Vietnam: World on Fire
The PRC's decision to erect an oil rig within Vietnam's Economic Exclusion Zone set of a wave of violent riots in Vietnam this week. Factories burned, people killed, hundreds arrested. Chinese property was the target, but the rioters directed their ire at other foreign-owned properties as well. Recall Amy Chua's description of "market dominant minorities" in her book "World on Fire. Much of her argument centered on the mounting frustration with successful Chinese minorities in undeveloped countries.
China appears to be a willing partner in our so-called Pivot to Asia strategy.