China/US military ties resume while finacial ties fray

Author: Jamie Coleman | Category: News

The Chinese and US militaries have been estranged in recent months but they will resume meetings in mid-October, Reuters reports.

Elsewhere on the wires, the Chairman of AIG says the company is close to an agreement with the US government to unwind the US’s control of the company after rescuing shortly after the collapse of Lehman. The total amount at stake is just over $100 bln.