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...China's turn to show it's no pushover. In the G-20 run-up, Zhou Xiaochuan, China's central bank governor, published a paper suggesting that alternative global currencies, like Special Drawing Rights - a unit of exchange used by the International Monetary Fund - be considered to replace the U.S. dollar as the world's de facto reserve currency. While some Washington officials rejected the proposal as impractical, China's leaders have been taking steps to show just how nervous they are about a weaker dollar as the U.S. runs up massive deficits to shore up its crumbling economy...

Author: /time Magazine | Title: China Takes a Small Step Away from the Dollar | 4/6/2009 | See Source »

...Whif” onto the world. “Orange or Gingerbread?” they asked. Which is more fantastical: the existence of inhalable chocolate or the implausible story behind it?It all started in the fall of 2007 when my former roommate Larissa H. Zhou ’10, the physics concentrator, and Trevor J. Martin ’10, the artist, signed up for Professor David Edwards’ class Engineering Sciences 147: “Idea Translation: Effecting Change through the Arts and Sciences.” Edwards, who made his name and fortune by inventing...

Author: By Rebecca A. Cooper, CRIMSON STAFF WRITER | Title: Chocolate Lovers: Get A Whiff of This | 4/3/2009 | See Source »

...laptop’s broken,” said Boreico. “I’ll spend the money on a new one.” Abel placed among the next nine highest ranking individuals in the competition. Kevin Carde ’09, Zhou Fan ’09, Rosen D. Kralev ’09, Yi Sun ’09, Dmitry Vaintrob ’11, Ameya A. Velingker ’09 and Neal Wadhwa ’09 all received honorable mentions. Behind Harvard, teams from Princeton, MIT, Stanford, and Caltech rounded...

Author: By Michael J Ding, CRIMSON STAFF WRITER | Title: Students Claim Math Victory | 4/2/2009 | See Source »

...country's plan "should be front-loaded and forceful," said China's central bank governor Zhou Xiaochuan. "If confidence collapses, it's too late for us to react. It takes a long time to recover. We learned this from the experience of other countries." Zhou said he saw some signs of improvement in China's economic data, implying that big increases in stimulus spending were unlikely in the near future. In other words, if the rest of the world wants a rescue, it should save itself...

Author: /time Magazine | Title: China Won't Ride to World's Economic Rescue | 3/6/2009 | See Source »

...Zhou and Zhang talked numbers Thursday, they emphasized that China is doing all it can, but the rest of the world - and particularly the U.S. - needs to begin pulling its weight again. Asked what further steps China might take, Zhou replied, "What we are waiting for is, what will happen in the country where the crisis originated. If you can explain what that country will do, we can say what we will...

Author: /time Magazine | Title: China Won't Ride to World's Economic Rescue | 3/6/2009 | See Source »

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