Word: beijingers
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But what's really good for the dollar is China, which has a couple of solid reasons to help maintain the stability of the U.S. currency. One is that China is one of America's biggest creditors; the country holds some $519 billion in U.S. Treasury bills (second only to...
Some developing countries welcome a new model of capitalism. Cambodia, for example, has played the game of global trade; it signed a deal with the U.S. governing its garment exports, a big part of its economy. Now some Cambodian leaders think they should look elsewhere. "Why wouldn't we copy...
Highlight Reel1. On Dongguan, the fast-changing boomtown where Chang does the majority of her reporting: "No one is sure how many people live here. According to the city government, Dongguan has 1.7 million local residents and almost seven million migrants, but few people believe these official figures...Dongguan is...
That doesn't mean that Beijing will be writing a blank check for Washington as it begins the process of raising the $700 billion the Treasury Department has been authorized to borrow to stabilize markets. As Beijing-watcher Will Wo Lop Lam wrote recently, Chinese leaders are expecting the U.S...
What China will likely not do is buy direct stakes in troubled banks, says economist Arthur Kroeber of Beijing-based Dragonomics consultants. "They have been burned already and will be very cautious," Kroeber says, referring to previous multibillion-dollar investments in companies like Blackstone and Morgan Stanley that have plunged...