A European Crisis, Not A China Slow Down, Will Trigger A Global Collapse – General

A senior Chinese central bank official criticized the handling of the Greek debt crisis, highlighting global concern about the situation in Europe.

China has capitalized on the financial crisis to expand its influence in Europe, promising to buy Greek, Spanish and Portuguese bonds. But its most important infrastructure deal in Europe has been its investment in the Greek port of Piraeus. Through such deals, Chinese influence is changing more than just the financial landscape in Greece -- with ramifications for the rest of Europe.

Chinese Foreign Ministry spokeswoman Jiang Yu said U.S. accusations that China is helping and protecting North Korea are irresponsible.

Jiang says China is against any actions that undermine peace and stability on the Korean peninsula, and does not seek to protect any side.

Regardless of whether it is deemed good or bad, trade/currency conflict with China is a fact of life--but it doesn't fit standard models of "trade wars." To avoid unnecessary inflammation in the body politic, let's refer to this bundle of inter-related conflicts as "trade-currency issues" rather than a "trade war," which is a heavily loaded phrase that adds plenty of emotion and precious little un