Word: china
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...address before taking questions, Obama mentioned the long struggle in the U.S. for equal rights among its citizens, invoking Martin Luther King and Thomas Jefferson to suggest parallels for increased individual rights in China. "We do not seek to impose any system of government on any other nation, but we also don't believe that the principles that we stand for are unique to our nation," Obama said. "These freedoms of expression and worship - of access to information and political participation - we believe are universal rights." (Read "Obama in Southeast Asia: Mending Fences in a Key Region...
...event, Obama invited the audience to travel to the U.S. "I think you will find that the American people feel very warmly toward the people of China," Obama said. And then he stepped off the stage, just like in Iowa and New Hampshire, and began shaking hands with the starstruck crowd...
...pictures of the making of modern China...
Such exuberance is both good news and bad for China's leadership. The revival of the real estate industry is a key reason that China's economy is emerging from the global recession with such strength. But frothy increases in home prices are also fueling concerns that the property boom could turn into an unstable and dangerous bubble. According to government data, property prices in 70 cities rose 3.9% in October from a year earlier - the largest increase in 14 months. In 20 of the cities, prices jumped more than 1% from the month before. The phenomenon isn't limited...
While newspapers in the U.S. are still filled with reports of foreclosures and ongoing declines in home prices, the headlines in China tell a different story. One local daily reports that in Shanghai on Oct. 30, more than 200 potential buyers crammed into the sales office of a new housing development, snapping up 120 of the 150 available apartments in just one night. Several weeks earlier in the central Chinese city of Wuhan, 300 people lined up to buy new apartments, some of them arriving two days before the sale. A picture in the local press showed eager customers...