From NPR Despite the recent slide in its growing market, China needs to pursue reforms to open up its economy as quickly as possible, says United States Treasury Secretary Henry Paulson. On the eve of his trip to China, Japan and South Korea, Paulson says he’s more concerned about the broader Chinese economy than the […]
Read MoreFrom The Christian Science Monitor: Sharp declines in share prices this week appear unlikely to deter the tens of millions of Chinese who buy in. Standing before a bank of computer terminals as the Chinese stock markets opened for business on Thursday morning, the trader was blas√© about the slump in stock prices on local […]
Read MoreFrom MSNBC: Many voters, pundits and pollsters think Iraq will be the decisive issue in the 2008 election, but increasingly Democratic presidential contender Sen. Hillary Clinton is focusing on another country: China. Clinton is making America’s dependence on Chinese investors a central theme of her 2008 message. She took to the CNBC airwaves Thursday to […]
Read MoreFrom Reuters: Xie Huilan, 66, has worked all of her adult life and has never given a thought to retirement. Indeed, she and her 73-year-old husband work harder than ever, farming their plot of land in China’s northwestern province of Shaanxi and caring for their grandchildren, whose parents are migrant workers in the cities. “Of […]
Read MoreFrom AP via Boston Herald: China plans to prosecute nine former government and state industry officials over a politically charged pension fund scandal in its business hub of Shanghai, state media reported Friday. The nine, including the former chief of the Shanghai Labor and Social Security Bureau, have been kicked out of the Communist Party […]
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