American officials and many economists say continued Chinese growth is vital to the global economy as the US and Europe face severe countdown. I sent my blogs in the past to the same effect.
China sits on $1.9 trillion in foreign exchange reserves accumulated from giant trade surpluses and heavy foreign investment in China. Such funds could acquire discounted stakes in Western banks and industrial companies. Here is the meeting ground for Sino-American Economics as I envision.
Francis Shieh a.k.a. Xie Shihao with reflections of my prior blogs for mutual benefit of USA abd China in the days to come.
October 23, 2008 at 3 p.m.
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