Last Updated on December 16, 2008 by stlplace
Amid all these financial crisis, I will fly to Shanghai tomorrow: not to rescue the economy but I will get first hand glimpse on China economy. Shanghai is the economy center of China, just like New York is the financial center of the US.
The mood in the US is not good. The Big 3 car makers are still waiting for the emergency fund from the White House and Treasury. The governor of Illinois is allegedly involved in “selling the president elect’s senate seat”, things we usually heard from developing democracy. This incident also put some clouds on the president elect’s leadership. Leadership? Did we ever see any leadership in this country lately, except bailout the Wall Street guys (Bear, Fannie/Freddie, AIG, TARP, Citi,…).