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If The US Economy Goes Down, So Does China’s

In the past few days, Henry Paulson has come up with his US$700B proposal to save the major lending institutions which made bad decisions re CDOs, with all the bad loans being covered by the US taxpayer. This is happening at a time when the US middle class is under unprecedented pressure already. Over the [...]

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Trouble in the West and Yuan Appreciation

When I talk about the west in the title, I’m referring to the western part of China. A great deal of thought and ink and pixels have been devoted to how the recent violence in the western part of China has affected the country’s image in the runup to the Beijing 2008 Olympics. I’m not [...]

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