Word: china
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...Praising China's use of moral suasion to persuade the banks to cut back on lending instead of resorting to the blunt instrument of raising interest rates, ING sees GDP returning to its trend growth of 10% next year. The Shanghai index now "rests two standard deviations below the trend line that starts in early November 2008, which we consider strong support," says ING chief economist Tim Condon. "We do not expect the support to be broken...
...right? Only time will tell, of course. But China's economic policymakers have been performing admirably since they wisely held the line on devaluing the renminbi in the 1997 Asian financial crisis. Their decisive action on a massive fiscal spending program this time around has helped the economy bounce back strongly...
...first two visits in 1997 and 2001, when he met with incumbent presidents Lee Teng-hui and Chen Shui-bian, both advocates of independence for the island, he won't be meeting or even crossing paths with President Ma Ying-jeou, who has been drawing Taiwan closer to China. (See pictures from the Dalai Lama's 60 years of leading Tibet...
...come on purely humanitarian grounds, politics was very much on the minds of the people following him around Siaolin. Nearly a hundred reporters shadowed him on the long drive to the remote village in the mountains. After his prayers, they asked him about Tibet's own relations with China. "We Tibetans are not seeking separation," he replied. The Dalai Lama has been pursuing "meaningful autonomy" for Tibet and the preservation of his people's culture and religion, but China sees him as a separatist, and is wary of his interaction on the global front, especially in Taiwan, which China also...
...Since he came into office last year, Ma has sought closer ties with China and has succeeded - now Taiwan and China have direct transportation, financial and cultural exchanges. The Dalai Lama praised the warming of ties between Taiwan and China. "Things are moving better, that's good," he said on Monday. "The Taiwanese should have a very close and unique link to China, but at the same time, Taiwan enjoys democracy - that you must preserve...