Occupy Seattle protesters, an off-shoot of the Occupy Wall Street movement, scuffle with police officers during a May Day rally and anti-capitalist march in Seattle. Read more »
Occupy Seattle protesters, an off-shoot of the Occupy Wall Street movement, scuffle with police officers during a May Day rally and anti-capitalist march in Seattle. Read more »
China’s state-owned enterprises are on the march and account for 40% of China’s non-agricultural GDP
From the Economist
November 12, 2011
WHEN China joined the World Trade Organisation (WTO) in December 2001, many people hoped that this would curb the power of its state-owned enterprises. Ten years on, they seem stronger than ever. President Hu Jintao can expect to hear about this at the Asia Pacific Economic Co-operation summit this weekend. Hillary Clinton, America’s secretary of state, has warned stridently of the dangers of state capitalism. A Congressional report released on October 26th railed against the unfair advantages enjoyed by state-owned firms and lamented that China is giving them “a more prominent role”. Read more »
China’s official news agency has called for “international supervision over the issue of US dollars” Read more »
From Robert M Cutler
MONTREAL – The bilateral Iran-Pakistan gas pipeline project is now officially suspended, as the IRIB (Islamic Republic of Iran Broadcasting) website on Sunday quoted Ali Reza Gharibi, the Iran Gas Engineering and Development Company’s managing director, Read more »
Wire: BLOOMBERG News
Peter Robison and Gopal Ratnam
Sept. 30 (Bloomberg) — A senior manager at a company that churns out metals routinely used in U.S. smart bombs pauses in mid-sentence when his phone rings: a Wall Street stockbroker looking for information. He makes a note to have an assistant call back — someone who is fluent in English, not just Chinese. Read more »
From the Wall Street Journal
By WILL CONNORS
Ghana and China signed project loans and another deal together totaling $15 billion, the latest in a string of Chinese investments on the continent.
The loans, coinciding with a six-day Beijing visit by the West African nation’s president, John Atta Mills, highlight China’s strong interest in resource-rich African countries such as Ghana. Ghana is preparing to tap massive oil fields that are expected to turn it into one of Africa’s biggest energy producers. Read more »
October 15, 2008
President Zardari’s visits China at a time when the global economic power balance is undergoing a historic shift. “End of US era – now China calls the tune”, declares a headline of Sydney Morning Herald, Australia’s oldest and most respected newspaper. “Can Chinese Cash Save the World’s Banks? “, runs a lead story in Time. “Is this the end of the American era?” is the title of an op-ed by noted historian Paul Kennedy in the UK’s Sunday Times. Read more »