Wednesday, January 19, 2011

THE CHINESE PRESIDENT VISIT TO USA EASED TENSION AMONG RIVALS AND OPENED FOREIGN COUNTRIES INVESTMENT IN CHINA.

The Chinese President Hu Jintao vist to USA, although it may have been regarded by many intellectuals, particularly the American intellectuals as that of the rising super power rival in various fields, specially in the military field, the economic and business field, besides the new foreign policy that focuses on major investments in the developing countries and the countries economic clout being felt around the world. This visit has also eased tension among rivals in this regard and opened doors for foreign countries investment in China, particularly in the field of renewable energy sources, eventhough the Chinese government reluctancy to accept the world's demand as the rising super power responsibility and revalued its currency by 7.7%, instead of 2.8% may have remained one of the issues that made China be regarded as an economic clout rival, rather than a better investment environment for business.

Written by Godfrey Ohia.

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