"The federal government plans to borrow $550 billion in the last three months in 2008 to pay for financial rescue packages. Treasury Department officials also projeced the the government would need an additonal $368 billion during first three months of 2009." Published by the Washington Post,Nov.4, 2008 on page D2. America is a debtor nation as we are aware of the fact.
I have reason to believe that China will cooperate to solve global financial problems with other nations with International Monetary Fund and World Bank. G-20 meeting on Nov.20, 2008 would include China to participate with other nations to try to solve financial crisis in the name of globalization.
The readers of Sino-American Economics can reason the positive US-China economic relations under the new administration of a new president of the USA.
Francis Shieh a.k.a. Xie Shihao on November 4, 2008 at 10.35 a.m.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment