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...would slap a 27.5% tariff on all Chinese imports unless Beijing allows its currency to appreciate significantly against the dollar, an adjustment some trade experts believe would reduce the deficit by making China's exports more expensive in the U.S. and U.S. products cheaper in China. Chinese Prime Minister Wen Jiabao, at a press conference last week, suggested the two Washington politicians could save U.S. taxpayers the airfare. There was not going to be any major, one-off revaluation this year. China, said Wen, would allow the yuan to float within a relatively tight band, as it has done since...

Author: /time Magazine | Title: Mind The Gap | 3/20/2006 | See Source »

...Winkle had dozed off in the 1950s, he might not have felt completely out of place waking up at the annual meeting of China's parliament, the National People's Congress (NPC), which wrapped up a week-long session on Tuesday. Here was Premier Wen Jiabao intoning the importance of "building a new socialist countryside." There were education officials unveiling a campaign to publish dozens of new Marxist university textbooks. NPC delegates, who had dutifully attended mandatory sessions to study speeches by Chairman Mao, even failed to pass a Western-style property rights law because, in part, Party leftists felt...

Author: /time Magazine | Title: Is China Turning Back the Clock? | 3/14/2006 | See Source »

...system.” The scoring system gave points to Harvard for having a smaller undergraduate population, while Yale benefited because fewer volunteers ran their drive. Harvard also got points because Yale’s drive was open for longer. The coordinator of Yale’s blood drive, Wen Fan ’08, said that the point system is “far from perfect,” but added that it was necessary to take into account the differences between the two schools in order for the competition to remain fair. The president of Yale?...

Author: By Briahna J. Gray, CONTRIBUTING WRITER | Title: Bulldogs Question Crimson Victory | 3/7/2006 | See Source »

...some of the book's claims difficult to verify, while leaving Risen open to charges that he is being used by partisan ax grinders. Risen, who is contesting a court order to reveal the identities of sources he quoted in a series of disputed articles about the nuclear scientist Wen Ho Lee, admits that the book requires readers to make a "leap of faith" and accept the credibility of his sources. But the number of intelligence officials willing to risk their careers and come forward convinced Risen that their critiques have merit. "I got to these people at a good...

Author: /time Magazine | Title: The Book Behind the Bombshell | 1/3/2006 | See Source »

...will continue to do whatever is good for Hong Kong's prosperity and stability." WEN JIABAO, Chinese Premier, speaking to Hong Kong Chief Executive Donald Tsang during Tsang's first visit to the capital after his controversial, Beijing-backed proposals for political reform were blocked by democratic legislators last month...

Author: /time Magazine | Title: Verbatim | 1/1/2006 | See Source »

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