With President Obama back in the United States from his visit to Asia, it is easy to turn your attention to pop culture, high-profile politicians and the media in the country.
Melinda Liu of Newsweek captures the essence of U.S.-China relations in 2009 by visiting a flag factory, which makes – of all things – the Stars and Stripes.
Liu has been a longtime observer of China and picked just the right place to illustrate how change can happen fast.
Similar to other journalists and analysts, she notes that China holds $800 billion in U.S. debt.
President Obama speaks with young Chinese in Shanghai, the first leg of his November trip to China. Photo source: Xinhua
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My wife and I have been talking a lot about President Obama’s visit to China – and his meetings in Shanghai and with Chinese leader Hu Jintao in Beijing.
I mean: Who hasn’t?
The recession that gripped the United States for four consecutive quarters is likely over. But scores of people are still feeling the impact of unemployment.
Employment is expected to trail behind and the Federal Reserve is talking about more austere times in the months to come.
On paper, China’s economy remains impressive – there’s growth. Yes, the Chinese government launched its own stimulus spending package to avert a contraction. But it looks like the world’s third-largest economy has avoided major problems.
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