U.S. Orders China to Close Its Houston Consulate in 72 Hours (archive)
The United States ordered China to close its diplomatic consulate in Houston, the Chinese foreign ministry said on Wednesday, dealing another blow to the rapidly deteriorating relations between the two countries.
In the hours after the Trump administration notified the Chinese of its decision, smoke was seen billowing from a courtyard inside the consulate as employees dumped what appeared to be documents into flaming barrels, according to a video posted by KPRC-TV, a local television station.
The Houston police and fire departments responded to reports of a fire on Tuesday evening but did not enter the building, over which the Chinese have sovereignty.
(Score: 0) by Anonymous Coward on Wednesday July 22 2020, @07:44PM (3 children)
Those are obligations. The US has China's money already. If you think "The Chinese are going to get pissy and try to hurt us by dumping them" -- it won't hurt the US. They can try to find someone else to buy the obligations from them on the secondary market; the US will keep on making payments as promised to whoever holds them.
(Score: 0) by Anonymous Coward on Wednesday July 22 2020, @09:23PM (2 children)
Or seize their US assets for imminent domain. Property, businesses, bank accounts, etc.
(Score: 2) by tangomargarine on Wednesday July 22 2020, @09:44PM
*Eminent Domain.
eminent: "exhibiting eminence especially in standing above others in some quality or position : PROMINENT" - in the case of eminent domain, "it's more important for the government to own this than you"
It doesn't help that this is actually one of *three* words that sound extremely similar.
imminent: "ready to take place : happening soon"
immanent: "INDWELLING, INHERENT"
"Is that really true?" "I just spent the last hour telling you to think for yourself! Didn't you hear anything I said?"
(Score: 1) by khallow on Wednesday July 22 2020, @11:42PM
Then the US seizes Chinese assets in an even more theatrical display. Property, businesses, bank accounts, etc.