Word: jiabao
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Dates: during 2000-2009
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...preserve a "harmonious society," in President Hu Jintao's oft quoted catchphrase. Whereas previous leaders like Deng Xiaoping and Jiang Zemin have taken risky steps such as opening the country to economic reform and joining the World Trade Organization, the administration of President Hu and Premier Wen Jiabao seems "paralyzed by fear of the downside," as Bequelin of Human Rights Watch puts it. He says the state's level of control has always oscillated, but with a long period of heavy repression having already past and no prospect of relief in sight, the risk of serious destabilization is growing fast...
...anyone thinking China is going to be the engine that pulls the rest of the world out of the swamp should probably reconsider what Premier Wen Jiabao said during his visit to London in February: that for China to maintain its own economic growth "will be the biggest contribution to the whole world in the face of the financial crisis." (Read "China's Auto Bailout Takes a Different Route...
...highways and power grids. Another 25% will go to reconstruct entire towns in Sichuan province that were devastated by last year's earthquake. These are "shovel-ready" infrastructure projects, and financial markets rallied on March 4 partly due to expectations - unfounded, as it turned out - that Chinese Premier Wen Jiabao would unveil a second round of stimulus measures on March 5 during the opening of China's annual National Party Congress in Beijing. (See pictures from the Beijing Olympics...
...China's manufacturing sector reels from the global drop in demand for its wares, trade will likely dominate all near-future discussions with the U.S., China's biggest trade partner, and could become the primary source of bilateral friction. In a January speech at Davos, Chinese Premier Wen Jiabao lectured about the "inappropriate macroeconomic policies of some economies" with low rates of savings and high consumption - an "unsustainable model of development." In other words, the U.S. When outgoing U.S. Treasury Secretary Paulson was quoted as suggesting that China's high rate of savings helped set off the worldwide crisis...
...vigorous initiatives to keep people employed. Last month, Wang Dong, head of Beijing's Assets Supervision and Administration Commission, announced that all state-owned enterprises in the Chinese capital are forbidden from laying off any of their 750,000 employees in 2009. In December and January, Premier Wen Jiabao visited local businesses in the city of Chongqing and in Jiangsu Province and pleaded with them not to "resort to redundancy easily, and to try to stabilize the employment situation by all means...