(Fortune Magazine) — Fireworks exploded over Tiananmen Square Wednesday night to mark the official one-year rundown to the 2008 Olympics. In American presidential politics, China is already producing fireworks between the nation’s two major parties.
On Tuesday night, the Democratic candidates were asked whether China should be considered “ally or adversary”? Most answered adversary — with caveats. The next afternoon, speaking with a group of economic writers at the Treasury Department, President Bush answered ally — with caveats.