Tag Archives: Barack Obama

CNN’s Jaime FlorCruz Sums Up The Summit

Having lived and worked in China since 1971, Jaime FlorCruz, CNN’s Beijing Bureau Chief, has a very unique perspective on all things China. Jaime studied Chinese history at Peking University from 1977 to 1981, and served as TIME Magazine’s Beijing correspondent and bureau chief from 1982 to 2000. In the latest edition of Jaime’s China, [...]

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Can China’s Relationship With The U.S. Take the Next Step?

Businessmen and diplomats certainly hope so. Expectations for Chinese President Hu Jintao’s trip to the United States are running high on both sides of the ocean. President Barack Obama is rolling out the red carpet, complete with the full pomp of a 21-gun salute and a black-tie dinner after Oval Office talks on Wednesday. People’s [...]

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Currency: The End of The Discussion With China

Last week’s G-20 meeting in Seoul, South Korea was intended to be the venue where President Barack Obama would turn up the heat on China to revalue its currency against the dollar. That’s not exactly what happened. In advance of the meeting, the Federal Reserve announced that it would buy $600 billion of Treasuries to [...]

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Central Planning Versus Market Capitalism

As the dawn of the new century, a new technology promised to fundamentally change global economics. Government leaders in the United States and China, the two largest economies in the world, believed that companies from their respective countries should lead in the development of this new technology. By 2010, two national champions, one from each [...]

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What’s The Real Story on Iran Sanctions?

China’s President Hu Jintao met last week with U.S. President Barack Obama in Washington D.C. The occasion was the Nuclear Summit called by President Obama, and a key sidebar discussion was the subject of tougher sanctions on Iran. What was agreed in these discussions? According to U.S. officials, the meeting of the two presidents resulted [...]

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Google And The Sino-US Relationship

Google’s withdrawal from China and the relationship between the United States and China is on everyone’s mind these days. Sam Gustin, a senior writer for Daily Finance, AOL’s money and finance site, called last weekend and asked a series of questions about both issues. Sam wrote up our conversation in an article that appeared in [...]

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ObamaCare and What It Means For China

Now that President Barack Obama has signed into law his “historic” health care legislation, millions of Americans are trying to figure out what the new law actually means to them. Some got their answer immediately. Even before President Obama signed the bill on Tuesday, Caterpillar said it would cost the company at least $100 million [...]

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I Rest My Case!

At the Export-Import Bank’s annual conference last Thursday, President Barack Obama took the latest swipe at China’s currency policy. In his speech, President Obama argued that liberalizing China’s exchange rate would help increase consumption in countries like China that have external surpluses, and boost savings and exports in countries like the U.S. that have external [...]

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A Revalued Yuan: Will It Improve the United States Trade Balance?

Yesterday morning, news reports were filled with headlines that President Barack Obama had “vowed to get tough” with China on its currency. By the end of the day, the headlines told how China was “hitting back” over Obama’s criticism of its currency policy. And so it goes. A currency dispute between the two superpowers now [...]

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Copenhagen: A Failure of Leadership

It was supposed to be history in the making when representatives from 192 countries met in Copenhagen to formulate a global solution to what some believe is the biggest problem facing mankind. Instead, it degenerated into a sometimes tawdry display of finger-pointing and trading of barbs between representatives from the developed countries of the world [...]

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