The unexpected decline in export orders at the Canton Fair is seen as a relatively significant sign of trouble for the overall Chinese economy because it coincides with steeply rising wages and higher rents for factory space. The NYT reports.
Blind Chinese dissident Chen Guangcheng says he wants to leave for the United States rather than stay in China, throwing into doubt a deal used to coax him out of the U.S. embassy in Beijing and defuse a standoff that has strained China-U.S. ties.
Chinese dissident Chen Guangcheng left the U.S. Embassy in Beijing on Wednesday "of his own volition" after six days, the Foreign Ministry said, and a senior U.S. official said he planned to stay put in China.
U.S. Secretary of State Hillary Clinton arrived in China on Wednesday for top-level talks that risk being upstaged by the fate of a blind dissident whose supporters say is under U.S. protection in Beijing after escaping house arrest.
America’s economic imbalance with China has been a singular concern of policy makers for more than half a decade. Senators Charles E. Schumer and Lindsey Graham wanted to punish China for pegging the exchange rate to the dollar in 2005 — arguing that its policy of cheapening the currency to subsidize exports was fueling a huge trade surplus that cost America jobs.
The Obama administration rushed to contain a growing diplomatic crisis between the United States and China, sending a senior diplomat to Beijing to discuss the fate of a blind dissident who fled house arrest last week.
The escape of Chinese dissident Chen Guangcheng after 19 months of house arrest and apparent request for U.S. protection comes at a vexing time for both countries, with diplomats preparing for annual economic and security talks in Beijing this week, and with China's Communist Party trying to contain a divisive political scandal.
The United States said on Wednesday it was ready to relax some sanctions on Myanmar to recognize its fledgling democratic transition, including a ban on U.S. companies investing in or offering financial services to the country.
China's growing clout means it can no longer selectively follow global rules and must now demonstrate it can play a constructive role on international issues such as the Syria crisis, U.S. Secretary of State Hillary Clinton said on Wednesday.
Mitt Romney's narrow win in Michigan is unlikely to ease lingering doubts about his candidacy or head off the possibility of a long and divisive presidential nominating fight that is damaging Republican chances in November's general election.
Sunday, 19 Feb 2012 | Posted By:
| Source: CNBC.com
In a renewed effort to secure answers about the scope of Iran's nuclear program, inspectors from International Atomic Energy Agency (IAEA) are expected to return to Tehran this week.
Friday, 20 Jan 2012 | Posted By:
| Source: CNBC.com
CNBC.com ranks the 10 richest people who have sought the U.S. presidency since 1992. Some of the people who made the list might surprise you, but what’s more surprising is who didn’t make it. Click ahead to see the 10 richest people who ran for president in the last 20 years.
Thursday, 12 Jan 2012 | Source: The New York Times
With little to lose, Newt Gingrich, Gov. Rick Perry and their allies are seeking to portray Mitt Romney as insufficiently steadfast in his conservatism in very conservative South Carolina, The New York Times reports.
Wednesday, 11 Jan 2012 | Source: The New York Times
In South Carolin, Mitt Romney is heading smack into an issue that has followed him through his national political career: his Mormon faith and the suspicion many evangelical Christians have of it, the New York Times reports.