Interesting story here via the NYT on how China (in true fashion) is using the current global financial crisis to its benefit.  China is taking this opportunity to shore up its domestic demand, reduce social unrest by providing job training, rapidly and dramatically increase bank lending, slow inflation, and more.  Leave it to China to quickly pass a stimulus package that dwarfs that of the U.S. (on a per capita GDP basis, and as a share of total GDP) and use the downturn as an opportunity for long run future …

“To be honest, I am definitely a little worried.”  So said Wen Jiabao in a recent press conference, referring to the massive amount of money that China has used to finance US debt in recent years.  China has emerged as one of the most stable nations during the current global financial crisis with their enormous cash reserves, half of which are invested in the US.  Hillary Clinton, on her recent trip to China, reassured Chinese officials of the safety of their investments, but Chinese officials are still worried about the …