Finance

Chinese balloons and US alchemic leadership


“The political fracas is already under way in Washington. Republicans claim the Biden administration showed weakness in allowing the balloon to enter US airspace. Officials counter that the previous administration, under president Donald Trump, didn’t react to several similar missions over US states and territories. Yet those previous incursions didn’t go on for so long, or reach so far into the continental United States.”

So writes David Ignatius describing Washington’s emotional tsunami triggered by the Chinese balloon caught hovering over America on the eve of Secretary of State Antony Blinken’s programmed visit to Beijing.

The visit was canceled, the balloon was shot down, China blamed America for destroying its property, and America accused China of supplying Russia with critical material for its war efforts. The damage is still unclear as both sides try to avoid getting things out of hand. There is a lot of ominous saber rattling.



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Business Asia
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