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01/20/11 ECONOMIST REPORT

01/20/11 ECONOMIST REPORT. Economic Indicators Recap. The China Situation. President Hu Jintao meeting with President Barack Obama. Chinese GDP grew 9.8% in 2010 Q4, compared to United States growth of 2.6% in Q3. Passes up Japan as second largest economy by real GDP.

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01/20/11 ECONOMIST REPORT

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  1. 01/20/11ECONOMIST REPORT

  2. Economic Indicators Recap

  3. The China Situation • President Hu Jintao meeting with President Barack Obama. • Chinese GDP grew 9.8% in 2010 Q4, compared to United States growth of 2.6% in Q3. • Passes up Japan as second largest economy by real GDP. • Economists see China passing up the United States by around 2020. • CNN poll finds 58% of Americans see China as a threat. • Pew Research Center finds 47% of Americans view China as top economy (31% U.S.).

  4. The China Threat • Artificial devaluation of yuangives China unfair export advantage.

  5. The China Threat • Artificial devaluation of yuangives China unfair export advantage (Paul Krugman). • Theft of intellectual property. • Lack of enforcement • Foreign purchase policy • Steve Ballmer • Trade restrictions, other red tape. • National debt

  6. The China Opportunity • High economic growth over past few years. • Growing investment in U.S. from Chinese businesses. • Doubled in 2010 to $4.9 billion from $2.2 billion in 2009. • Cheap imports can boost U.S. businesses.

  7. Looking Ahead… • Eurozone Concerns • Republicans On the Move • QE2 Results • Earnings Season • 01/27 = Durable Goods Report • 01/28 = GDP Report

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