Tag Archives: Obama

Who Switched the Playbooks?

When I was starting up in China, many experts cautioned me on what I would encounter. “It’s not a free market and there’s no rule of law, they told me. “The government controls the courts, the companies and the banks. Central planners in Beijing, not the marketplace, decide what goods to produce and which companies […]

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Geithner as Bond Salesman

Before Secretary of the Treasury Timothy Geithner headed to Beijing over the weekend, a senior Treasury Department official was quoted as saying that Geithner plans to press Beijing to take drastic measures to turn China’s economy into one that depends heavily on sales to domestic consumers and less on sales to the U.S. and other […]

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Trust is Hard to Build in China: The Human Rights Issue

Is human rights truly off the table as an issue between the United States and China? Based on the recent visits by representatives of the Obama administration and Congress, one might think so. First, Secretary of State Hillary Clinton, a longtime critic of China’s human rights record, surprised Chinese officials when she steered clear of […]

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The Reasons Behind China’s Words and Deeds

The Reasons Behind China’s Words and Deeds

In recent weeks, two events, one military and one economic, have been interpreted as an indication of new aggressiveness on the part of China. On Sunday, March 8, five Chinese vessels shadowed and then surrounded the USNS Impeccable, a surveillance ship,  approximately 75 miles south of Hainan Island. The Pentagon described the Chinese action as […]

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China as Investor: The New Dynamic in U.S. Finance

China as Investor: The New Dynamic in U.S. Finance

Along with reassuring the media that China can meet its growth target of 8 percent in 2009 and that the country can do more to boost its economy if necessary, Chinese Premier Wen Jiabao made another very interesting comment at his press conference on Friday, following the closing of the National People’s Congress in Beijing. […]

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Treasury Secretary Geithner: Barking Up The Wrong Tree

Through Timothy Geithner, the new Treasury Secretary, the Obama Administration has signaled that the relationship between the United States and China may be headed for choppy waters. In written testimony for his confirmation hearing, Mr. Geithner said that President Obama, “backed by the conclusions of a broad range of economists — believes that China is […]

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Spring Festival in President Obama’s Ancestral Birthplace

Trust me, I didn’t plan it this way. As my kids will attest, the last place I would have chosen to be during the Spring Festival holiday was in the middle of millions of die-hard Obama supporters. But, the rallies in Germany and Grant Park were nothing compared to where Carleen and I are headed—-Kenya, […]

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Infrastructure Spending: Good or bad For an Economy?

When China announced its 4 trillion yuan ($586 billion) stimulus package in November, most of which will go to increased spending for railways, highways and other infrastructure projects, the reaction by nearly all observers was positive. Some China watchers cautioned that such large spending over a short period of time might lead to misallocation of […]

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2009 Predictions

2009 Predictions

2008 was the year of the curve ball as investors, managers, government leaders and ordinary citizens had to deal with issues they had never encountered before and could not have predicted. How many times over the past months have you heard commentators, economists, financial gurus and corporate chieftains say they had no idea that the […]

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