Word: yuan
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...what should U.S. dollar policy be? Probably something along the lines of "We'd like it if the dollar got a bit cheaper, especially against the Chinese yuan and a few other Asian currencies, but then stopped falling." Can you blame the President for not wanting to say that at his next press conference...
...When Liu Yuan started playing the sax, jazz was still seen as bourgeois and chord charts were hard to come by. Raised by folk-musician parents, he performed with Cui Jian, the father of Chinese rock, before dedicating himself--under the influences of John Coltrane and Miles Davis--to jazz. Now Liu's East Shore is the most promising venue in Beijing's budding jazz scene. Located on the banks of Lake Houhai, East Shore is a refuge from the trinket sellers and gaudy bars along the crowded shore. Its large windows give clear views over the water, and leather...
...short term, the financial chiefs see slow growth. They are keen to increase transparency and various form of disclosure in the financial sector, encourage appreciation of the yuan, and also encourage OPEC nations to raise production. In the long term, the G-7 economies seem more optimistic, but their statement points out that the U.S. will face further deterioration of its housing market. Asked his view of a potential U.S. recession, Paulson answered: "I've been careful to say I believe we're going to continue to grow," said Paulson. "If you're growing, you're not in a recession...
...XINRAN YUAN...
...that charge about $13 for admission (parents who tag along have to pay too). Another popular dating site, 915915.com.cn--in Chinese, the numbers sound like "only want me"--set up a "love cruise" in 2006 on the Huangpu River near Shanghai to introduce men worth at least 2 million yuan ($274,000) to attractive women. Edward Chiu, CEO of ChinaLoveLinks, says his free websites steer users to his 30 off-line matchmaking offices, where they can pay fees totaling up to $6,000. Both eHarmony and Match say they have yet to decide how to adjust their subscription-based models...