China's ambition –- world economic and military power.

Step 1 – Wal Mart goes to China. Step 2 – China comes to Wal Mart? Frederick Kempe discusses China and some of our current economic realities:

What most Americans are only beginning to realize is how addicted their country has become particularly to Asian investments to fund its record debts and keep interest rates low. The U.S. will need a trillion dollars of foreign capital in 2006, a year when China's foreign-reserve surplus will coincidentally cross the same threshold.

"China Inc.'s Ambitions." By Frederick Kempe, Wall Street Journal, 3/14/06 (subscribers only).