The battlefields of the 21st century and in the economic, finacial and educational arenas. Fear not China’s tanks, airplanes or warships but watch out for their economic and financial intrusions. It is in the areas that nations compete against each other.
Below is one battlefield that where China is threatening the West’s dominance and hegemony.
Portuguese officials have sought the help of China, which has already used its foreign currency reserves to buy Greek and Spanish debt and help stabilize those nations.
The finance minister of Portugal went to China twice late last year, and Chinese President Hu Jintao promised in November to help Portugal out of its financial crisis. Beyond that, discussions between the two nations have been secretive.