Word: china
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Dates: during 2010-2019
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University President Drew G. Faust spent eight days of her spring break meeting with top government and education leaders in Japan and China, underscoring the University’s efforts to bolster its international presence...
...such luxury is afforded, for instance, to recent China visitor Tom Albanese, the American CEO of the Anglo-Australian mining giant Rio Tinto, for which China is now the largest market. On the same day that Google switched off its Chinese filters, four of Albanese's employees went on trial in Shanghai on corruption charges. If he still believed (as many in the foreign business community did when the four were arrested in 2009) that the trial was retribution for a soured deal with Chinalco, China's huge state-owned aluminum producer, he wasn't showing it. He wasn...
...China can hardly be blamed for favoring its own. Although it has managed to pull through the global crisis of the past two years better than virtually anyone expected (including, truth be told, Beijing's own leadership), its top export markets are still weak, and that is fostering a powerful drive toward boosting domestic consumption. The country also feels threatened by calls - most prominently made by U.S. President Barack Obama - for the renminbi to better reflect market fundamentals. In the past, U.S. Treasury Secretary Timothy Geithner has outright accused China of manipulating the renminbi and most (though not all) economists...
...same time, Wen has also said that "no one wants a trade or currency war." Even as the China Development Forum was taking place, Wen noted that a Chinese envoy was en route to Washington to discuss trade issues, and pointed with hope to a May session of the biannual Strategic and Economic Dialogue, at which high-ranking delegations from both sides will sit down in Washington. "You got a sense," says an American participant, "that he wants calmer heads to prevail...
...rides on that being true, and a key test is upcoming. In mid-April, Geithner has to decide whether to formally brand China a currency manipulator, something the U.S. has thus far refrained from doing. If he does, Beijing will be furious. And if he doesn't, the U.S. Congress, already threatening new tariffs against Chinese imports, will be furious. One hopeful sign: a U.S. Treasury team was recently in Beijing, no doubt talking about exactly this subject. Politics is rearing its head on both sides of the Pacific these days. And it may take an optimist on the scale...