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China: just having a smoke before stepping up to the plate?

 
  

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unheimlich manoeuvre
22:48 / 27.07.07
China, Blackstone and the unseen risk in sovereign wealth funds

Keep your T-bonds, we'll take the bank.

China and Singapore take a stake in UK high street bank Barclays.

The world's most expensive club

"Sovereign-wealth funds could soon become the most important buyers of such assets, and many others besides. If so, the world will witness the intriguing spectacle of its largest private companies being owned by governments whose belief in capitalism is often partial."
 
 
grant
17:56 / 12.11.07
I see your banking and raise you a sub popping up to say "Hi!" in the middle of maneuvers.

The U.S.S. Kitty Hawk aircraft carrier, the two subs beneath it, the fleet of ships surrounding it - none of them had a clue the Chinese sub was there until it popped up.

One official is comparing this to the launch of Sputnik.
 
 
*
03:50 / 13.11.07
It probably says something unflattering about my priorities that I'm worried what that means for the whales.
 
 
grant
14:10 / 13.11.07
Well, if that's what you're worried about, the sub managed to do that because it was extraordinarily silent, thus whale-friendly.
 
 
unheimlich manoeuvre
08:20 / 15.11.07
The U.S.S. Kitty Hawk aircraft carrier, the two subs beneath it, the fleet of ships surrounding it - none of them had a clue the Chinese sub was there until it popped up.

The same thing happened last year to the U.S.S. Kitty Hawk, which is on China station.

BBC. 14 November 2006.

"According to the Washington Times, the Chinese had surfaced in ocean waters near the Japanese island of Okinawa, a mere 8km (five miles) from the carrier group."
 
 
grant
15:05 / 15.11.07
So I guess set your calendars for next year....
 
 
grant
13:40 / 03.04.08
In an even more whatever-that-is (unsurprising international surprise?), a Chinese spy has just been sentenced to 24 1/2 years in the US.

Chi Mak spent 20 years living in LA, advancing up the corporate/engineering ladder until he got to a place where he could courier U.S. naval secrets back to China.

According to U.S. intelligence and Justice Department officials, the Mak case represents only a small facet of an intelligence-gathering operation that has long been in place and is growing in size and sophistication.

The Chinese government, in an enterprise that one senior official likened to an "intellectual vacuum cleaner," has deployed a diverse network of professional spies, students, scientists and others to systematically collect U.S. know-how, the officials said. Some are trained in modern electronic techniques for snooping on wireless computer transactions. Others, such as Mak, are technical experts who have been in place for years and have blended into their communities.

"Chi Mak acknowledged that he had been placed in the United States more than 20 years earlier, in order to burrow into the defense-industrial establishment to steal secrets," Joel Brenner, the head of counterintelligence for the Office of the Director of National Intelligence, said in an interview. "It speaks of deep patience," he said, and is part of a pattern.

Other recent prosecutions illustrate the scale of the problem.


The article goes on to list quite a few recently prosecuted spies & information traders.

So I don't think China is "just having a smoke".
 
 
grant
16:28 / 04.04.08
And why Mak's work might have mattered:

The U.S. doesn't have the tech capability to even *test* defenses against China's latest missile:

The Sizzler starts at subsonic speeds. Within 10 nautical miles of its target, a rocket-propelled warhead separates and accelerates to three times the speed of sound, flying no more than 10 meters (33 feet) above sea level. On final approach, the missile 'has the potential to perform very high defensive maneuvers,' including sharp-angled dodges, the Office of Naval Intelligence said....

Wired, you do not help me sleep at night.
 
 
Jack The Bodiless
10:29 / 21.05.08
Well, that's why it's called 'Wired'. A larf larf larf.

Sorry.
 
  

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