On Jul 25, 2007, at 1:11 PM, bhandari at berkeley.edu wrote:
> Thus this question: will this export of capital prove a transient,
> periodic phenomenon to be interrupted sooner or later and replaced
> by the
> import of US goods as part of an even bigger domestic Chinese
> investment
> boom?
What goods? Aside from aircraft, what capital equipment would the U.S. export to China? Most of China's capital goods imports come from Japan and other Asian countries.
> If not, then why not? And what would that imply? A foreboding
> inflation of
> financial assets?
We've already had one of those, since like 1982.
Doug