China has issued a ‘Buy Chinese’ order as part of its £400bn government stimulus package in a move that could fuel tensions between Beijing and Washington over claims of trade protectionism during the current financial crisis.Guys like Brad Setser trust the numbers released by the Chinese. I know that Setser is smarter than me, but I think that the Chinese system is structured towards tremendous statistical lies.
Wednesday, June 17, 2009
Let's have a trade war
If China's economy is so great, why are they enacting the very same policies they criticized the US for?
Posted by Lou Minatti at 7:06 AM