Word: jiabao
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...Still, it's far from certain that China has the policy tools needed to avoid a crash. Premier Wen Jiabao recently likened his country to a speeding car trying to slow down without skidding. "We cannot slam on the brakes," he said. "We have to press the brakes gently." But the country's rickety financial system may not allow gentle pressure, because it has yet to undergo a full capitalist transformation-for example, some bank loans are issued because the government orders them, not because careful analysis indicates that the borrower is a good risk. So Beijing resorts to administrative...
...economic commentary may not cause as much speculation and anxiety as that of U.S. Federal Reserve Chairman Alan Greenspan, but the words of China's Premier Wen Jiabao have taken on new portent in global financial markets. The fast-growing Chinese economy, the world's sixth largest, is experiencing irrational exuberance, mainland style, and it's up to Wen to reassure everyone that Beijing can ease the country's growth rate from last year's torrid (unofficial) rate of 11.5% to single-digit levels?and do so without causing a crash that slashes China's demand for imports...
Last April, China's Southern Metropolis Daily printed a story about Sun Zhigang, a migrant worker in Guangzhou beaten to death in official custody after being detained by police for not carrying ID. The story touched off a wave of public outrage that reached Beijing: in June, Premier Wen Jiabao led a Cabinet vote that proscribed the detention of migrants simply for straying far from their hometowns. The next morning, the paper editorialized: "This is a milestone in the history of citizens' rights that we should cherish forever...
...China's President Hu Jintao and Premier Wen Jiabao have styled themselves as political moderates. Although greater intervention in Hong Kong politics would damage that reputation, they have room to play good cop, holding out the promise of gradual reforms if the territory drops demands for direct elections. If Chen is re-elected in Taiwan, however, Beijing might come down even harder on Hong Kong. "Because the Taiwan situation makes China's leaders nervous," says Joseph Cheng, a professor of political science at Hong Kong's City University, "there will be very little room for tolerance or magnanimity toward Hong...
Last December, more than 100 Harvard faculty members signed two letters calling for Yang’s release. The letters were addressed to Chinese Premier Wen Jiabao, who was speaking at the Business School that week...