WSJ,Jan. 13, 2010 page A1: "China's central bank will raise the percentage of deposits that banks must keep in reserve, a shift intended to stave off inflation and the asset bubbles that can accompany it. China has turned its attention to controling the repercussions of a credit explosion."
Page A2: According to a survey,economists agreed that excessively FED easy monetary policy in the 1st half of the decade helped cause a bubbles in house prices.
There is the common ground for Sino-American Economics in action relevant to the functions of the central banks.
USAToday: page 1B: Money Section: Chinese Electric Car in the US this year?
Detroit: "Auto Show-All electric sedan:"BYD" acronym for Build Your Dream car runs on battery of 205 miles per charge and the price will be very affordable to similarly sized gas-engine cars." That remains to be seen.
The Washington Times:Economist Richard Rahn,Chairman of the Institute for Global Economic Growth published a feature article about US Economy:
"The Government of the USA deficits strangle capital formation facing both inflatio and slower economic growth so foreigners are likely to diminish their investment leading to inadequate capital formation with chart of Savings as a percentage of GDP
In 1999 17.8% down to 10.4% in 2009." re savings.
Comment: It is too early to make any prediction. That remains to be seen in due course of time from empirical evidence.
Francis Shieh aka Xie Shihao, a lifelong student to compare notes with other thinkers on January 13, 2010 at 1.38 p.m.
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