Business Week,April 7, 2008: Page 78: China's Factory Blue. I have noted similar situation in USA due to outsourcing and the slowdown of the US economy.
Page 81 The Middle Class feels the squeeze due to rising food and fuel prices. Such price rise is the serious problems for Americans as well. WTOP radio says that the rise of such high prices is the top news of last 17 years as I heard this morning.
High prices are forcing American and Chinese consumers to scrimp due to the constraint of income.
Economic systems may be different but the goal of any system is designed to serve living conditions of the peoples. Nobody would impugn such objectives. Any other scenarios?
Francis Shieh a.k.a. Xie Shihao on Saturday,April 5, 2008
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