Thursday, February 21, 2008

Washington Post,Feb.21, 2008 Your interpretations,please?

Page D7: 3Com Pulls request for buyout review: Network provider 3Com said it along with Bain Capital and Chinese partner Huawei Technologies, withdrew an application for federal review of its $2.2 billion acquisition by Bain and Huawei. Lobbyists said the move could provide a backlash from China, which also saw a 2005 bid by Chinese owned CNOOC to buy Unocal fail after widespread criticism by US lawmakers. President Bush said he will not use the Olympics as an opportunity to criticize China, nor will he change his plan to attend the Games in Beijing this summer. It is a known fact that China is holding $1.3 trillion US Dollars in Foreign Exchange Reserves. My comment as an independent lifelong student of economics: "It is the economy,Smart or inexpert person." Both USA and China have nuclear powers and both nations are members of the Security Council of the United Nations seeking peace and economic development. In such line of reasoning,the protection of national security would be a waste of humanpower for any investigations. From my own personal rationale, I would take the positive scenario for US-China economic relations in the 21st century for mutual benefit with true understanding without any fear having good intent of harmony between two nations on both sides of the Pacific. Francis Shieh a.k.a. Xie Shihao on Thursday,Feb.21,2008

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