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Opportunities In China: The Next 10 Years

In his keynote speech at the opening of the 18th National Congress of China’s Communist Party, Hu Jintao, the outgoing President of China, set a new target for economic growth, saying that China should double its 2010 GDP and per capita income by 2020. “On the basis of making China’s development much more balanced, coordinated and […]

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China Busy Signing Currency Deals

China Busy Signing Currency Deals

China took one more step last week towards internationalizing the yuan, ultimately leading to the day when the Chinese currency will be a substitute for the U.S. dollar in all of China’s trade with other countries. Last Friday, China and Brazil agreed on a currency swap deal that will allow the central banks of each […]

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Behind China’s Rare Earth Controversy

Behind China’s Rare Earth Controversy

On Wednesday in Beijing, the Information Office of the State Council, China’s cabinet, published the country’s first white paper, on China’s rare earth industry. Some of the information in the report caused a stir in the U.S. equity markets. Shares of Molycorp, Inc. (NYSE: MCP), owner of the Mountain Pass rare earth mine in California, […]

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China’s Economy Is Slowing, But…

China’s Economy Is Slowing, But…

With a dismal May jobs report in the United States, analysts are looking at the fiscal turmoil in Europe and a slowdown in China and seeing little signs of hope. There is little question that growth in China is slowing. The Chinese economy grew at 10.4 percent in 2010; 9.2 percent in 2011; and consensus […]

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China Finds An Ally In Brazil

China Finds An Ally In Brazil

Make no mistake, a trade war between the United States and China is brewing. In the cases of steel wheels and solar panels, the United States is saying that China exports too much. In the case of rare earth metals, the United States says that China exports too little. Last week, the U.S. Commerce Department […]

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The U.S. And China: Agreeing to Disagree

The U.S. And China: Agreeing to Disagree

Chinese Vice President Xi Jinping’s week-long trip to the United States was largely uneventful, but generally successful for China and Xi himself. The future leader of China met with the leaders of the U.S. on equal terms, and the public appearances portrayed a harmonious relationship between the two global superpowers. At the same time, Xi […]

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The China Glass: Half Empty or Half Full?

The China Glass: Half Empty or Half Full?

In advance of Xi Jinping’s visit to the United States this week, U.S. policymakers will be asking themselves whether the China Glass is half empty or half full. The Sino-American relationship is already complicated, and world events aren’t making it any simpler. For example, China’s economic success has enabled the country to amass an unprecedented […]

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MTD’s Predictions for the Year of the Dragon

MTD’s Predictions for the Year of the Dragon

The Year of the Dragon is upon us, and it’s time to predict how the New Year will turn out. Here’s the way I see it. Prediction #1: China’s economy will grow at 8.5 percent. Having lived and worked in China for 20 years, and having some sense for how the country works, I view […]

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Learning From SEAL Team Six

Learning From SEAL Team Six

For most of the last 20 years, my last stop at Chicago’s O’Hare airport before boarding the United flight to Beijing has been the bookstore where I would load up on reading for the long flight, as well as for my spare time in China. Today, of course, I just download several books on my […]

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China to the Rescue in Africa, Asia and Europe

China to the Rescue in Africa, Asia and Europe

China is adeptly using its $3.2 trillion of foreign currency reserves to extend its influence slowly but surely to all parts of the world. In our recent post on the subject, we noted that two Chinese policy banks lent more to emerging markets in 2009 and 2010 than the World Bank. The impact of the […]

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