Missile test in China

The United States has come out and critized China for destroying and old weather satellite with a missile.

"The United States believes China's development and testing of such weapons is inconsistent with the spirit of cooperation that both countries aspire to in the civil space area," National Security Council spokesman Gordon Johndroe said Thursday. "We and other countries have expressed our concern to the Chinese."

How does this story effect the region ? Japan certainly cannot be happy, nor can Taiwan. Does this cause other nations to step up spending in military space programs?

How about partnerships.....Iran has oil, China needs oil....Iran trying to establish themselves with nuclear weapons....China has them. Alot of questions and the U.S. is stretched very thin already.

Asia a hot bed for investment in recent years could become less attractive if alliances are formed and tensions heat up.


Good Luck and Good Trading.

FXTRADINGIDEAS@AOL.COM