Monday, October 6, 2008

Wall Street Journal: US-China Relations-Oct.6, 2008

Page A8:

US Proposes $6.43 billion arms sale to Taiwan: Gordon Johndroe,National Security Council Member for the White House said: "We have a wide-ranging relationship with China. We are committed to the one-China policy which holds that Taiwan is a part of China. We have seen improving relations between China and Taiwan and we expectr that to continue." He said.

Page A18:
China is king of coal: US burns about one billion tons of coal yearly,mostly to generate electricity and China plans to build coal-fired plants. I believe that US and China can coperate for mutual benefit re energy in the 21st century.

Page A19:
America and the New Financial World,an article published in WSJ by Zachary Karabell. Karabell is the author of his latest book, "Chi-merica: How the US and China Became One." The book will be published in 2009 by Simon and Schuster. His rationale is the same,I believe,as my theme in my blogs in the past apropos of Sino-American Economics in the positive scenario for mutual benefit in constructive ways.

Page C8: China will test short-selling, margin lending : It is bet plus or gambling at best in my view. Any forecaster may be a fortune teller to tell his/her fortune or misfortune. I always remember what John K. Galbraith's wise saying about two kinds of forecasters: Those who don't know and those who don't know they don't know in humor with wisdom,indeed!

Francis Shieh a.k.a. Xie Shihao,a reader to keep other readers informed in a jiffy via www.blogger.com

October 6, 2008 at 3.10 p.m.

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