Was looking at investing in and around the Airport industry the other day and I got to thinking about the immeasurable risks of a 'shock' to earnings or whatnot, specifically from acts of terrorism that involve air travel. Ended up in an hour long thought process which lead to a couple of frightening questions that I'm not sure I can answer. In brief, here's the thought pattern: # Who will start laying tarmac in China/India to capitalise on their increased demand for tourism and business airtravel over the next couple of decades? Lead to..... # How big will China's demand for air fares be when their domestic demand catches up with industrialisation boom? Lead to... # China's economy is going to be the biggest in the world in time and they will be the ones guzzling tenfold more oil than the U.S. and have inherent wealth far greater than the Yanks. Lead to # China will no doubt be flexing their political muscles/consumerism selfishness to the same degree or greater than the US when this happens. Would this lead to terrorist groups re-focusing their efforts on China? Lead to.... # If China were calling the shots on global politics/economics (instead of the US) would they have a different approach to dealing with terrorism than the U.S. do? Would they be more inclined to press a big red button than a U.S. President? Basically, the question here is will terrorist attacks by groups like Al-Qaeda switch to fighting China and if this is the case, is it fair to be a bit more worried about nuclear stability, given that China may be a bit more maverick in terms of dealing with threats to their lifestyle and be less inclined to sit around a table?