Two largely unrelated items hit the electron highway today concerning China, but both are of interest in their own way.

Google is threatening to pull out of the China market after discovering a hack-attack which breached the Gmail accounts of Chinese human rights activists. Google didn’t identify the Chinese government as the attacker but said they were no longer willing to censor their search engine results for the China market, which will probably force them to close their in-country offices and move off-shore. Read about it Here.

Then there’s this article on the looming sovereign debt crisis. Sovereign borrowers are nations (obviously) and although China is a net sovereign lender rather than borrower, that could change. In order to get through the global recession with minimal short-term disruption, they have poured a boatload of money into industrial expansion. This will make them look like the smartest guys on the planet if demand bounces back quickly and they are poised to make more big inroads in the global market. If it doesn’t bounce back soon, they are going to be looking at a lot of big new factories with nothing to do, and that could cause some huge problems.

Read about that Here.

About the Author: The major landmarks in Frank's historical interests range from ancient Persia through the Crimean War, World War II, and the modern U.S. Armed Forces, with a lot of stops in between. Frank is fascinated by the unusual, the overlooked, and the surprising. He is the New York Times number one best-selling author of the Desert Shield Fact Book (1991) and he is currently writing an historical novel on Alexander's conquest of Persia – from the Persian point of view.

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