Wall Street Journal, Sept. 5-6, 2009
Page A1: AP Photo: China's Longand Winding March to Modernity for Oct.1,2009 National Holiday.
Page A6: China agreed to buy $50 billion bonds ie. SDR from IMF to bolster IMF resources. China used the RMB,Yuan,the currency as the 1st nation to sign an agreement to demonstrate financial clout.
Analysts had expected China to sell some of its more than $2 trillion in foreign exchange reserves to buy IMF bonds in order to reduce its exposures to the US Dollar.
Page B5: The Chinese company owns Top100.cn, a website partnered with Google to provide free, licensed music downloads to users in China.
Such is the news for Sino-American Economics in action.
Francis Shieh a.k.a. Xie Shihao, a watcher on Sept. 5, 2009
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