Amity Shales says that "(t)he reason Hu Jintao decided to visit the U.S. this month is that the Chinese leader wants to know when the U.S. economy and its currency will be stable and strong again. It’s good the Chinese are known for patience because Hu may have to wait a while.
At least that’s the view according to John Taylor, a Stanford University economist who has influenced Federal Reserve policies in the past.
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Comment: Taylor is too optimistic by my account, and even Chinese can lose patience.
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