Author: zhou shuren

China Spacecraft to Launch Soon to Test Docking

China announced it will be launching Shenzhou 8, an unmanned spacecraft, next month. The spacecraft will attempt to dock with an experimental module, the Tiangong 1 which is currently surveying Chinese farmland using special cameras. From the Associated Press: The 8.5-ton, box car-sized Tiangong 1 launched last month has moved into orbit 217 miles (350 kilometers) above the Earth

October 26, 2011

China Calls Rapid Yuan Rise Impossible

The Ministry of Foreign Affairs on Wednesday commented that yuan appreciation in the near term is out of the question. While the yuan has risen around 30% against the U.S. dollar, Foreign Ministry spokeswoman Jiang Yu asserts that the yuan is close to reasonable equilibrium level. From the Wall Street Journal: “In the short term, pushing for rapid yuan appreciation is not possible.

October 26, 2011

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