ATLANTIC magazine,April 2009 issue: On page 21: Stimulus package in USA:825 billion,China: US$540 billion and Japan: 120 billion. Billions by three leading nations to try to recover economic downturn.
China crumbles. Can the US cope? Cover Headlines by James Fallows. "But 80% of US companies in China are profitable than anywhere else. Unique China is sitting on a huge pile of dollars. Current conditions will only accelerate acquisition of US companies." It is a matter of mutual benefit for US and China in businesses. Ponder and reflect the outcome apropos of global economy especially during the times of economic crisis.
Betting on China with 5 DVD and CD rom by James Fallows as an Ad. It is the cultural realities that learning Chinese language and culture would be beneficial for all those who wish to do businesses in China. "A Glimpse of the Chinese Language" is hereby dedicated. Available at www.rand.org - free of charge as public service via PDF format.
Harvard International Review, Winter 2009 issue with photo of Construction of residential buildings in Shanghai: Title: Necessary Reforms? by Richard N. Cooper,Professor of International Economics at Harvard. He wrote: "IMF Articles of Agreement to create SDRs not only to satisfy long-term official demands for international liquidity but also to respond quickly to increase the demand during the crisis. This recommendation is similar to the suggestion as published by Zhou Xiao-chuan of the central bank(PBC) of China. Needless to say,it would take time when approved by the G-20 during the course of time. I had the opportunity to meet Richard Cooper at the RAND Corporation in Santa Monica in 1964-1965.
Francis Shieh aka Xie Shihao,a reader of periodicals to share with readers online for contemporary economics. April 9, 2009 at 8.52 p.m.
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