American foreign policy must involve China. Carter and Kissinger are in China for remembering and celebrating 30th year of normalization between US and China.(1979-2009) Visit www.Google.com and click on Sino-American Economics.
It is the economy for astute folks to assess the international relations in the 21st century. China is holding US government securities as an investor. The case rests here for understanding such record of mutual benefit.
On page A15,Marc Plattner published an article entitled "Democracy's Competitive Edge" It would be timely to define Democracy in America from Gettysburg Address with the lines: "of the people,by the people and for the people" Moreover,new president Obama will focus on the wellbeing of the American people.
China's official name is People's Republic of China. It is high time to acknowledge China's market system in terms of buying and selling in the markets. It is true for the writer to see "China's remarkable economic growth." And such empirical evidence would be relevant to recognize that China has joined international community to cooperate and collaborate with other nations to solve global financial crisis during the course of time.
On page D3: Economist John Maynard Keynes dubbed the phrase "the paradox of thrift." I would venture to state "the paradox of mindset." In other words,the perception and the reception of folks' attitude would have an impact on measures to be taken to overcome such serious downturn or economic depression. We must have faith,hope and charity to work for the wellbeing of all.
Francis Shieh a.k.a. Xie Shihao, an independent observer and a lifelong student of political economy.
Tuesday, January 13, 2009 at 10.38 a.m.