China to the Rescue

The Rust Belt - Detroit, Milwuakee, and St. Louis.

These are where the auto parts makers are and they are hurting. Would $820 million help? Perhaps it would, but who has that kind of money?

China does - in foreign reserves.

In a www.businessweek.com article, Charles Freeman, who's father served as President Nixon's translator on his ground-breaking trip to Beijing way back in 1972, and who now heads the China Alliance, a three-year-old firm that is trying to attract Chinese investment, is working hard at tying China and the Rust Belt together.  What happens if/when he does?

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