It is a result of Jane's assessment of Russia and China's eligibility as golden markets on the basis of spending, stability and openness.(Defence Budgets)
Russian Federation: Upper range for spending; Middle range for stability; Lower range for openness.
China:Upper range for spending; middle range for stability; Lower range for openness.
It is interesting to note the above similarities for Russia and China.
The US government owes $2.7 trillion to foreign governments and investors -20% of our total GDP. And that number has grown rapidly. Exact figures are not available. In 2001, China held $61.5 billiojn in US debt. Now it has 541 billion, says James Ludes of the bipartisan American Security Project in Washington,D.C.
Will a new stimulus work? Kevin Hassett, a former economist at the Federal Reserve suggests that the government should instead spend funds on our nation's aging infrastructure, an option that Congress is weighing. "Constructing a bridge or a road increaes economic activity across a whole area,it's the kind of thing that can really stimulate the economy. My comments: Giving a fish to a person,he/she will eat a fish. If a person is taught how to fishing,he/she may catch more fishes in the long run. Such aphorism implies investment in education and training of skilled labor needed to enhance productivity for economic growth in USA and in China .
Francis Shieh a.k.a. Xie Shihao on Saturday,December 13, 2008 at 10.38 a.m.
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