Washington Post, Sunday, May 3, 2009 on page A20:
For decades, the world has depended on the US consumer to gobble up goods, helping to fuel global growth. Over time the US will have to increase its investment rate and exports, while countries that have been saving too much, particularly Chin, will have to find ways to increase domestic demand. So far old patterns persist, with the US leading the way in borrowing its way out of this recession. Borrowing and saving nations have het to come close to an understanding of how this imbalanced relationship will change.
As far as I know,China is expected to buy more American products in the days to come.
Economic Goals for China and Taiwan as a part of China. There is only one China:
The Nanjing talks were the 3rd round of cross-straits negotiations since President Ma took office a year ago after years of strained relations between Taiwan and China. Such relations have been improving and are at the strongest in six decades.
The next round of cross-straits talks will involve an economic cooperation framework agreement. Chinese folks in Taiwan believe that it would not only help normalize relations with mainland China but would also prevent marginalization as China's economy becomes more integrated with the world.
It is all the ECONOMY as we are witnessing the developments of Sino-American Economics.
Francis Shieh aka Xie Shihao, a lifelong student of economics from China in 1947,watching the ups and downs of the economies with zeal especially the field of Binomics for wellbeing of folks on both sides of the Pacifc. May 3, 2009 at 9.28 a.m.