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Comments

• [1] Amanda from Gainesville, Florida September 30, 2008 - 11:08AM

  FYI, most economists agree that China is NOT growing at that 9% rate. Those numbers are cooked by the govt., and most impartial analysis puts growth at 2% or even negative. The Chinese economy is not doing well now.

  
  
• [2] Jenny from Manhattan September 30, 2008 - 11:16AM

  Two (2 1/2) questions:

  1) Reuters reported on 9/24 that the Chinese gov't had ordered its banks to stop making interbank loans to US banks. I have seen no other reporting or commentary on this.

  What does this mean? Could it be a step toward their not lending us anything, no longer buying our debt?

  2) How does the Chinese use of resources affect the US economy? Are the Chinese implementing "green" measures as they build their economy?

  
  
• [3] Micheal from Manhattan September 30, 2008 - 11:17AM

  TI disagree with the statement that the Chinese economy is not doing well. Thisi is not reflected by the levels of development and business activity on the street. There is some problems for exporters in the south of China, but they are the cheapest factory source for the US and they are adjusting to the situation. The huge size of the Chinese economy will bring about its own ability to sustain itself.

  
  
• [4] Jenny from Manhattan September 30, 2008 - 11:19AM

  the source for my previous comment/question on China's lending to US banks:

  http://www.reuters.com/articlePrint?articleId=USPEK16693720080925

  China banks told to halt lending to US banks-SCMP

  Wed Sep 24, 2008 9:52pm EDT

  BEIJING, Sept 25 (Reuters) - Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.

  The Hong Kong newspaper cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries.

  "The decree appears to be Beijing's first attempt to erect defences against the deepening U.S. financial meltdown after the mainland's major lenders reported billions of U.S. dollars in exposure to the credit crisis," the SCMP said.

  A spokesman for the CBRC had no immediate comment. (Reporting by Alan Wheatley and Langi Chiang; editing by Ken Wills)

  © Thomson Reuters 2008.

  
  
• [5] Peter Joseph from New York City September 30, 2008 - 11:27AM

  Mr. Guest's comment about the Cuban missile crisis recalls the recent film "Virtual JFK," which shows that JFK resisted huge pressures to lead the U.S. to war, 4 times in 1000 days.

  
  
• [6] j from nyc September 30, 2008 - 11:37AM

  re: China in space

  when the astronauts start finding restaurant menus under the door of the international space station, it's totally over.

  
  
• [7] Micheal from Manhattan September 30, 2008 - 11:42AM

  Georgia is not in Europe, its in Asia and has attempted to hide behind Europe's skirts as well as Nato's.

  I do NOT support Russia's incursion into Georgia , but Kashasvilli started this affair in order to pull the USA into a conflict that we can not afford to have. When I see HIm speaking with the EU flag behind him when Georgia is NOT a member of the EU , I see him trying to manipulate the situation.

  
  
• [8] Micheal from Manhattan September 30, 2008 - 11:44AM

  I am interested in the proposed Bering straights Chunnel between Alaska and Siberia

  
  
• [9] eva September 30, 2008 - 05:00PM

  jenny,

  I hate to sound like a broken record, but this is an example of china not only looking out for its business interests, but of learning how to use its soft power, as outlined in the last half of "What Does China Think" by, I think, Mark Leonard.

  It's a short read, and worthwhile.