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Timothy Geithner’s warning this Thursday that President Barack Obama believes China is “manipulating” its currency may trigger renewed tensions between two of the world’s biggest economies.
Geithner, Obama’s nominee for Treasury secretary, also told senators the administration will press China to “adopt a more aggressive stimulus package” to boost its domestic economy. The remarks on manipulation [...]
A court in Shijiazhuang on Thursday sentenced two men to death for their role in the country’s deadliest food scandal in decades that embarrassed the Chinese government and prompted hundreds of families to sue for compensation. The woman in charge of the dairy company at the heart of the crisis, Tian Wenhua, was sentenced to [...]
For a full explanation, see the NY Times article here.
What is funny about this, besides the hapless anchorwoman and pundit forced to suddenly ad-lib and talk about the “economic challenges that Obama faces”, is that the term “Communism” was almost certainly in reference to the former USSR and not China. But when [...]
An interesting article in today’s NY Times about the collapse of the Pu’er tea market in Southwest China. The decline was first reported by Olivia Chung of the Asia Times Online in June of 2007…both worth checking out.
It looks as though China’s major media conglomerates are making large-scale efforts to expand their reach and influence overseas, the South China Morning Post reported yesterday. China’s three major media networks, CCTV, Xinhua, and The China Daily have been meeting with media consultants and advisers on how best to expand their global reach and enhance [...]
It seems the Chinese authorities are ramping up their efforts to censor the Internet lately. Last week the Ministry of Public Security posted a terse statement scolding 19 Internet companies, including Google and Baidu, for the “enormous number of vulgar, pornographic sites appearing on their sites”. The goal, according the Ministry, is “to purify [...]
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