Wen and Putin on the phone China’s Premier Wen Jiabao held an in-depth phone conversation with Russia’s Prime Minister Vladimir Putin on bilateral trade and other issues of common concern. They both emphasized each other’s significance as strategic partner and the importance of continuing cooperation. The phone conversation was held on the same day that […]
Geithner phones China, G7 officials on economy U.S. Treasury Secretary Timothy Geithner telephoned foreign finance officials to underscore the need for quick government action to restore economic health and reassure China that the United States wants to sustain a close dialogue, the Treasury said on Monday. China Trade Collapse Weakens Taiwan Dollar, Ringgit The Taiwan […]
Beijing 2008 Olympic Games , Considered a successful demonstration on behalf of Beijing, which debuted its growth to the rest of the world, but all the attention the country received was not awarded without controversy over its contested human rights record, and unfavorable environmental practices. Strategic Economic Dialogue , Gained momentum at the beginning of […]
Thursday, December 4, 2008 marks the 5th round of US-China bilateral trade talks, formally named the Strategic Economic Dialogue, and jointly facilitated by US Sec Treas Henry Paulson and Chinese VP Wang Qishan. While topics for discussion include product safety, environmental issues, and revaluation of the Yuan, the heavyhitter this round centers around the global financial […]
Beijing joined other governments around the world in cushioning against economic slow, announcing its $586 billion package plan for infrastructure (roads, airports); tax deductions for exporters; increased investment in health, education, environmental protection, and technology; and more generous subsidies for farmers and lower-income individuals. Behind the announcement of this stimulus plan is Chinese apprehension over facing zero export growth. What this means […]
On October 16, The Committee of 100 and George Mason University sponsored a debate between advisors to the McCain and Obama campaigns on the topic of: A Framework for U.S. Policy toward China: Positions of the Presidential Candidates at George Mason University in Fairfax, Virginia. Moderator: Kathy Chen, Editor and Assistant Washington Bureau Chief of […]
For the second time in less than a month, China cut interest rates today, supporting efforts to strengthen domestic economic growth. The 0.27 percentage point cut brought the rate for one-year bank loans to 6.93 per cent and followed a reduction of the same size announced in mid-September. China's consumer price inflation has fallenfrom a […]
Li Changjiang, head of the General Administration of Quality Supervision, Inspection and Quarantine for China, has resigned for failing “to conduct a proper inspection in this case, and Li Changjiang bears responsibility for this. The State Council has accepted his resignation,” as reported by China Central Television. Serving since 2001, the resignation comes one year […]
Melamine, a chemical additive used to make plastics and fertilizer, has been confirmed to contaminate milk powder (produced by China's Sanlu Group), which is widely used in baby formula consumed both in China and New Zealand. Today, the contaminated milk product is confirmed to have been included in products reaching as far as Yemen, Bangladesh, […]
Sec Treas Henry Paulson recently published an essay in CFR's Foreign Affairs magazine, which discusses leveraging trade as a platform to strengthen the SinoAmerican relationship. He writes hopeful that the next administration will engage China in a way that is responsive to its “twin priorities” of “territorial integrity and economic growth.” Paulson's theory revolves around the […]
Joe Biden (D-DE), presidential runningmate for Dem nominee and well-favored Obama, and his stance on China: 2000. Voted for the US-China Trade Relations Act, to normalize trade relations with China. 2001. Speech to the Asia Pacific Council of the American Chambers of Commerce: "Our top priority should remain integrating China into the community of nations, articulating […]
China's Xinhua Press is reporting that China welcomes the Georgia-Russia peace plan regarding South Ossetia on Wednesday, with optimism that the ceasefire would generate dialogue that would bring both nations on a common path to a solution. China's position on the conflict favors an agreement between both parties, and has remained netural as far as […]
Catch this post by R. Basas on the Latin America blog, which explores emigration patterns and Asian settlements in the Americas. Truly a timely piece with the steady streams of media infiltrating our inboxes, television sets, newspapers, and ipods – covering all things China.
US: 10 Gold, 8 Silver, 11 Bronze = 27 Medals PRC: 17 Gold, 5 Silver, 5 Bronze = 29 Medals Last night, China clinched the gymnastics gold from US in an unprecedented upset. US coach Bela Karolyi and Chinese coach Lu Shanzen went head-to-head in an unimpressive round of PR blows. US media outlets are […]
In the next year, China will edge out the US as the world's largest producer of manufactured goods – an achievement that is coming 4 years earlier than originally expected. A substantial reason behind this premature development is the weakening US economy. Stats from last year showed the US produced one-fifth of all manufactured goods, […]