Upon arrival in the US, China’s President Xi Jinping extended a very generous entrepreneurial hand.
“In a display of give and take, Boeing Co. unveiled its largest industrial investment in China and landed $38 billion worth of jet orders and commitments from Chinese carriers and lessors as the country’s president visited Boeing’s main factory.
Wednesday’s announcements, which came during Xi Jinping’s first state visit to the U.S, underscored the intertwined interests of the world’s largest plane maker and an aviation market on track to soon become the world’s biggest.”
To top that off, over the weekend according to http://www.nytimes.com/2015/09/27/world/asia/president-xi-jinping-of-china-pledges-2-billion-to-fight-poverty.html?_r=0
“President Xi Jinping told the United Nations on Saturday that China would pledge $2 billion as an initial investment for development assistance to the poorest countries. Addressing a United Nations summit meeting on development, Mr. Xi said China would increase its funds to $12 billion over the next 15 years to help the United Nations reach a goal of eliminating extreme poverty by 2030.”
Also it was pointed out in last week’s New Yorker that “trade between China and the U.S. has grown from $2 billion in 1979 to $592billion last year, making the two nations more interdependent than ever before.”
What do you think the West should make of this sugar daddy of the East?