Word: hoping
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...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...
...Gang said that as a black President, Obama should be especially sensitive to China's position on Tibet. "In 1959, China abolished the feudal serf system [in Tibet] just as President Lincoln freed the black slaves," Qin told a news conference, according to the Associated Press. "So we hope President Obama more than any other foreign state leader can have a better understanding on China's position on opposing the Dalai's splitting activities...
American officials had been holding out hope that the Chinese would allow for live nationwide broadcast of the President's town hall with Chinese youth on Monday in Shanghai. But even as Obama got ready to board his flight to Shanghai on Sunday, U.S. diplomats were still negotiating the terms. "What we've said is simply that the President would like the opportunity to speak to a broad audience of the Chinese people," said Ben Rhodes, a deputy national security adviser. As it turns out, the town hall wasn't broadcast live on television but was rather shown on local...
...Translation: global markets will remain buoyant longer than expected as the short-sellers are forced to cover their anti-China bets and the unbelievers finally come around and belatedly take long positions. For the sake of 1.3 billion Chinese and the rest of us, let's hope it's Jim O'Neill that's right, rather than Jim Chanos...
...abuse that they hadn't endured. Christine Harms, one of the sisters, gave birth to a son when she was 15, who later died in state care at the age of 11. Harms said she was pleased with the government's recognition of her circumstances. "Mr. Rudd gave us hope and a bit of dignity back...