As President Obama completes his trip to China, it's a natural time to ask if trade with the greatest source of U.S. imports is a good thing or bad thing for the still battered U.S. economy
President Obama is in China this week meeting with that nation's leaders. Since China is the largest foreign owner of U.S. debt, I wonder if they are going to give Obama a free toaster.
In a world still awash in economic worry, China has stood apart as the one country that has come through the global slump with only the briefest of hiccups.
Wen Jiabao, China's premier, has pledged $10bn in new low-cost loans to Africa over the next three years and defended China's engagement against accusations it is "plundering" the continent's oil and minerals.
1: China today, say many analysts, is in a comparable position to U.S. at the beginning of the 20th century... an emerging power that the dominant global power of the time is trying to downplay. Then it was Great Britain vs. the United States. Now it is the United States vs. China.
China's manufacturing sector grew last month at the fastest pace since April 2008, according to the country's official purchasing managers' index released on Sunday.
Brazil has a lot of reasons to celebrate these days. It recently won the competition to host the 2016 Olympics in Rio de Janeiro, as well as the 2014 World Cup.
You wouldn't think the men who run the oil-rich country of Nigeria would have much spring in their step these days. The nation is plagued by a never-ending guerrilla war, one that has trimmed the country's oil production to two-thirds of its potential capacity.
Great. The global economy finally starts to show signs of emerging from the recession and now a possible trade war between the U.S. and China is throwing a monkey wrench into the recovery.
The financial crisis has wreaked havoc on many a money manager, but not Samson Capital Advisors, a firm that offers bond and currency investments to endowments and high-net worth individuals and families.
As President Obama completes his trip to China, it's a natural time to ask if trade with the greatest source of U.S. imports is a good thing or bad thing for the still battered U.S. economy
President Obama is in China this week meeting with that nation's leaders. Since China is the largest foreign owner of U.S. debt, I wonder if they are going to give Obama a free toaster.
In a world still awash in economic worry, China has stood apart as the one country that has come through the global slump with only the briefest of hiccups.
Wen Jiabao, China's premier, has pledged $10bn in new low-cost loans to Africa over the next three years and defended China's engagement against accusations it is "plundering" the continent's oil and minerals.
1: China today, say many analysts, is in a comparable position to U.S. at the beginning of the 20th century... an emerging power that the dominant global power of the time is trying to downplay. Then it was Great Britain vs. the United States. Now it is the United States vs. China.
China's manufacturing sector grew last month at the fastest pace since April 2008, according to the country's official purchasing managers' index released on Sunday.
Brazil has a lot of reasons to celebrate these days. It recently won the competition to host the 2016 Olympics in Rio de Janeiro, as well as the 2014 World Cup.
You wouldn't think the men who run the oil-rich country of Nigeria would have much spring in their step these days. The nation is plagued by a never-ending guerrilla war, one that has trimmed the country's oil production to two-thirds of its potential capacity.
Great. The global economy finally starts to show signs of emerging from the recession and now a possible trade war between the U.S. and China is throwing a monkey wrench into the recovery.
The financial crisis has wreaked havoc on many a money manager, but not Samson Capital Advisors, a firm that offers bond and currency investments to endowments and high-net worth individuals and families.
Commodity prices are flashing a danger signal for the world economy. Generally, price spikes occur at the peak of economic cycles. This time however, a sharp rebound is coinciding with an economic trough.
Is the Chinese economy in the same state as the American economy was in the summer of 2007? In other words, all pumped up and ready to pop?
As the U.S. stock market tosses and turns, sustainable growth -- both in corporate profits and economic output -- seems far off. In China, on the other hand, recovery already seems to be a reality: Real estate, auto, and industrial sales have all bounced back this year, driving stocks on the Shanghai exchange up 50% since February. The velocity of the Chinese rebound surprised the World Bank, which recently increased its estimate for the country's GDP growth this year from 6.5% to 7.2%. Jing Ulrich, J.P. Morgan's Chinese equities strategist, thinks that figure is still too low. "China can still achieve 8% growth," she says. "Everything is happening very fast there."
China can expect 7.2% growth in 2009, according to the World Bank, which says the country's fiscal policies in the face of a global financial slowdown have kept the Chinese economy "growing respectably."
Soon after the bloody crackdown on pro-democracy protesters in Tiananmen Square in 1989, China became a world pariah. Bill Clinton, while campaigning for the U.S. presidency, condemned the country's leadership as the "butchers of Beijing," and the European Union imposed a ban on military sales to China that remains in place today.
It's only fitting that General Motors, once the embodiment of U.S. economic might, decided to sell its Hummer brand to a Chinese manufacturer after GM filed for bankruptcy.
Treasury Secretary Tim Geithner is set to meet with several high-ranking members of the Chinese leadership this week, marking the Obama administration's first major overture to the powerhouse nation.
Treasury Secretary Tim Geithner will travel to China later this month, marking the Obama administration's first overture to the powerhouse nation whose economy is tightly intertwined with efforts to reverse the global downturn.
It feels nothing like 2007 these days, except in one respect: Chinese stocks are outperforming again. The MSCI China Index, which tracks stocks traded in Hong Kong, has climbed 67% since late October (the S&P 500 has risen 2% in that time).
Stocks have surged recently on hopes that the U.S. economy may be close to hitting a bottom. The S&P 500 is up an impressive 21% in the past month.
If money is power, China is now in a powerful position to play a critical role at the Group of 20 summit in London.
The Treasury Department is busy holding auctions of U.S. debt to raise much-needed funds for the government's numerous financial rescue packages.
China, holder of nearly $1 trillion in U.S. debt, will keep buying Treasuries, but will keep a close eye on their value just the same, a Chinese government official said.
Government debt prices fell Monday as stock prices soared after the Treasury Department unveiled its plan to partner with private investors to buy up banks' troubled assets.
The World Bank cut China's economic growth forecast in 2009 to 6.5 percent Wednesday, down a full percentage point from November's projection.
Beijing has high expectations for U.S. President Barack Obama's economic recovery strategy, but worries remain about the safety of China's assets in the United States, Premier Wen Jiabao said on Friday.
In the early evening light, on a block that once bustled but is now deathly quiet, Li Zhong-he walks to the front gate of the factory where he used to work. There he looks for his name on a sheaf of papers. They are notices from a local administrative court, granting small unemployment payments to workers like Li and the hundreds of others who were left without jobs when their company, Hejun Toy Manufacturing, ceased operation.
The National People's Congress -- the marquee event of China's political calendar -- opened Thursday with Premier Wen Jiabao pledging economic growth amid a growing national deficit and the global financial crisis.
China's National People's Congress convened Thursday in Beijing, with Premier Wen Jiabao saying China's economy eyed an 8 percent growth target and that the nation was ready to end "a state of hostility" with Taiwan.
When China's legislature opens its annual session this week, the focus will be on jobs, the economy and social stability.
Job losses triggered by the global financial crisis have driven some 20 million Chinese workers from cities back to their rural homelands, according to China's state-run Xinhua news agency.
Tens of millions of Chinese across the world celebrate the start of the Lunar New Year, one of the most important traditional holidays.
China's economic growth slumped to 9 percent for 2008, according to numbers released by the government Thursday -- in line with expectations, but still the slowest rate the nation has seen in seven years.
China has become the world's third-largest economy, surpassing Germany and closing rapidly on Japan, according to government and World Bank figures.
Oil prices rose Monday afternoon, after a stimulus package announcement by the Chinese government raised speculation about increased demand.
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