From Financial Times: China’s vice-premier Wu Yi pledged to push ahead with “reform and opening up” of the economy at the opening session of the first US-China strategic economic dialogue in Beijing Thursday, even as she pushed back against US “misunderstanding” of China. Ms Wu said China will “continue to deepen reform of the financial […]
Read MoreFrom The New York Times: A high-level array of cabinet officials from China and the United States clashed today over how quickly China should move to change policies that have caused friction with Washington, in the opening session of an unusual two-day closed-door dialogue. In marathon meetings at the Great Hall of the People, Treasury […]
Read MoreFrom BusinessWeek: China is poised to liberalize entry into its banking market. A new world of opportunities and irritations awaits lenders both foreign and domestic Come mid-December, any Chinese person, whether he be in Xi’an, Shanghai or Shenzhen, will be able to walk into a local branch of a foreign bank and open up a […]
Read MoreFrom AP via Seattle Times: U.S. Treasury Secretary Henry Paulson confronted mixed signals as he arrived in China today for trade talks, with Beijing announcing a renewed crackdown on pirated goods but also running up a record trade surplus with the United States. American officials are trying to downplay expectations of breakthroughs from the talks […]
Read MoreFrom Forbes: Hu Haifeng, the 35-year-old only son of China’s President Hu Jintao, has been carefully keeping a low-profile at home away from the media spotlight, in-line with his father’s cautious style. But this low-key approach hasn’t prevented the company he heads from making a splash both at home and abroad. The junior Hu serves […]
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