I refer to below article:

www.bloomberg.com/news/articles/2016-03-30/great-leap-upward-behind-china-s-100-billion-shopping-spree

Great Leap Upward: Behind China’s $100 Billion Shopping Spree

What the Chinese are doing looks “like” Japan after the Plaza Accord in 1985, when it gone senseless buying up America with a super strong Yen. I still keep a book called Pax Nipponica and the crash in Japan came in 1989.

No. The Chinese approach is different.

The Chinese themselves resisted revaluation pressure from the western powers and still the RMB appreciated 20% since 2003 (8.28 to 6.46 today, 1 Apr 16) when Bush Jr started calling RMB as undervalued. The appreciation was gradual and had served the Chinese economy well.

Now the Chinese is buying up the world on the cheap as it is experiencing a deep recession again!

My friend, Jack Arthur commented: Why invade with armies when you can buy your way in.

My response was: It is risky for the Chinese to buy their way in —  as this will mean that the Chinese will be buying without military projection capabilities. Their Y-20 plane is ready for delivery this year and should help boost that capability.

I think what happened to Chinese Oil investments in Libya shocked their leaders.

After 2011, their militarisation Zoom ahead. Today, the Chinese do go ahead to take on riskier investments, but we need to beware whether the Chinese military may backup their claims in cases of disputes.

Winners and Losers in Libya: Western Companies Win, Chinese Lose

Having founded a AIIB, the Chinese investments globally will be protected institutionally, and is there is EVER a military intervention, it is then done on a righteous way.

The Chinese learnt the Japanese lesson after 1989 and their leap today is a different one indeed.

More strategic than tactical indeed.