April 26, 2007 14:15 Beijing Time
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China's economy has humbled many smart people in recent years.

It has defied those arguing it would slow, those predicting a hard landing, those saying its currency would surge and those concerned that social unrest would shake Asia's second-biggest economy to its core.

Yet no one has been more outmaneuvered by China than the world's two biggest economic powers: the U.S. and Japan.

As Japanese Prime Minister Shinzo Abe and U.S. President George W. Bush meet in Washington later this week, both leaders may think markets give a hoot. Abe and Bush may hope that by solidifying ties, investors will somehow feel the global marketplace is a safer, more prosperous place.

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