Just In Time:Countering Beijing's Move

China's recent declaration of a new Air Defence Identification Zone through established international airspace over the East China Sea has been bitterly criticised in the Asia Pacific region and elsewhere;not to mention challenged by US Air Force B-52H bombers.It was critical for the Air Force to quickly assert its right to be in the airspace,analysts point out,lest China's claim to the airspace be legitimised through inaction.*
The bombers were deployed to Guam in August to further America's pivot to the Pacific strategy.What we do day to day with this presence mission is show our ability to fly our airplanes around the Pacific theatre and support whatever contingincies we might be asked to do,said Lieutenant Colonel Scott Mayhan,USAF,commander of the 20th Bomber Squadron based at Barksadale Air Force Base,Louisiana.The continuous bomber presence maintains long term strike capability in theatre,so our national decision makers have assets that they can use sould they ever need to,the commander added.*
In the event,China did not launch fighter aircraft to intercept the unarmed bombers when the Air Force declined to file a flight plan with China under the new zone requirements;nor has Beijing commented to Washington about the incident.This does not mean China will not eventually ramp up its response in defence of its claim.China plays a long haul game,analysts point out,and may just be waiting for a while before taking aggressive action to defend its perceived territory.It will also continue building up its naval and air power beyond what is needed to defend the mainland,a trend that has alarmed the international community for some years now.*
US Secretary of Defence Chuck Hagel said the new zone will not in any way change how the United States conducts miltary operations in the region.We see this development as a destabilising attempt to alter the status quo in the region.This unilateral action increases the risks of misunderstanding and miscalculations.Mr.Hagel's remarks were echoed by new US Ambassador to Japan Caroline Kennedy on Wednesday.*
Vice President Joe Biden will be visiting China next week,as well as US allies Japan and South Korea.He will empahsise that America is and always will be there for its allies in the region,while seeking a new and better way to get along with China,a senior administration official said.

News Notes:Tesla Motors;Caroline Kennedy

Tesla Motors has been upgraded to outperform by Webush Securities,with a price target of $240.00.Their cost structure in batteries beats the competition,said analyst Craig Irwin.I see them cutting their battery cost in half.If they can do it,they've got a winner,and that's why I'm raising it.*
Ths MSCI Asia Pacific index was up 0.80% in early Thursday trading,responding to President Barack Obama's signing of a bill that resolves the recent budget impasse and government shutdown for the next few months at least,averting the prospect of an unprecedented default.*
The trajectory for the market is onward and upward,said Andrew Economos of JP Morgan Asset Management.What we're doing is buying enough time for markets and economies to take hold.What the emerging markets are thinking is,we've got to reduce our dependence on America.
I think the dollar stays here;I don't think it gets stronger.If you have a weakening currency,you buy exporters;if you have a strong currency,you buy importers.It's a big,level one switch in assets,a re-risking.*
Caroline Kennedy has been unanimously confirmed by the US Senate to be Ambassador to Japan.It is the first time the late President John F. Kennedy's daughter,a sentimental favourite of many Americans,has held a government post.*
Tesla Motors(TSLA)