Word: nowness
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But while Hu can't expect to win much in the way of U.S. concessions on Taiwan and Tibet, his trip to the U.S. could prove valuable on other fronts. China has traditionally stood on the sidelines of major international gatherings of political leaders, in keeping with the dictum of...
Iran has for years skirted sanctions by establishing a complex network of export operations along Dubai's quaysides, which are capable of shipping almost anything to Iran, just 100 miles across the Persian Gulf. Walk along the Dubai Creek wharf on any morning, and you'll see mountains of goods...
Iran's deep roots in Dubai's economy pose a further problem for any more expansive sanctions regime. There are Iranian stores, restaurants and companies in almost every building in Dubai, and tens of thousands of Iranians fly regularly to the emirate, many simply to enjoy its free-wheeling lifestyle...
While Iranian banks in Dubai might extend credit to Iranians living there, Masoumzadeh says that credit is often rejected by clients. "Iranian bank letters of credit are not accepted by suppliers in Europe and the Far East." However, he says, much of the trade can now go directly from Asian...
While expectations are low for any sudden jump in the value of the renminbi, the recent détente could make it easier for China to begin gradual changes. China's leadership was never likely to make any move on currency in the face of overt pressure from Washington, for...