Word: tradings
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...world will get an instant check on how the trade dispute could impact overall China-U.S. relations. Obama and Chinese President Hu Jintao are expected to attend next week's G-20 summit in Pittsburgh, Pa., where the world's most influential economies will tackle sticky issues like the continuation of economic-stimulus measures and improved regulation of the global financial system. "We all need to be a lot more alarmed" by the trade spat, says Michael Pettis, professor of finance at Peking University. "Rising anger makes it more difficult to cooperate." At a crucial moment for the economy...
...Cherish Old Allies (and Cultivate New Ones) It's no small matter that China, and not the U.S., is now Japan's largest trading partner. If overleveraged America really is destined to be mired in a postconsumerist funk for the foreseeable future, Japan needs to redouble its efforts to strengthen trade and diplomatic ties with its neighbors - not only to counteract China's growing influence in Asia, but also to grab a greater share of fast-growing Asian markets. "Japan can benefit from high Asian growth rates even with low domestic demand," says JPMorgan's Kanno. Closer relationships with Asian...
...First, Taiwan President Ma Ying-jeou eschewed the breakaway bluster of his predecessor Chen Shui-bian and, amid the global recession, hitched Taiwan's economic future to China's growth engine. In just the 15 months Ma has been in office, Taiwan and China have launched a raft of trade, investment, transport and cultural initiatives and exchanges that are inexorably binding the two together. As much as it will ever trust any Taiwan leader, Beijing sees Ma as a pragmatic politician with whom it can do business. (Read "Building Bridges to China...
...abroad. Besides, there's plenty of business to go around. Even in dismal 2008, the industry expanded. While some clients have trimmed hours in the downturn, new ones just keep coming. This wave of seniors seems unstoppable, says Sheila McMackin, president of the National Private Duty Association, an industry trade group. "I've never seen anything like...
...Deputy Foreign Minister declined to comment on how Islamabad would react in the event of sanctions or tougher forms of pressure on Iran. Instead, Islamabad's focus remains on an "enhanced level of engagement" that can draw Iranian support for Pakistan's "energy, trade and communications" sectors. The new relationship with Iran has already seen a 28% rise in trade, according to Deputy Minister Khan, and with chronic shortages of electricity supply, Islamabad is eagerly awaiting the construction of a decades-old proposed Iran-Pakistan gas pipeline - plans for which remain doubtful...