"Shanghai Daily" Feb. 23, 2009 on page A2:
"China and America must work together if the world is to rebound from the financial crisis, US Secretary of State Hillary Clinton said yesterday, adding that she wanted the Chinese to remain committed to investing in America." Such statement is expected in my prior blogs at www.Blogger.com.
"Clinton urged China to continue investing in US Treasury bonds as she ended her trip to Asia by saying China's continued investment in the US was recognition the two nations depended on each other." That has been the issue of issues as I have noted in my mind for months i.e. Investing in America and investing in China for exchange of factors of productions re human and financial capital.
"Our economies are so intertwined, the Chinese know that to start exporting again to their biggest market, i.e. USA, the US has to take some very drastic measures with this stimulus package, which means we have to incur more debt." China has been a friend of the United States in economics as a matter of mutual benefit.
On page D3:-
Education and Training: keys for job seekers in China and in the USA as well.
"Workers went to the Shanghai International Auto City Talents Institute to inquire about courses for skills. The College's courses are adjusted to adapt to Jiading District's industrial restructuring and to meet a higher demand for such talent during the economic downturn." Such empirical evidence reminds me of the role of community colleges in USA to train and retrain workers for marketable skills to supply the demands of American society. "Keys for Economic Understanding" is a good reference for policy makers in China and in USA in the 21st century. Cf.www.Amazon.com online book section for information.
Clinton's emphasis on the global economy,climate change and security during her visit was a bid to highlight the growing importance of US-China economic relations.
Francis Shieh a.k.a. Xie Shihao with focus on Sino-American Economics.
February 23, 2009 at 5.46 p.m.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment