Word: beijingers
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But the rally isn't over. The fear that China will stop buying U.S. debt is unfounded. Beijing can't buy anything else with its excess dollars. There are simply no alternative investments that are large enough or liquid enough. But more importantly, there are fundamental reasons why Treasury prices...
When Ted Dean heard in early January that the Chinese government had finally decided to allow the country's three mobile-phone carriers to upgrade to 3G (third generation) network technology, he could hardly believe the long-awaited day had finally arrived. "At one point it seemed like they were...
Even in the best of times, staging an Olympic Games is an extraordinary feat. Hosting thousands of athletes and millions of spectators takes billions of dollars in investment to pull off. But with public and private funding under heavy strain in the global downturn, it's hardly the ideal time...
Read a TIME story about the lessons of the Beijing Games.
More than 10 million hectares (25 million acres) of wheat, nearly half the country's total winter wheat cropland, are now suffering, the most widespread water shortage since 1951, according to China's Office of State Flood Control and Drought Relief. Beijing has not recorded precipitation since for over four...