Rick Powell and Casey Eichfeld will represent the US Olympic whitwater slalom team in Beijing. The longtime friends have the perfect relationship for the double canoe.
Wall Street Journal,page A8,July 17, 2008: China is still doing extraordinarily well by the standards of other countries. Its economy has expanded at a rate of 10% every year since 2003. Even with the current global weakness several forecasters think 2008 could end up being another good year. Even 8% growth would not be a problem for China, so the government can work more forcefully to bring down inflation.
Shanghai: WSJ,July 17,08 page C2: Citigroup Debit cards for China: The banking giant, one of the biggest foreign lenders in China, said it has won Chinese regulatory approval to offer debit cards to its local customers.
Plastic is increasingly important for China's banking industry and for its economy, as consumers power an increasingly large share of economic growth.
US Treasury Secretary Paulson had used bilateral talks to press Chinese officials to allow foreign banks to isue cards and Chinese regulators accepted applications from Citigroup to offer yuan-denominated debit cards. I have envisioned such deals apropos of Sino-American economics for mutual benefit.
Francis Shieh a.k.a. Xie Shihao,a graduate student from Shanghai,China in 1947 as a watcher of closer US-China economic activities with great interest. July 18, 2008
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