Word: copper
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While China has vastly expanded trade ties and investments in Africa, Central Asia and South America, its foremost goal is to ensure its access to natural resources. In Afghanistan, China's $3 billion copper-mine investment is the country's largest single investment, but the stability of the war-torn region didn't merit a mention in Hu's 20-minute address. Neither did appreciation of China's currency, the renminbi, which Obama called "an essential contribution to the global rebalancing effort." Hu did, however, say that China and the U.S. "need to oppose and reject protectionism...
...housing turmoil and the weak dollar have weighed heavily on small business as demand for building contractors, which are often smaller businesses, dried up in the housing bust, and the cost of importing raw materials like copper for contracting work has risen due to the weak U.S. dollar. Large companies with overseas operations have an easier time hedging against those risks...
...Chinese Foreign Minister visited Nepal last December to launch construction of a new highway connecting central Nepal to China, and soon after, China announced plans to extend a controversial railway to Tibet as far as the border with Nepal. India is countering: after Beijing agreed to develop a massive copper field in Afghanistan, New Delhi pledged more than $1 billion in development aid to Kabul. (Download a PDF map of India and China...
...feet of natural gas in the province has raised the prospect of significant outside investment, but it has only deepened Baluch anxieties of alienation. China has already set about securing access to Baluchistan's other rich veins of resources: it owns a controlling interest in the massive gold and copper mine at Saindak and has steered the building of a $1 billion blue water port at Gwadar, mostly using Chinese labor. The growing hub of Gwadar, which Islamabad has slated to become a special economic zone, is not only a focal point of Chinese strategic interests in southwest Asia...
...sensation. Yongzheng's reign, from 1723 to 1735, represents one of the highest watermarks of Chinese imperial taste. The exhibition includes snuff bottles, superb vases, translucent agate tableware, elegant copperware and one-off items like a black lacquer hand warmer adorned with a painted landscape, or a copper stand for holding imperial crowns. But most gratifying of all is the fact that these treasures are finally being shared, and not being fought over in a civil...