea that they must live up to their international obligations and either forsake nuclear weapons or face the consequences.