FRONT PAGE: "In China, Rx for Ailing Health System," by Gordon Fairclough, Wall Street Journal, 15 October 2009.

An interesting observation to make: healthcare reform seems to lie at the center of the rebalancing effort in the global economy. China needs it to prevent too much saving by its population, and America needs it to stop out-of-control costs.

So healthcare reform helps China consume more and America owe less--the essence of the rebalancing effort.