Washington Post,Page A17:
Consumer spending represents two-thirds of the US Economy. I sent my prior blog to the same apropos of Chinese Economy as well. C sector is circa 2/3 of GDP.
Even with unemployment still high,salaries still frozen or being cut and investment income still off, analysts said they were seeing early indicators that discretionary spending is on its way to making a comeback. Jobs can be obtained from skilled labor to supply the demands of a changing society. "Keys for Economic Understanding is dedicated for such a worthy cause. Cf. www.ask.com for reference.
Such good news can be seen in China from evidence. Here is Sino-American economics of common ground. Monetary and fiscal policies cannot operate in a vacuum,humanpower policy must be introduced.
Francis Shieh a.k.a. Xie Shihao, an observer looking forward for early recovery in 2010 with faith,hope and love.
October 9, 2009 at 5.56 p.m.
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