USA-the world's largest economy and China,the world's third largest economy whose total trading volume was $409 billion last year. Comment: Very impressive for mutual benefit.
Carol Guthrie, a spokeswoman for the Office of the US Trade Representative, said the US "trade relationship with China remains strong, buttressed by consistent and frank dialogue, effective institutions, and global trade rules."
"Trade disputes are a normal part of a healthy, mature trading relationship," Guthrie added. "The United States has trade disputes with a number of major trading partners-the European Union, for instance, and still has healthy relationships because we have all agreed to work under certain rules. This is the case here, as well." Comment: Challenges are entirely manageable with confidence and the understanding of the Law of Comparative Advantage in economics.
Page B1,B2: "Deep thinking is part of lunchtime menu for the Philosophy club as members of middle-schoolers." Comment: It is a wonderful idea to start such in-depth discussions in philosophy to motivate young folks to pursue for the Ph.D., i.e. Doctor of Philosophy for their long-term knowledge and wisdom.
Francis Shieh aka Xie Shihao, an octogenarian lifelong examiner of hard-wired cognitive and neurological processes affecting the simple daily interactions relevant to Sino-American Economics.
Monday,January 4,2010 at 9.36 a.m.
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