BTW, when it comes to investing your people's savings in

BTW, when it comes to investing your people's savings in China, in general don't give your savings to the USA with US T-bills and subsidize US borrowers. Instead:

1. Invest your savings in Chinese national infrastructure (roads, bridges, public transportations), in Chinese science and technology (and publish your scientific, technical and academic papers in Mandarin Chinese, you have to make Mandarin into an international language for publishing important ideas and findings, for Westerners to take China more seriously).

2. Also invest your savings in Chinese universities, provide seed capital to Chinese entrepreneurs to start more "Chinese silicon valleys," invest in renewable fuel technologies and research (tidal, wind, solar, geothermal, fusion and hybrid/electric vehicles), a Chinese space program, the arts and so on.

3. In general, invest in and encourage the domestic Chinese economy instead of buying US T-bills.

Honestly, the way the USA has screwed over China with the loss in the T-bills' value-- it's just like the Opium Wars all over again, except in this case it's the naive Chinese Central Bankers who have just given the United States the equivalent of 1 trillion RMB of silver!
Posted by Rimbaud at 2008-09-05 16:49:07
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Table Tennis is the National Sports of China