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Within the U.S., the imbalance is mainly seen as the product of protectionist policies by China, in particular China's refusal to let its currency, the yuan, appreciate against the dollar. There's certainly something to this - it's now universally agreed just about everywhere but China that a freely floating yuan would be worth significantly more than the 15 cents it currently goes for. By keeping its currency's value artificially low, China makes its products cheaper in the U.S., thus encouraging imbalanced trade. (See a story about China's consumers and the world economy...
...said the U.S. wouldn't allow human rights to derail cooperation with China on issues like climate change and rebuilding the global economy. Then last month Obama decided to postpone meeting with the Dalai Lama, the exiled Tibetan spiritual leader, until after his visit to China. That was widely seen as an effort to avoid upsetting Beijing...
Still, the media feeds into many misconceptions about America in China. During the U.S. embassy briefing in Beijing, Anti-CNN founder Rao told officials - in what he would later describe as an attempt at humor - that he had seen how the CIA uses extra-legal powers, on the American television show Prison Break and in the Transformers films. How could the U.S. protect Web users?, he asked. "I would recommend that you not use Prison Break and Transformers as your only guide to American culture and government," a U.S. official responded...
...tell if the skeptics are right. China is like the proverbial elephant being described by blind men: anyone can say anything depending on which part they happen to be touching. Jim O'Neill, head of global economic research at Goldman Sachs, is dismissive of the doubters. "I've seen similar sorts of stories about 20 times this year," O'Neill said last week during an interview on Bloomberg TV. "These are generally written by people that obviously just don't follow closely or study China." He maintained that, if anything, China's economic strength is being underestimated. "The latest data...
...message of the importance of communication and mutual respect did seem to strike a chord with the audience at the event. Obama received multiple rounds of applause, and when he spoke of the importance of education for women, many of the young ladies in the audience could be seen nodding their heads in approval. (Read "Five Things the U.S. and China Actually Agree...