"The Economist,"Jan.22nd, 2010 issue: China'a Misunderstood Economy:- Subtitle: The rise of China hits some turbulence but China's economy is not about to crash. The only way to reason is to be optimistic because of the nature of globalization. Let us cite the hard data:
Page 15: "Car sales jumped by 53% in 2009. Industrial profits rose by 70% in the 3 months to November compared with a year earlier. Imports up by a 56% confirming that domestic demand is robust. Even if share and house prices do collapse, the result is likely a pause,not a prolonged period of stagnation." I would concur such reasoning.
"Critics and pessimists are prone to have negative scenarios but the facts turn out to be the most successful intentional monetary and fiscal stimulus in history."
"ATLANTIC" Monthly Magazine,Jan.-Feb. 2010 issue: James Fallows wrote a lengthy feature article about CHINA from page 38-55. I enjoyed reading such but I can surely detect the difference of opinions of thinkers. In Pin Yin: "Zhong kou, zhong mu,si lu fen qi." I would strongly recommend readers to read such article in details.
Next month's ATLANTIC issue (March-April) on the shift of power between America and China including the military implications. I shall look forward to read his story with citations but I would maintain my conviction that cooperation and collaboration of Sino-American economics would be in the best interest for mutual benefit of two nations in the global context for peace and economic development. "Lai long qu mai" in Pin Yin.
"Strategy+ Business,"winter 2009 current issue with the following heading: -
"Capturing the Asian Opportunity: Economic recovery in China,India in the region could be the strongest sources of sustained global growth for years to come.
Such title would dovetail my thoughts as well. That remains to be seen.
Francis Shieh aka Xie Shihao,an eager reader to share the above with readers online to stay ahead for personal enrichment.
Sunday, January 24, 2010 at Bowie Library at 1.36 p.m.
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