From Reuters via the Washington Post (link) U.S. fears of a rising China are spurring billions of dollars worth of weapons projects, from nuclear-fueled attack submarines to fighter jets to destroyers. Even as President George W. Bush prepares to welcome President Hu Jintao to the White House on Thursday with full military honors, Washington is […]
Read MoreFrom Reuters via the Washtington Post (link) U.S. ties with China are becoming strained over security and economic issues after a relative calm, presenting a difficult challenge as President George W. Bush and Chinese President Hu Jintao meet next week. The two leaders are eager to keep disagreements over matters such as trade and China’s […]
Read MoreFrom Reuters (link) China on Friday issued joint regulations that will open up the channels for Chinese institutional investors to invest abroad and relax controls on Chinese firms and individuals buying foreign exchange. The long-awaited moves to allow more outflows of foreign currency, which would decrease upward pressure on the yuan, come before a visit […]
Read MoreFrom the New York Times (link): Wu Zigfried Zhiqiang grows animated as he clicks through a PowerPoint presentation of the Shanghai of the future, and for anyone who thinks his city is the last word on post-modernism, with its needle-spire towers and kitschy skyscrapers, he suggests that the surprises have just begun. “On the one […]
Read MoreFrom the New York Times (link) His office here on the other side of the world is stocked with ancient Chinese classics. When he travels, his suitcase is often packed with philosophical tracts. Occasionally, he quotes Mao. But Feng Lun is no academic. He is one of China’s biggest real estate tycoons. And he is […]
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