3 Responses to “IMF chief economist Blanchard: Growth will likely remain weak both in Europe and US”
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AUTOREFRESH 
http://www.chinadaily.com.cn/china/2010-09/06/content_11258388.htm
“Jinny Yan, economist from Standard Chartered Shanghai, predicted that the EU would continue to be a hotspot for China’s outbound investment in the coming months thanks to the ongoing European debt woes.”
-Will European Growth numbers yet again “surprise” the world thanks to Chinese ODIs? Any thoughts on this?
Furthermore, is anyone worried that Obama’s “New Economic Plan”/targeted initiative will partly/mostly be paid with closing further “corporate tax loopholes” when the U.S. already next year will the the world record holder in corporate tax rates (state and federal taxes combined are now 39.2%).
This combined with the fact that for example Chinese ODIs in North America (according to the article) are just 2.7% of the total outflows, is anyone worried about the future health of corporate America?
It’s strange that the U.S., who should be begging for investments from China, does everything it can to avoid them. What is really the U.S. master plan, if there is any at all?