Word: zhu
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Dates: during 2000-2009
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...barely keep pace with the huge surge in demand that has been driving up prices to more than $60 per bbl.--which puts supply at the mercy of politically fickle energy producers like Russia and Iran. "We will have some shocks because supply is so tight," warned Zhu Min, executive assistant president of the Bank of China. He also expects a surge in volatility in financial markets this year and, like the other panelists, worries about how successfully the untested new chairman of the U.S. Federal Reserve, Ben Bernanke, will deal with unforeseen problems...
...with the huge surge in demand that has been the force driving up prices to more than $60 bbl. - and which potentially puts the world at the mercy of politically fickle energy producers from Russia to Iran. "We will have some shocks because supply is so tight," warned Min Zhu, executive assistant president of the Bank of China. He's also expecting a surge in volatility in financial markets this year and, like the other panelists, worries about how successfully the untested new governor of the U.S. Federal Reserve, Ben Bernanke, will deal with unforeseen problems. Jacob A. Frenkel...
...attempt to break out of what she called "our self-inflicted paralysis." But China's continuing boom and its uneasy economic relationship with the U.S. was a central preoccupation of this year's Economic Forum. "This locomotive has changed the whole structure of the global economy," said Zhu. "The U.S. and Japan are no longer the global growth engine." In Washington, U.S. officials have largely sought to tackle the lopsided relationship with China by calling on the Chinese to revalue their currency as a way of making their goods more expensive and thus reducing consumer demand. China obliged last year...
...State Department called Zhu's comments "highly irresponsible." Taiwan, which China considers a renegade province, greeted the news with concern too. Zhu's remarks "will only deteriorate China's relationship with Taiwan, the U.S., and other neighboring Asian countries," says Tung Li-wen, director of China affairs for Taiwan's Democratic Progressive Party. It's unclear, though, whether Zhu's comments are an indication that China is changing its longstanding "no first use" policy on nuclear weapons. Zhu, who also heads the National Defense University's College of Defense Studies, stressed that he was not speaking for the government...
...with the U.S.," says Evan Medeiros, an expert on the Chinese military at the Rand Corp., a think tank in Virginia. "This reinforces longstanding American concerns about China's willingness to use force over Taiwan and the potential for nuclear escalation." Near the end of his comments last week, Zhu added that he was confident the U.S. and China would not go to war "unless the politicians of these two countries go mad." Keeping the generals in check might help...