Washington Times July 29, 2008 page A24: China's foreign exchange reserve total 1.8 trillion. IMF expects another half trillion in 2009. About 3/4 of $1.8 trillion is said to be in US Dollars. The relationship of USA and China is bound to be SYMBIOTIC for mutual benefits in the 21st century as I have sent my past blogs with the same rationale.
Wall Street Journal: 7/29/08 page A9: Seven years after joining the WTO, China, by dollars, the largest exporter on earth with $1,200 billions. Source: Global trade Info Services.
Page A14: Beijing considers new curbs as pollution persists. NYT page A6: Blue Skies prove hard to achieve.
Page B9: Athletes' parents get chance to be stars. The Ad for dairy producer Satine has Chinese characters of "Jin Dian" in Pin Yin system of romanization. Companies are hoping to capitalize on China's reverence of family in Chinese characters.
NYT page C1: White House predicts Bush will leave $482 billion deficit. WashTimes: Bush successor faces massive debt.
Page C2: Chen Deming with his photo in Geneva,Minister of Commerce studied at Harvard in 2004. I met him when he was mayor of Suzhou in 1999 as I was teaching at Suzhou University. I remember talking Wu dialect with him as a native of Shanghai. That was nine years ago!
Francis Shieh a.k.a. Xie Shihao,a blogger to keep readers posted about US-China relations in economics. July 29, 2008 at 2.06 p.m.
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