This morning I was riding in a taxi through the Beijing traffic on my way to Tsinghua University to host a Roundtable discussion with a dozen of China’s leading economists and a host of graduate students. My host for the Roundtable, Professor He Weiwen, overheard 2 interesting stories on the driver’s drive-time news radio broadcast:
1) Congress and the White House were approaching agreement on key aspects of the proposed financial rescue package. (Does this tell you how much China is interested in our financial markets?)
2) A poll in that morning’s Global Times newspaper showed that more than 50% of Chinese people believe the US is becoming a more socialist country.
Good for our brand image? I don’t think so.