Washington Post,1/16/08: Double hit for the economy

Business Section on pages D1,D3: Citigroup's loss and lower retail sales: China's source of money is its trade surplus with United States and other nations. My comment: Consumers in the world would like to buy inexpensive products of good quality from China. "In the past, China poured much of its surplus, estimated at 1.3 billion, into US Treasurys. Now it is seeking higher returns and a more diversified investment strategy. On Sept. 29, it took $200 billion from its surplus and launched a sovereign wealth fund. One of Wall Street's biggest names, private-equity giant Blackstone." My comment again: Ponder the expected US-China or Sino-American economics in action. Positive ways would be for mutual benefit of USA and China otherwise both nations would be hurt. It is the Economy leading to other relations as I would envision in the days to come. Folks with sense would understand such relationship in the 21st century. Francis Shieh a.k.a. Xie Shihao on January 16, 2008