30 June 2013 | Eamonn Fingleton | Forbes.com
“Fool me once, shame on you. Fool me twice, shame on me.” So says an ancient Chinese proverb. It is one to be borne in mind in dealing with present-day Beijing.
No matter how often Uncle Sam gets his clock cleaned in China, his credulousness remains a gift that keeps on giving for the Beijing leadership.
The latest example is the current boomlet in Washington in talk about China’s supposed efforts to internationalize its financial system and to increase the role of the yuan in the global economy.
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