From Bloomberg News (link) The yuan had its biggest gain since last year’s revaluation before President Hu Jintao meets his U.S. counterpart George W. Bush tomorrow, and as currencies China uses to manage its exchange rate rose against the dollar. Today’s advance, more than this year’s average weekly gain and almost half the maximum China […]
Read MoreFrom Bloomberg News (link) China, the world’s fastest- growing major economy, showed no sign of slowing in the first quarter as investment in factories and real estate surged, a government report may show tomorrow. Gross domestic product in China, which overtook the U.K. to become the world’s fourth-largest economy last year, rose 10.2 percent in […]
Read MoreFrom Reuters via the Washington Post (link) China defended its latest rules controlling foreign access to domestic media and television on Tuesday, saying the government was simply protecting intellectual property rights but was still committed to an open market. Senior officials also said Chinese people preferred reading foreign magazines on science and technology — which […]
Read MoreFrom the Associated Press via the Washington Post (link) Beijing will use artificial rainmaking to clear the air after a choking dust storm coated China’s capital and beyond with yellow grit, prompting a health warning to keep children indoors, state media said Tuesday. The huge storm blew dust far beyond China’s borders, blanketing South Korea […]
Read MoreFrom the Washingtonpost (link) This Thursday, Hu Jintao will be in Washington for his first visit since becoming China’s paramount leader in 2002-3. While summit meetings used to be occasions of great importance and attention, in the aftermath of the Cold War, and particularly September 11, such great power get-togethers have receded as emblems of […]
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