Washington Post,Jan.13, 2010 page A16: The world's second-largest private-equity firm will set up a domestic Chinese private-equity fund with the Chinese government.
The fund will be established by the Beijing Municipal Bureau of Financial Work and Carlyle Asia Partners.
Carlyle follows Blackstone Group, which became the first local private-equity firm to set up a $731 million fund with the Shanghai government in August to target investments in the city and neighboring areas.
Page A13: Gap for US trade widens more than expected with charts:
The US trade deficit widened 9.7%, to $36.4 billion, in November as higher oil prices helped increase the valuke of American imports. Exports rose to the highest level in a year as Chinese demand for US goods cim bed to a record $7.3 billion shrinking the US deficit with the Asian nation by 11%. Comment: The Law of Comparative Advantage is in evidence for trade.
Page C10: Kids Post: Today's News- Viewing world 400 years before Google: A MAP: To Wit:
The map was made in 1602 by Italian priest Matteo Ricci who visited China around the 1500s and the emperor asked him to make an enormously map, on five-foot tall panels of rice paper with China at the center." Comment: Here the name "Zhong Guo" was derived as the Middle Kingdom with other lands of North and South America et al.
It was bought for $1 million recently by a library in Minnesota, on loan to the Library of Congress for display through April 10, 2010.
Comment: "A Glimpse of the Chinese Language" in English is also listed at the Library of Congress www.loc.gov But such work may be obtained online by visiting www.rand.org for pdf format free of charge as a public service.
"EXPRESS" paper is available free of charge on page 2 dated today,January 13, 2010 with a photo of a vistor admiring a life-size tiger at the Taipei Fine Arts Museum. The arrow-ridden beast is one of 35 works by Cai Guo-qiang on display. According to the Chinese zodiac,2010 is the Year of the Tiger, which begins on Feb. 14,2010. Such festival is called Spring Festival in China and is also observed in Okinawa, Japan. Here we can detect the Chinese cultural influence in Okinama,not in Tokyo as I was informed by friends from Okinama,Japan.
Francis Shieh aka Xie Shihao, a blogger born in 1926, the Year of the Tiger sharing experiences with comments re faith,hope and love to readers since 2000 apropos of Sino-American Economics. January 13, 2010 at 9.46 a.m.
Note: A blog may be defined as a web site that contains an online personal journal with reflections, comments provided by the writer. It is a kind of new social media in the 21st century. I do admire such contemporary opportunity to blog as a graduate student from Shanghai, China in 1947. World Expo will take place in Shanghai in May 2010 and the American pavilion will be the largest at the cost of $50 million.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment