Saturday, December 31, 2011

New Destination for Rich Chinese Tourists: Wales?

America will end up as an also-ran if it can't reinvigorate its economy

(NEWSER) - America used its financial clout to knock the British Empire into second place last century and it's in danger of receiving the same treatment from China in the not-too-distant future, writes Zachary Karabell. China is the American government's biggest creditor, much as the US was to Britain in 1946, Karabell notes, and while the arrangement works fine for both parties now, it gives the Chinese the power to deliver a knockout blow to the US economy and the American dollar should the two nations' interests diverge. More?

Source: http://www.newser.com/story/136417/britain-plans-pantglas-resort-for-chinese-tourists-in-wales.html

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