The United States-South Korean Cheonan initiative has apparently fizzled, giving China a chance to shift the geopolitics of Korean policy to its preferred framing: "stability" instead of "security", and economics over military affairs.
In the wake of a less-than-damning presidential statement from the United Nations Security Council, the vaunted joint naval maneuvers scheduled for the Yellow Sea have reportedly been relocated to waters south of the Korean Peninsula, with the aircraft carrier George Washington hovering watchfully near Pusan instead of actually participating.
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