Word: china
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...working seven days a week, though he sees little point in holidays "because there's nothing to do here." By the time he finishes paying hefty deductions for his room and board, he makes less than he would at an equivalent job back home. But unemployment is rising in China, and Chen struggled for months to find alternative work back home. "It's not a good job, but what else can I do?" he asks, fanning himself with the strip of cardboard. "I have to eat and send money home." For Chen and the other workers - Chinese as well...
...Read "In China's Lending Boom, Small Businesses Go Begging...
...pictures of China's infrastructure boom...
President Barack Obama's tour of china was an exercise in awkwardness, micromanaged and tightly controlled by a host intolerant of spontaneity. His meeting with Chinese counterpart Hu Jintao was, to put it kindly, stilted. Flash forward a week to the lawns of the White House and the difference couldn't be more palpable. India's Prime Minister Manmohan Singh, the guest of honor at the first-ever official state dinner in the Obama era, was feted in an atmosphere of easy conviviality, surrounded by a bubbly cast of celebrities and power brokers who toasted the bonds between the world...
...while the pomp and ceremony with which Obama hosted Singh on Nov. 24 may have prompted breathless gushing from the Indian media, it still can't shake a perception in India that it has lost ground to China in the new Administration's Asia policy. Many in New Delhi saw Obama's performance in China as acquiescent toward an emboldened Beijing. And they see India having a diminished role in the strategic calculations of Obama's White House, at least in comparison to the centrality it enjoyed during George W. Bush's eight years in office. (See pictures of Obama...