Washington Post,April 12, 2008 page D4: GE's financial services divisons have been challenged by the slowing US economy and difficult capital markets. The company, whose orbit extends into entertainment, consumer and industrial manfactkuring, finance and health care, also lowered its projections for the year. A snapshot of a gloomy consumer added to recent reports showing Americans' confidence in the economy at new lows, dragged down by worries about mounting job losses, record-high home foreclosures and zooming energy prices.
China's inflation is the concern of concerns. However,the Olympics stimulated the people in China for potential business reasons. Let us wait and see the empirical evidence in the summer.
Francis Shieh a.k.a. Xie Shihao, an oberver for economic development of two nations with great interest. April 12, 2008 at 1.12 p.m.