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Showing posts from June 23, 2008

The sensible way to bridge the Sino-US gulf

Business Times - 24 Jun 2008

By LEON HADAR
WASHINGTON CORRESPONDENT

+THE New York Times, in a front-page story last week, reported that against the backdrop of the American housing and financial crises and the continuing economic boom in China, Chinese officials have been projecting a new sense of self-confidence in their dealings with their US counterparts. The Chinese, it seems, are less willing to put up with the typical American bashing of their management of their economy while expressing their own criticism of American economic policies.

But what The New York Times didn't report is that the new Chinese attitude is a mirror-image of the American stance, with US officials and lawmakers exhibiting a certain humility during their exchanges with the Chinese these days. Indeed, in the aftermath of Iraq and Katrina, the sub-prime mortgage mess and the financial crunch, Americans are recognising that they are not in a position to lecture the Chinese on how to manage their economic sys…