While there may be ample reason to fear that the Chinese will subvert our economy by dumping U.S. dollars, there is greater reason to fear the drywall that they sent with no malice aforethought.

Little Macao's economy and steady unemployment levels may be worth the attention of a Western Analyist. The unemployment in Macao has remained steady, which in turn may give hopes to the Chinese economy and that in return may brighten the outlook of the global economic recovery.

China has produced its slowest economic growth rate on record, but officials there say the economy performed better than expected.

This has been brought up before, but only on shows such as Bill Moyers' Journal and the like. What happens if China decides it no longer wants to "fund" our growing debt by buying U.S. debts securities, such as Treasuries? On Friday, Chinese PM Wen Jiabao expressed, strikingly, concern about the safety of China’s $1 trillion investment in American government debt.

The unemployment rate rose to 4.6% in the November to January period, from 4.1% in the October-December quarter. The underemployment rate nudged up from 1.9% to 2.1%.

The good news is that it seems that the Chinese stimulus is taking some effect on the Chinese economy. Stimulus taking hold in China lifts stocks. Shanghai hits a five-month high. The problem with the Wall Street is that the investors, ahead of the three day weekend need to decide if they want to own stocks or sell them. This morning stocks open lower as financial shares remain under pressure and stimulus plan heads to votes in House and Senate.

I don't know if the Chinese economy is an indicator or a way of measuriing the condition of the global economy, but certainly a good news came from the mouth of the Chinese Premier Minister at the World Economic Forum in Davos saying that the Chinese economy is showing the early signs of recovery.

At the beginning of 2009, it greets the financial reform of China as tidings of great joy, that the Agricultural Bank of China Limited (ABC) celebrates its inauguration in Beijing on January 16th, 2009. The inauguration indicates not only a critical triumph for the Bank's shareholding reform, but also the final stage for reforming the wholly state-owned commercial banks of the country.

Stock markets in Asia and Europe are posting gains Thursday, despite warnings China's economy is slowing down.

There is no strong empirical evidence that inflation in China has a significant impact on inflation in the US and Japan. According to a study in China and World Economy published by Wiley-Blackwell, the recent rise in Chinese prices is unlikely to affect Japan or the US. Conversely, there is evidence that the inflation in the US has had some impact on Chinese inflation.

Southeast Asia will face stiffer export competition from China and likely bear the brunt of any impact in Asia from a major economic slowdown in the United States, an IMF official has said.

Hong Kong continues to top a list of the world's freest economies and the Philippines posted a record balance of payments surplus in 2007. Claudia Blume at VOA's Asia News Center in Hong Kong has more on these and other business stories from the region.