Comparing the Chinese and Japanese challenge to the US and the West over two different eras.
THE recent purchase of the Waldorf Astoria Hotel, New York, for a purported US$2bil (RM6.9bil) by a group from mainland China brings into mind a similar high profile purchase in 1989 of the Rockefeller Centre in New York for slightly under US$1bil (RM3.4bil) by Mitsubishi Real Estate, a Japanese company.
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