George Bush and Chinese President Hu Jintao two years ago launched a twice yearly, Strategic Economic Dialogue. And this week it is on again. The dialogue will be led by US Treasury Secretary Henry Paulson and Chinese Vice Premier Wang Qishan, a key economic policy maker. Emphasis will be on the U.S. economy and its recession and whether China can maintain rapid growth and help keep the global economy afloat. A conversation tonight with a Hong Kong link indicates that tomorrow, or Friday, China will announce a huge injection into the U.S economy which will be approved by Congresss after years of stalling Chinese investment in the U.S.
China has what the U.S. does not ie $$$$$$$$$$$$$$$. And Geo.W. has given Paulson the OK. Usually he has relied on Saudi Arabia...but Prince B. is not at the moment forth coming..so China to the rescue.
Wednesday, December 3, 2008
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