Word: beijingers
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The agreements are an unusual step for China, which has historically used U.S. dollars to conduct its external trade. But with some 70% of its $2 trillion in foreign reserves parked in the U.S. currency, China is searching for ways to diversify. Beijing's main concern is that the dollar...
Arguments against the status quo have their merits. Over the past two years, global dependence on the dollar has been at the heart of the world's nastiest economic problems. Early in 2008, a weakening dollar was a factor in spiking prices of energy, commodities and food, which placed a...
As Li reveals the lines of connection - some hidden, some potential, some accidental - between these lives and gives each of them vast, rich interiorities, news reaches Muddy River of Beijing's Democracy Wall movement (in which reformists posted calls for political change on a wall in the city center). It...
BEIJING Chinese shoppers appreciate DKNY's flattering swimdress ($124)
China's reaction to the launch was almost nonchalant, as if its diplomats couldn't be roused to work on a pleasant spring Sunday. In effect, Beijing said, Let's move along, folks - nothing to see here. The Foreign Ministry, in fact, issued a statement calling on other nations not...