Wednesday, April 22, 2009

138. United States and China in this Economic Recession

Dr. Wang delivered his speech at the prestigious Coffee House Club in Manhattan on March 25, 2009.

In his speech Dr. Wang told his audience, "No one knows what will happen in the future, but the past can help guide us into the future. The lessons of the past are like a map into the future. By examining the founding fathers’ efforts to prevail over the first economic crisis of the New Nation, we learn how to move forward. However, by comparing the two events (the Empress of China sailed from Manhattan in 1784 and on the first Monday of 2009the ringing of the New York Stock Exchange’s opening bell was started by Stephen Orlins, the Chairperson of the National Committee on United States-China Relations.) we have found that both events happened in Manhattan and both in critical time for the United States. Clearly, we can derive at the conclusion that China is important to the United States. The cooperation between the United States and China is crucial to prevail over the economic crisis.

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