But China is our Friend…Right?

 

It was an interesting week last week. For one thing, Chinese company Alibaba debuted as the largest IPO in the history of the world. Larger than the Initial Public Offerings of Facebook, Twitter, Google, Apple, and Microsoft combined. At the same time, there was a Senate report indicating that China hacked U.S. military contractors in a significant way at least twenty times in the past year. In America, we celebrated the success of Wall Street, earning $300 million or so in underwriter fees. In China, they celebrated finding a path to dethrone American technology dominance (from the official Chinese News Agency):

India tests nuclear capable missile with range as far as Beijing

BHUBANESWAR: India successfully test-fired for a second time a nuclear-capable missile on Sunday that can reach Beijing and much of Europe, bringing a step closer production of a weapon designed to strengthen its nuclear deterrent.

“The test was successful,” said Ravi Kumar Gupta, spokesman for the Defense Research and Development Organization (DRDO). “It hit the target in a predefined trajectory. It met all the mission objectives”

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India is trying to keep up with China’s growing military strength and wants to have a viable deterrent against its larger nuclear-armed neighbor.