China is not a currency manipulator:WashPost,4/16

Washington Post, April 16, 2009, page A15:

The Obama administration Treasury Secretary Tim Geithner declines to call China a currency manipulator. Such rationale can be viewed by www.blogger.com in the past blogs for verification.

Tim Geithner said China had played a constructive role in the global downturn including advancing an economic stimulus package that was second in size only to the program the United States is pursuing. China is carrying out a $586 billion stimulus package to shield the nation from the global slump. USA had the largest stmulus package with the intent to change recession to recovery in the years to come.

Report from AP in Beijing, April 16 - China's economy grew at its slowest pace in a decade in the first quarter as the global financial crisis battered trade, but the performance was better than expected amid huge stimulus spending.

Page A14: Uncertainty about US economy adds clout to social cues: "Traditional economics assumes that we are all rational, that we approach things rationally,take in all the info and then weight it and make a decision," said Thomas Gilovich, a Cornell psychologist and co-director of the Center for BEHAVIORAL ECONOMICS AND DECISION RESEARCH. "To A BEHAVIORAL ECONOMIST THAT SEEMS CLEARLY UNTRUE."

Query: Can we measure human behavior with numbers as reliable data in economics?!

As I sent my prior blogs: Folks in China have different lifestyle and not to be compared with statistical data from the folks in USA. Therefore,China's economy depends on the behavior of the Chinese people.

Please ponder and reflect such realities to be relevant or otherwise re the future of Sino-American Economics.

"It is not the absolute money that you have, but the whole history of how you got it," said George Loewenstein, a professor of economics and psychology at Carnegie Mellon University. I do see the integration of economics and psychology for the economy of the US and China for recovery from the crisis in due course of time.

Francis Shieh aka Xie Shihao who is very much interested in the analysis of members of the academic community in the United States.

April 16, 2009 at 12.23 p.m.