More Than Lip Service in China?
By
Kris Eddy
November 18, 2009
|
Anyone want to parse the speeches President Obama and Chinese President Hu Jintao gave during a press conference Tuesday in Beijing? Well, maybe just check out the Washington Post story on the event and save the transcript for the weekend. Then ask yourself whether anything the leaders said makes you feel more comfortable about investing in China.
Here are a couple of tidbits:
Hu: "The two sides reiterated that they will ... continue to have consultations on an equal footing to properly resolve and address the economic and trade frictions in a joint effort to uphold the sound and steady growth of their business ties and trade."
Obama: "[W]e agreed to ... pursue a strategy of more balanced economic growth -- a strategy where America saves more, spends less, [and] reduces our long-term debt, and where China makes adjustments across a broad range of policies to rebalance its economy and spur domestic demand."
Do your fellow Fools a favor. Scroll down and sound off in the comments box below about the president's trip to China and what it might mean for American investors who want to take advantage of the economy there and companies such as PetroChina (NYSE: PTR), New Oriental Education & Technology (NYSE: EDU), CNOOC (NYSE: CEO), and China Marine Food Group (NYSE: CMFO).
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