China, according to the US Treasury, cannot technically be classified as a currency manipulator. China has not used the undervalued yuan for a trade advantage, but several Congressmen and Treasury Secretary Henry M. Paulson Jr. have expressed concern over China’s export-driven economy, and they are seeking a solution. From the New York Times: A group […]
Read MoreFrom Mongabay.com: Some call it the eighth wonder of world. Upon completion in 2009, the Three Gorges Dam along China’s Yangtze River will be the world’s largest hydroelectric power generator and one of the few man-made structures so enormous that it’s actually visible to the naked eye from space. NASA’s Landsat satellites have provided detailed, […]
Read MoreFrom the Inernational Herald Tribune: Prime Minister Wen Jiabao said Wednesday that China would tighten policy further to prevent the economy from overheating and to keep inflation in check. In a statement issued after a regular meeting of the State Council, or cabinet, Wen said rising upward pressure on prices was one striking problem facing […]
Read MoreFrom the New York Times: Scientists have uncovered a huge surprise in the Inner Mongolia region of northern China: the fossil skeleton of an unusually robust bird-like dinosaur that lived 70 million years ago. The animal appeared to be a young adult 25 feet long and weighing 3,000 pounds and, if it had lived longer, […]
Read MoreThe Ministry of Public Security has drafted a law that would allow children to be called by a combination of their parents’ surnames. Officials say a change in the law would reduce confusion. From the Times Online: With more than a billion people sharing little more than 100 surnames, Chinese authorities have a problem differentiating, […]
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