Word: globalizes
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...prize to push for the release of dozens of jailed activists being held throughout the country. Expectations aren't high. In February, Secretary of State Hillary Clinton said the U.S. wouldn't allow human rights to derail cooperation with China on issues like climate change and rebuilding the global economy. Then last month Obama decided to postpone meeting with the Dalai Lama, the exiled Tibetan spiritual leader, until after his visit to China. That was widely seen as an effort to avoid upsetting Beijing...
...Canada. But 56% categorized China as an adversary and just 33% called it an ally. That ambivalence is reflected on the other side of the Pacific. While Obama is popular in China, his celebrity has done little to move public opinion about the U.S. overall, according to the Pew Global Attitudes Project. The favorability rating of the U.S. among Chinese is just 47%, exactly what it was two years...
...Many economists argue the low value of China's currency helped contribute to the global imbalances that precipitated last year's financial crisis. China has rejected that idea, and instead points the finger at the U.S.'s profligate spending and weak control of financial markets. Obama is expected to raise the renminbi issue during his visit to China, but with China trying to prop up an export sector that has suffered from the downturn, there is little hope that it will allow its currency to appreciate anytime soon...
...Another China skeptic is Pivot Capital Management, investment manager of the $505 million Pivot Global Value Fund. In an August report, it makes the startling claim that China is not 45% urbanized as the World Bank and other international agencies estimate. That figure could be "understated as much as 20%," says Pivot, "meaning that instead of about 350 million people, only 100 million actually would need to be urbanized...
...story noted that, despite conventional wisdom that a rejuvenated Chinese economy, which grew 8.9% in the third quarter, could pull the global economy out of recession, several skeptics were arguing the Middle Kingdom's performance was unsustainable - and even that it was mostly a mirage. Chief among these naysayers is billionaire hedge fund investor Jim Chanos, who famously sold Enron short in 2001 after concluding that the rosy reports and projections about the company were not based on facts. He has come to a similar conclusion about China, according to Politico.com, and is shorting the country just...