Lately the East and the West seemed to be in troubling times.
In the East, soon after the magnificent display by China in the Beijing Olympics 2008, the melamine-tainted milk powder now becomes the next hot issue. There has been several incidents regarding the quality of edible products from China and this time round, it's going to stay for a while. Importers of China's food and beverage would be more cautious.
In the West, the sub-prime crisis has evolved into a scary state of big banks going into insolvency. The Treasury of the U.S. is intending to use billions of taxpayers money to ease the situation but has ran into hurdles.
It is comforting to read that China is willing to help the U.S. with its trillion-dollar worth of sovereign wealth funds. It reminds us of the saying that it is only at times of distress, that one can see one's true friends.
In the East, soon after the magnificent display by China in the Beijing Olympics 2008, the melamine-tainted milk powder now becomes the next hot issue. There has been several incidents regarding the quality of edible products from China and this time round, it's going to stay for a while. Importers of China's food and beverage would be more cautious.
In the West, the sub-prime crisis has evolved into a scary state of big banks going into insolvency. The Treasury of the U.S. is intending to use billions of taxpayers money to ease the situation but has ran into hurdles.
It is comforting to read that China is willing to help the U.S. with its trillion-dollar worth of sovereign wealth funds. It reminds us of the saying that it is only at times of distress, that one can see one's true friends.
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