Our politicians are obsessed with talking about “the economy.” They never actually specify which economy they are referring to, but it’s usually a pretty safe assumption that they mean the one they have a hand in leading.
When I read an article today in the South China Morning Post reporting on Vice President Xi JinPing’s statements concerning economics, I assumed that, like US politicians, he would be concerned about his home economy. Ultimately, of course, he was, but interestingly enough his actual statement was almost identical to what we’ve been hearing from political leadership in America: he has “full confidence” that America will “get its economy back on the track of healthy growth.”
This was on the front page of a Chinese newspaper. This surprised me at first, but I suppose it shouldn’t have; China has for a while been our top investor ($1.2 trillion in US treasuries) so it makes sense that they would follow our debt ceiling debate closely. I guess it’s just interesting to think that despite their breakneck speed of development and the spirit of competitiveness between the two countries, China is actually our number one fan. Much like how when we buy stock in a company we start cheering them on, they have invested so heavily in us, they want us to succeed almost as much as we do.
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