November 05, 2005

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Quote of the week

The leader on globalisation in The Economist, as expected, provides a stirring summary of the benefits and urgency of further globalisation, despite growing opposition. It contains this gem:

a bill before Congress devised by one of New York's senators, Charles Schumer, threatens a 27.5% tariff on imports from China if that country does not revalue its currency by an equivalent amount. In Mr Schumer's view, presumably, far too many Chinese peasants are escaping poverty.
Heh. The best jokes include a liberal dash of truth.

posted by Simon on 11.05.05 at 11:52 AM in the China economy category.QotD category.


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