China to EU: back off

Byline: | Category: Economy, Environment, Foreign Policy, Taxes & Spending | Posted at: Monday, 6 February 2012

The Chinese government has ordered its international air carriers to refuse to pay a European Union “global warming” tax.  The subtext of this decision is a strong message to an EU on the verge of bankruptcy and oblivion: 

“You need us more than we need you.”

Expect the EU to cave.  Expect also to see more of this as China converts its economic might into geopolitical strength.

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