Word: hu
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...slump and in recent weeks pushing daily trading volumes to all-time records. Last year, some 2.4 million investors began trading stocks through the Shanghai exchange, a 250% increase in new accounts. That's an average of about 7,000 per day, a flood of fresh blood from san hu (as the Chinese call small investors) that is making seasoned traders nervous. "When you see shop assistants and taxi drivers racing out to borrow money to buy stocks, you've got trouble," says commodities guru Jim Rogers. "That's the market sucking in a whole lot of neophytes priming...
...pages; $75); his monumental painting of a deer-hunting party is one of only 100 art objects chosen for this book from more than 910,000 items in Peking's Palace Museum. The selection, compiled and annotated by Zhu Jiajin and a team of assistants and photographed by Hu Chui, embraces every notable Chinese art, from ancient bronzes to 19th century silk embroidery...
...beyond. But high-level U.S. talks with China in recent years have been sporadic, at best. The heaviest hitters in President Bush's Administration have been preoccupied with the war on terror and the deepening fiasco in Iraq. Aside from last April's promise by China's President Hu Jintao to try to expand market access for U.S. goods, there has been scant evidence of constructive dialogue on trade issues...
...Will China take Paulson's message to heart? The yuan has risen slightly since last month's summit in Beijing, but it's still not clear that Hu and his fellow leaders have any real sense of urgency on trade and currency issues. Lardy, the Institute for International Economics fellow, is skeptical that there will be any significant policy changes soon. He calls China's leaders "momentum players," observing that they are loath to change course while things are going well. After all, China has double-digit economic growth, huge trade surpluses, and more than a trillion dollars in foreign...
...China's smiling face visible only to its south. In a cordial state visit last year, Hu reached out to India--an old rival with which it still has some disputed borders. The two countries pledged to double trade by 2010 and agreed to bid jointly for global oil projects on which they had previously been competing. Hu has also sought to mend ties with Japan, another longtime rival, with whom China's relations have deteriorated in recent years. Last October, Hu met the new Japanese Prime Minister, Shinzo Abe, in Beijing just days after Abe took office, a visit...