A major fear of Conservatives, one no doubted pushed by those who would benefit from even more
U. S. spending on
defense is that this country must build a strong military to protect us against
China. After all, China
could put a couple of million soldiers on ships and take a two week cruise
across the Pacific and invade . Yes it could happen. Pismo
Lennar Corp., one of the U.S.'s largest home builders, is in talks with the China Development Bank for approximately $1.7 billion in capital to jump-start two long-delayed San Francisco projects that would transform two former naval bases into large-scale housing developments, according to people familiar with the discussions.
The negotiations aren't final and the financing arrangement could still fall through. But if completed, the deal would reflect a changing dynamic between the U.S. and Chinese economies, as an American company turns to China for help funding a long-delayed and partially publicly funded project that otherwise wouldn't get done.
Of course, until now the Chinese have concentrated primarily on the developing part of the planet.
In recent years, Chinese state money—in large part provided by CDB and its counterpart the Export-Import Bank of
been pivotal in funding major infrastructure and resource projects around the
world, but the bulk of that activity has been in developing countries in
Africa, South America and Asia.
But maybe this means that the
is looking more like a developing rather than a developed nation.
With Chinese firms increasingly eyeing opportunities in the
U.S. and other developed markets, CDB will
likely find itself being approached to fund more deals in the People familiar with the
negotiations said CDB was using the Treasure Island and Hunters Point
projects—which both include "green" building and affordable housing
components that are of interest to Chinese builders—as a test case to become
familiar with what's required for doing such deals in the U.S. U.S.
But that’s ok. If Republicans succeed in adopting the austerity programs they so want to do, with massive cuts in government spending and the fiction of stimulating the economy by massive cuts in taxes for the wealthy the
U. S. will look more and more like
a developing nation. And China may then feel they have a moral imperative
to send aid to the U. S.