Word: china
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...some health risk or claiming a failure to meet Chinese safety standards. Instead, we kicked the can down the road, launching an 'investigation' about possible trade violations - one that will be long forgotten by the Chinese public by the time it's completed months from now. (See pictures of China's investments in Africa...
...fact is, despite what the headlines in your financial press might say about China's 'strong' growth, our economy is still hurting - thanks to the financial collapse your country inflicted on the world. Our export sector is particularly suffering, so the last thing anyone needs is for us to go all nationalistic and start a trade war. We understand we need the U.S. market, and we also have a desire for stability right now - more so than usual. Next month is the 60th anniversary of the founding of the People's Republic of China, and then in November...
...General Assembly in New York City before heading off to Pittsburgh, Pa., for the G-20 summit on Sept. 24-25. This is what a more relaxed Hu might say to Obama, whose first major decision on trade was to slap a 35% tariff on tires produced in China - an action that generated a flurry of stories in the media about the possibility of a U.S.-China trade...
...aides handed me something before our meeting. It's a quote from one of the more popular online chat rooms in China, and I'm told it reflects pretty accurately the prevailing sentiment in my country in the wake of your decision to discriminate against tires made there. (U.S. companies, by the way, produce two-thirds of those tires. We all had a good chuckle about that in the Politburo. Here I am, the head of the Communist Party in the People's Republic of China, and I'm apparently more of a capitalist than...
...your debt does give us leverage, and we have some decisions to make now. Specifically, we'd like to diversify our purchases because the dollar is getting weaker by the day and we want hard assets. Companies, land, buildings, amusement parks, golf courses, whatever. Our sovereign wealth fund - the China Investment Corp. - is already looking at possible investments, as are some of our state-owned companies. A few years ago, one of our better-run companies, CNOOC, tried to buy a second-tier oil company in Los Angeles, UNOCAL, but backed off after your own xenophobic politicians created a ruckus...