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Sunday, May 29, 2005

"The China Scapegoat"

From New York Times:
"There are plenty of legitimate reasons to be angry with China's leaders, but its trade success and exchange rate policy are not among them. The country that is distorting global capital flows and destabilizing the world economy is not China but the U.S. "
"If we blame China for lost American jobs in making shirts, we should credit it for new American jobs in banking and construction."
"Americans are also unfair in accusing China of not stopping North Korea's nuclear program. The reality is that the North Koreans don't listen to the Chinese about anything, and many on each side look down on the other. "