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"While we\u2019re on the subject of civil war, Time\u2019s Michael Schuman points to a country where it seems all too plausible: China.\nMassive\u00A0poverty and a dependence on strong growth largely explain why Chinese leaders\u00A0are in no great hurry to let their currency appreciate, Schuman writes.\n\n  \nSeen in a happier kennel\nThough China is widely imagined in the financial press as the great locomotive that will pull the West out of its debt-soaked ditch, he notes that 200 million Chinese subsist on less than $1.25 a day. And while China\u2019s development in recent decades has been a great success story, naturally\u00A0it has created its own issues.\nI recall visiting a factory in the industrial enclave of Shenzhen a few years back. The factory was located on an upper floor in a large building that housed several others. As I ascended in an elevator with the factory manager, the doors opened suddenly. I got a glimpse of a mob of workers screaming in a darkened room. The doors shut. \u201CThat&amp;#8217;s not my factory,\u201D the manager accompanying me said. Turns out the workers were furious over unpaid wages. Such protests and near-riots aren&amp;#8217;t unusual in China.\nOf course, that\u2019s not the only reason China\u2019s not doing what the U.S. wants. There is also the fact that the United States has drunk its own free-market Kool-Aid, Clyde Prestowitz writes &amp;#8212; in spite of the fact that it was outright trade hostility that actually saved the day when Japan was ascendant.\nBut Washington has become so convinced it beat Japan with free market policies that it is not responding to Beijing at all as it did to Tokyo. Barack Obama&amp;#8217;s administration has filed only one WTO complaint since taking office and has steadfastly refused to label Beijing a currency manipulator &amp;#8212; though it clearly is. Washington has not even dared to think about voluntary export restraints and has had little success persuading Beijing to revalue the yuan. That&amp;#8217;s no surprise: The Chinese are convinced that the Plaza Accord led to Japan&amp;#8217;s collapse and have vowed to avoid the same mistake. As one high official of the People&amp;#8217;s Bank of China told me, &amp;#8220;We&amp;#8217;re not going to be crazy like the Japanese.&amp;#8221;\nNo, of course not. That\u2019s a nice quote, but Prestowitz has a better one that also potentially speaks to China\u2019s other recent ones on the trade front, such as the apparent\u00A0rare earth minerals embargo:\nAs one Chinese friend explained to me last year, &amp;#8220;Now we have all the foreign dogs in the kennel, and we&amp;#8217;re going to beat the stuffing out of them.&amp;#8221;\nSounds like fun, though it probably can&amp;#8217;t match a good civil war."^^<http://www.w3.org/2001/XMLSchema#string>
<http://fortune.com/2010/10/20/why-china-doesnt-ask-how-high-when-we-say-jump/>