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given a fair opportunity, shoul
To meet President Hu Jintao in China, US President Barack Obama had to cross the same ocean that former president Richard Nixon did for his famous meeting with Chairman Mao in 1972. Ted Williams Jersey . Yet today, the distance seems nowhere as far. In the years since that historic meeting, growing trade and commerce ties have brought the two countries closer. And despite all the uncertainties of the global economy, this much is certain: The relationship between the US and China is more important than ever before. The US and China are the worlds largest and third largest economies, accounting for nearly a third of the global GDP, and the financial crisis has made the world look toward them for leadership. Related readings: Sino-US co-op on upswing: Ambassador Sino-US project raises ire of senator Vice premier urges Sino-US co-op in tackling crisis For the sake of global prosperity, the two countries must answer this call together. They need to strengthen their partnership around three pillars: fueling economic recovery, fostering open markets and forging new economic relationships. First, the US and China have to continue working together to lift the global economy out of the downturn. The crisis has impacted both the countries very differently, but the situation could have been far worse if leaders on both sides of the Pacific had not responded with strong measures, including the massive stimulus packages. In the long run, the two countries need to build a more sustainable model for lasting growth. In the US, families will need to begin saving more and consuming less. Which means China will not be able to depend as heavily on exports to the US for economic growth. That will create an opportunity for China to diversify from a mostly export-driven manufacturing economy to a more service-based knowledge economy. The success of this effort will hinge on two factors that have long underpinned Americas economic growth - strong education and a robust financial market. Education develops human capital and markets improve the flow of financial capital. When countries bring these two forms of capital together, they lay the foundation for growth and prosperity. As the chief executive of a leading global provider of financial and education services, I have seen this foundation come together in China over the past few decades. China has made enormous progress in education: the number of teachers has soared and the illiteracy rate has plunged. The country is now home to the worlds largest school system with about a quarter billion students enrolled in institutions of primary, secondary, and higher education. China today faces the same question that the US has long struggled to answer: how best to prepare students for the challenges of an increasingly competitive global economy. As the number of jobs requiring advanced skills and critical thinking has increased, so has the demand for post-secondary education. In response, the two countries need to strengthen higher education and professional development, and promote online and digital learning because these technologies are crucial to educational excellence in the 21st century. China has made extraordinary progress in the financial arena, too, because of which its stock and debt markets have grown rapidly. Measured by total market capitalization, the worlds three largest banks are now in China. Overall, Chinese financial institutions have emerged from the recent crisis far healthier than many of their counterparts in the West. China has the unique opportunity to emerge as a global leader as the US and other Western economies rebuild their financial systems. By undertaking key reforms, China can build a financial system that is more transparent, better connected to global markets and better equipped to serve the needs of Chinese investors and entrepreneurs. In the years ahead, restoring balance to the global economy will require the two countries to do their part. These are complicated issues, to address which their leaders will need to continue coordinating closely. Second, the US and China will have to continue working together to resist trade protectionism and to expand trade and investment. Over the past 10 years alone, trade between the US and China has more than quadrupled, from less than $100 billion to more than $400 billion. While America has become the largest market for Chinese exports, China has emerged as the third largest market for US exports. It would be a terrible mistake to change course and veer down the path of protectionism because of the financial crisis. During times of economic challenge, it can be tempting for nations to seek comfort behind tariffs and barriers against other countries. History, however, shows the folly of this course. When nations beggar their neighbors, they ultimately beggar themselves. Instead of retreating from the world, the two countries need to open their economies further and continue welcoming foreign investment. They need to reduce barriers to trade and investment around the world by successfully completing the Doha Development Round. In recent months, China has taken positive steps in this direction by promoting greater trade in areas from Asia to Africa. As the chairman of the Emergency Committee for American Trade, I have strongly urged my country, the US, to follow suit. Global trade and investment are not the cause of our problems. They are the solution. Finally, the US and China have to work together to build new economic relationships at all levels. At the government level, Obama and Hu took a welcome step by expanding the Strategic and Economic Dialogue. This forum will give the two countries leaders a platform to discuss critical issues. At the business level, we know that new relationships can lead to innovations. As Chinese companies begin developing more of their own intellectual