Word: china
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...well. A commentary on the state-run news service Xinhua reminded readers that protectionism was a key cause of the Great Depression. "Smarter actions are required to prevent a repeat of that painful history," the commentary said. "The latest U.S. decision was not one of them." (See pictures of China's investments in Africa...
...timing couldn't be worse. Policymakers and business leaders have been looking more and more to a partnership between China and the U.S to solve the world's most intractable problems, from reform of the global financial system to climate change to nuclear proliferation. Most pressing, cooperation between Washington and Beijing is seen as absolutely crucial to nurturing the budding recovery of the global economy. The two sides need to alleviate the giant economic imbalances - excessive debt and deficits in the U.S. paired with excessive savings in China - to restore the world economy to a more sustainable growth path...
...days following Washington's tariff announcement have seen an outpouring of criticism of the U.S. decision in the Chinese press and on the blogosphere. "Americans are shameless," noted an Internet commentator. "They always blame others for their own problems." Critics accused the U.S. of sacrificing its relationship with China to domestic politics, and calls for retaliation were widespread. "The Obama administration is doing a favor for Big Labor in the U.S., but China now has to make choices of its own," blasted an editorial in the Beijing-based daily Global Times. "A trade war would be regrettable, but creating...
...world will get an instant check on how the trade dispute could impact overall China-U.S. relations. Obama and Chinese President Hu Jintao are expected to attend next week's G-20 summit in Pittsburgh, Pa., where the world's most influential economies will tackle sticky issues like the continuation of economic-stimulus measures and improved regulation of the global financial system. "We all need to be a lot more alarmed" by the trade spat, says Michael Pettis, professor of finance at Peking University. "Rising anger makes it more difficult to cooperate." At a crucial moment for the economy...
Setting the Record Straight In our article "China's Power Play" we should have emphazised that Lishen provides hardware manufacturing while Coda provides sales know-how and high-tech expertise [Aug. 31]. And also, Coda Automotive is based in Santa Monica, Calif., not Silicon Valley as we stated...