With Cash to Spend, China Starts Investing Globally
While the U.S. is trying to jump start bank lending efforts and rid it's financial sector of toxic assets (CDS, derivatives, and sub-prime mortgages), China is using it's HUGE CASH RESERVES to buy the world.
After nine-eleven, the news media and Bush Administration repeatedly promulgated the world has changed as we known it. Have traveled internationally prior and post 9-11, I can tell you the world didn't change post 9-11, America did for a few years, but by 2005 it was almost back to it's pre 9-11 existence.
After this economic turn down, the world is going to change. Countries like China, India, and Brazil will become economic powers to contend with.
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