Okay, I recently found out that the Chinese (PRC) government couldn’t stop buying American debt (That is it lends money to the US government which gives it a little bit of interest regularly until sometime in the future when it gives the money back)
There are some attempts, by the Chinese to spend money in the US. Some were blocked blatantly by the US government such as 3Com and UNOCAL, while in other cases, it seemed almost certainly win-win for both sides due to Chinese expertise, manufacturing resources and unique perspective but ultimately failed: Yahoo, Maytag, etc. All this protectionism may or may not be beneficial to the American people. Here for instance is another very very specific case of preventing China from spending all this debt America owes it by way of the “country with special concern” designation which prevents lobbyist from being paid by the PRC. article. Btw, I’ve heard of this from a second radio source as well, but it doesn’t appear to be listed on congressman Wolf’s website.
This, btw, is fantastic news for the people of PRC. The government won’t be spending their tax money on American politicians. AND it is fantastic news for other lobby interests all of whom now have one fewer competitor and therefore has to pay much less.
But let’s for the moment assume that China has too much US $$, and that most avenues of investment: equity in companies, real estate, lobbying, etc. have been ruled out as certain losers. What else can it do with it’s money
Well, let’s see… The one thing that we see the most in America, aside from Chinese restaurants and those evil cult protesters are poor Chinese students. They come to the US having beat everyone else in their own country in their respective arts and sciences or skills, and they often end up delivering food for those aforementioned restaurants or joining evil cults for residency and working rights in the United States. Why doesn’t the Chinese government establish a scholarship for any Chinese student being normally accepted into an American institution so that they can pursue their dreams of excellence in their arts and crafts? Would that not be the most effective investment?? And let me assert that the Chinese government have enough money in the bank to pay for a decent education for all of its students accepted in the to schools in the US. This, btw, is entirely legal in America, even if the funds are managed and disbursed in an American entity.
Oh, WTF, while we are at it, why don’t the PRC. government endow a general scholarship (name it the People’s Republic of China Scholarship for Excellence) that is given to the best candidate of any nationality and race. Imagine some twenty years later, and the president of France, or prime minister of India, or some Nobel laureate proudly thanks American university for an education and China for it’s awesome scholarship. Wouldn’t that be quite an accomplishment ?!!
The money can be spent on establish libraries. They can start a Museum collecting arts of Chinese origin but that have been admired and possessed by non-Chinese. These art are true treasures that have possessed not only their originators but also many other peoples of other race and culture. Wouldn’t that be an awesome museum??!!
Why don’t the Chinese people take all that debt and rent a county; and on that county why don’t they build a university. Build the Chinese University of America. This act not only revitalizes a whole American town, or perhaps a whole state, but also produces jobs, educates new minds, and most of all creates the most perfect nexus of the two cultures and the enlighten minds of the two people. This not only creates jobs in America, it would not only be building American infrastructure, but would also be creating a new believe, a new trust, a new friendship–a new hope for the two people.
Why don’t they spend their money that way?