Inflation, spanning globe is set to reach decade high;IMF sees US maladies infesting world economics. My comment: US and China must work together for economic cooperation and collaboration for global wellbeing.
Page C1: US Big Customer-China: China bought 34% more American exports in January than a year before, making it a bigger customer for the month than Japan or Germany. My comment: Law of Comparative Advantage is being validated i.e. trade and economics would benefit all nations especially the two nations on both sides of the Pacific during the slowdown of the US economy with impacts on other nations for wellness or illness(sic) Free Trade or Protectionism?
Australian Prime Minister Kevin Rudd visits China to strengthen strategic cooperation in economic collaboration for mutual benefit. He was in USA several days ago to serve as a bridge for Australia-USA-China positive relations in the days to come. Such effort is admirable in economic globalization for peace and economic development.
American economy can be benefited from trade with China for the best interest of US consumers. Simple,clear and realistic apropos of Sino-US Division of Labor as the basic foundation in economics for the "Wealth of USA and China" re common prosperity in the 21st century as I do envision as a student of economics.
Francis Shieh a.k.a. Xie Shihao on Friday,April 11, 2008 at 7.48 a.m.
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