property, they will share a growing interest with American companies in strong protection for copyrights and patents. These types of protection will be especially important as the two countries work together to develop state-of-the-art clean energy technologies to fight climate change. In every sector of their economies, the two countries should welcome fresh opportunities for partnership. Over the years, the relationship between the US and China has come a long way - from the first seeds of commerce to a flourishing era of growth to a terrible financial crisis. Through these many changes, their relationship has emerged stronger than before. Though an ocean still separates the two countries, a bridge of shared economic interests now joins them. And this is the time to strengthen that bridge. The author is Chairman, President, and CEO of McGraw-Hill Companies. (China Daily 11182009 page9) Tom Brady Nike Jersey ., Kyle Drabek, acquired from Philadelphia in the Roy Halladay trade, pitched two shutout innings in Torontos loss to the Phillies. Drew Doughty Jersey .Y. (AP) - New York Islanders defenseman James Wisniewski could be in trouble with the NHL for making an obscene gesture at New York Rangers forward Sean Avery that was caught on tape during Mondays game. Joba Chamberlain Jersey . Myers has lasted at least six innings in each of his 30 starts this season -- a franchise record -- and delivered seven innings of one-run ball with 10 strikeouts in last nights 4-2 win in the series opener. His current run is the longest in the majors since Curt Schilling lasted six or more frames over his first 35 starts for Arizona in 2002. Sebastian Janikowski Jersey . Williams also had 10 rebounds and seven assists, and Andre Iguodala tallied 22 points and seven assists for the Sixers. Philadelphia swept the season series from the Warriors for the first time since the 2000-01 season. Jake Peavy Jersey . - Embattled Los Angeles Dodgers owner Frank McCourt and Major League Baseball reached an agreement late Tuesday to sell one of the sports most storied franchises, ending a seven-year tenure that saw the team return to the playoffs regularly but was recently mired in legal troubles capped by its filing for bankruptcy protection.A strong finish to last season, a new owner and a strong core of young talent provides plenty of reason for optimism in Edmonton. Edmontons number one line has a new look with the addition of Erik Cole from Carolina. Cole is a power forward who has topped 20 goals and 50 points for three straight seasons and has back-to-back seasons of 76 penalty minutes. His size and skating ability should make him a good fit in Edmonton. The line will also get a shot in the arm with a healthy Shawn Horcoff. Horcoff had 50 points in 53 games before undergoing season-ending surgery last year, so expectations will be high for him this year. Ales Hemsky was the only Oiler to score more than 50 points last year, so he should thrive with a stronger supporting cast. It may be too late to convince Hemsky to shoot more, thereby increasing his impact, but hes still a quality scoring forward. The second line may be the biggest reason for Oilers optimism. Sam Gagner and Andrew Cogliano had impressive rookie seasons and Robert Nilsson showed that his playmaking belongs in the NHL. Gagner had a troubling minus-21 as an 18-year-old rookie, but he finished the season with 28 points in 30 games following the All-Star break. It wont be long before the shootout whiz is the franchise leader. Cogliano also finished strong and the two-way centre also had a respectable plus-1 rating to go with his 45 points. Cogliano can use his speed to create scoring chances, but it remains to be seen how high his offensive ceiling will be. Nilsson had a career-high 41 points last season, perhaps a sign of bigger and better things. Like Gagner and Cogliano, Nilsson is a peace-loving forward -- the trio combined for 65 penalty minutes last year -- so keep that in mind for leagues that have a penalty minute category. Last summers big free agent signing, Dustin Penner, is slated to play on the third line right now, but he also figures to get power play time after he notched 13 goals with the man advantage last season. Penner led the Oilers with 23 goals last year and, if given a fair opportunity, should exceed that total. The defence corps will be markedly different with the addition of Lubomir Visnovsky, a mobile puck-mover who struggled some in Los Angeles last seasson, but is skilled enough to work well in the Oilers up-tempo attack. Wayne Gretzky Kings Jersey. After playing only 26 games last year, Sheldon Souray returns with his big hammer from the point to help the power play. Souray has been a minus player for three straight seasons, but also had three consecutive seasons with double-digit goals and 100-plus penalty minutes before last season. Tom Gilbert had a terrific rookie season, scoring 33 points and he should continue to get better, but his production may not be any better this season as long as Visnovsky and Souray are dominating the power play ice time. Mathieu Garon surprisingly emerged as a solid starter for the Oilers last season, earning the No. 1 status entering this season -- making him a viable fantasy backup -- but the 30-year-old has yet to prove that he can hold onto a starting job for more than one season at a time. If Garon isnt able to hang onto the starters gig, veteran Dwayne Roloson and rookie Jeff Drouin-Deslauriers will push for playing time. Projected Depth Chart LW C RW Erik Cole Shawn Horcoff Ales Hemsky Robert Nilsson Andrew Cogliano Sam Gagner Ethan Moreau Fernando Pisani Dustin Penner Marc-Antoine Pouliot Kyle Brodziak Zack Stortini Ryan Potulny Rob Schremp Gilbert Brule D Lubomir Visnovsky Sheldon Souray Tom Gilbert Steve Staios Denis Grebeshkov Ladislav Smid Jason Strudwick G Mathieu Garon Dwayne Roloson Jeff Deslauriers ' ' '

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