Shanghai: At 101 stories, the World Financial Center

It is China's tallest building and a symbol of China's go-go economy. Published in the Washington Post,Oct. 1, 2008 Business Section on page D1,D8:
Wall Street's long, dominant run is fading, global financiers say as sub-captions.

Venture capital, private equity and foreign direct investment are at all-time highs. China's big banks have escaped the credit catastrophe largely unscathed, and the economy continues to expand briskly. An investment manager at Guotai Asset Management, which oversees funds valued at about 5.1 billion, said that despite China's inexperience in the financial sector, China has a rare trump card: mountains of cash. My comment: Lifestyle of the folks in China is one of the factors to be discovered by international investors as I have envisioned.

In the US scene, bargain hunters set stocks soaring and I trust the rescue plan will become law soon to mitigate the financial situation as we would like to witness the positive development in the days to come. "Sino-American Economics is inter-connected in the 21st century in the global context.

On Food section page F1,F6: Smart cookie Liu loves to cook to feed the hungry for Chinese culture. The American-born Fulbright Scholar moved to Beijing to write about travel and food. She earned a culinary certificate and apprenticed in restaurant kitchens. For apprenticeship programs, see "Keys for Economic Understanding" www.Amazon.com and www.Ask.com for reference if interested.

Professor George Rosen in his magnum opus entitled: "Globalization and Some of Its Contents" published in 2005. He clearly pointed out the institutional approach to Economics. Policy is any nation is made within a social, historical and political framework. There is no single economic truth or path valid in any country any time. Such insightful vision can be validated by the current state of financial problems in USA to be reflected in China and other nations apropos of globalization.

Francis Shieh a.k.a. Xie Shihao, a colleague in the Department of Economics at RAND. I endorse economist Rosen's view as advocated by the late Professor John K. Galbraith as well. The book review of "Almost Everyone's Guide to Economics" was published in the Atlantic Economic Journal, September 1979 issue. Such book review may be searched online www.Google.com October 1, 2008 at 10 a.m.