From Asia Times: The latest Chinese economic statistics might make one wonder if the economy is on the verge of overheating. In the past 12 months, Consumer Price Index (CPI) inflation has risen from 0.8% to 3.3%, while first-quarter GDP (gross domestic product) growth came in at 11.1%, the fifth consecutive quarter above 10%. The […]
Read MoreFrom The Christian Science Monitor: If the United States starts charging people and businesses for the greenhouse gases they emit but China does not, America’s economy could fall behind its fast-growing Asian competitor. It’s a crucial issue now bogging climate-change legislation on Capitol Hill. No lawmaker wants to push through laws that are likely to […]
Read MoreFrom BBC News: Taiwan’s prime minister has unveiled a website giving information about what the government says are assets stolen by the opposition Kuomintang (KMT). The government claims the KMT amassed these assets when it governed Taiwan for more than five decades. The KMT, it says, has land and property assets worth at least $1.4bn […]
Read MoreFrom Financial Times: Beijing’s top climate change official says a claim China will become the world’s larger emitter of greenhouse gases as early as this year is “complete nonsense” and an attempt to pressure the country ahead of future global negotiations on the issue. Gao Guangsheng, who heads China’s Office of the National Coordination Committee […]
Read MoreFrom AP via USA Today: China will overtake the USA as the world’s biggest source of greenhouse gasses this year, a news report cited the International Energy Agency as saying. China had been forecast to surpass the USA. in 2010, but its sizzling economic growth has pushed the date forward, IEA chief economist Fatih Birol […]
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