I totally understand your position, but it is certainly conceivable if- as you put it- China was going to basically finance the whole thing.
They stand to gain:
They stand to gain:
- a. additional financing revenue (although we are crapping ourselves here in the States about debt, China apparently still has a relatively high degree of confidence that we can perform on our international debts; looming American austerity overtures slated for roll out in 2011 have [rightly] bolstered that confidence in us)
- b. the end of dealing with the open sore that is N. Korea; leaked documents suggest some in China are fed up with the instability caused by NK.
- c. a new and prosperous neighbor, led out of Seoul