Here’s a good sign of Chinese-American cooperation. The Associated Press reports that China wants to invest some of its US government debt in American infrastructure:
China wants to convert some of its mountain of U.S. government debt into investment in renovating American roads and subways, the commerce minister said Friday.
Speaking to a business group, Chen Deming said China wants closer cooperation with the United States in infrastructure, clean energy and technology…
“We hope to achieve cooperation in the area of infrastructure,” Chen told members of the American Chamber of Commerce in China.
Chen said he was amazed at the high quality of American subways and other infrastructure when he visited 20 years ago but many roads, railways and ports today need renovation.
“China is willing to turn some of our holdings of your debt into investment in the United States, hoping to create jobs for the United States,” he said.
I can think of some GOP candidates who might welcome the idea; a Great Wall on the Rio Grande?But seriously, it might make sense for some state governors to have their trade officers sound the Chinese out on this. Bridges, highways, airports: the Chinese have built a lot of these lately, and at their best, the work is very good. (Watch out for the high speed rail, however.)