The emergence of China as an economic superpower |
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Nov29
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 A survey conducted by the World Business Chicago and the Chicago Council on Global Affairs coordinated by Northwestern University's Kellogg School of Management showed that Chicago was in the top three best business cities in the United States by 200 Chinese business executives in Shanghai, who chose American cities to invest their money. When asked which North American cities were "the best cities to do business", 69% said “Why do the Chinese love The answer is simple. In
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Nov29
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Several months ago, Nouriel Roubini, professor of economics at New York University, wrote on his blog, “The collapse of housing market would bring the Unite State to a great recession in 2007.” Several months ago, Nouriel Roubini, professor of economics...
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The good news is that the number of vehicles in China reached to 43 million cars in 2005. It is estimated that the next 15 years people will see a sharp increase in the number of cars to 100 million.The...
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Nov28
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An India-born America citizen sold U.S. military technology to China, Israel, Germany, and Switzerland; it was truly a bizarre story. According to the FBI Honolulu Press Release, Noshir S. Gowadia, the former sinner engineer who worked for the B-2 bomber...
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According to the International Monetary Fund’s estimates, more than 75% of China’s industries are currently overcapacity, and that fixed asset investments in key sectors such as steel, automobiles, cement, aluminum, and real estate, have been experiencing overinvestment accounting for 40-50%...
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Nov24
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Xugong, a leading Chinese construction machinery manufacturer, sold its 50 percent stake to Carlyle Group, a private equity firm from the United States. The deal was approved by the Xuzhou city government this month.The Carlyle deal has sparked off a...
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Nov23
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Americans may not know that a large proportion of China's exports are actually foreign-brand products that are manufactured in China by foreign company. For example, Philips, the Dutch electronics manufacturer, operates 23 factories in China and produces about $5 billion...
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Nov18
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The U.S. trade deficit with China reached a record US$202 billion last year, and it is estimated to increase to $228 billion this year. Monday, U.S. Commerce Secretary Carlos Gutierrez arrived in Beijing again to find ways to narrow the...
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Nov14
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The term of the American dream is not easily defined, and has subjective meaning to many who claim it. For example, Martin Luther King Jr. said: “I have a dream”. He dreamt of racial equality. Immigrants who want to come...
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According to the China Daily, Thomas Friedman, the writer and a columnist for The New York Times, told a group of journalists in Beijing the United States had failed to take the "green" leadership in the world to protect this...
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Nov 9
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In the fourth quarter every year, retailers across the world (including U.S. and Europe) start to load Chinese-made electronics, toys, Christmas trees, and crackers ahead of Christmas. This year is no exception. According to the China’s Customs Bureau, China's trade...
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Nov 7
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The Kyoto International Treaty was settled in Kyoto, Japan, starting in 1997 and expiring in 2012. Under the Kyoto agreement, 35 industrialized nations committed to reducing emissions by an average of 5 percent below 1990 levels by 2012. But, only...
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Nov 6
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Uganda was one of the delegates from nearly fifty African nations that attended the Beijing summit in China. Museveni, the President of Uganda, called for more investments in his country. He said that Uganda was an ideal place to do...
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Nov 3
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Last Friday, Zhang Enzhao, the former chairman of China Construction Bank, was sentenced for 15 years of prison in Beijing. His lawyer said Zhang faced 19 counts of taking cash and property in exchange for assisting firms to obtain loans...
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Nov 2
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The gasoline prices at the pump have tumbled since August. The Dow Jones industrial average on Wall Street has set up the new record high in recent days. “No question that a strong economy is going to help our candidates,”...
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Nov 1
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According to the U.S. government’s statistics, last year China’s trade surplus with the United States reached nearly 200 billion. The trade gap was so big; Americans complained that China was keeping its currency artificially low, making Chinese goods cheaper in...
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