Wednesday, March 25, 2009

The US economy and China

Despite the new enthusiasm at the White House and on Wall Street, there is little solid evidence to suggest an end was in sight to the severe recession that has already cost 4 million American jobs, driven down home values and sent foreclosures soaring.
Meanwhile, Chinese Premier Wen Jiabao said he was concerned about the safety of the stimated $1 trillion his country has invested in U.S. government debt.

(From the Huffington post)

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