Posts Tagged ‘china’

Bush calls for strong message to North Korea

Saturday, August 1st, 2009

SEOUL, South Korea (AP) – Former President George W. Bush called on America’s partners in negotiations on North Korea’s nuclear program to send a strong and clear message to the regime to stop its atomic activity, a news report said Saturday.

The U.S., South Korea, China, Japan and Russia should tell the North it will continue to face economic sanctions and other consequences if it insists on defying U.N. resolutions, Bush said in a speech to an economic forum on the South Korean southern resort island of Jeju, according to Yonhap news agency.

David Schmick at Weekly Standard: what fundamentally caused the financial crisis

Sunday, July 26th, 2009


When people asked what fundamentally caused the financial crisis, my answer is not what they expect. I respond with one phrase–the fall of the Berlin Wall. By the early 1990s, after the collapse of the socialist model, emerging market economies such as China, India, Eastern Europe, and the commodity producers wanted to be like the West–capitalists. And they became pretty good at making their economies more productive. This had the effect of lowering real wage costs globally while setting up these economies as powerful exporters.

Soon a global ocean of capital–of excess savings–was beginning to swirl around a liberalized worldwide financial system. Partly as a consequence of the Asian crisis of the late 1990s, most of these emerging market economies by the late 1990s adopted a new export-oriented model for success. They tied their currencies to the U.S. dollar and refashioned their economies as large export platforms. The target: The U.S. consumer who fairly quickly became the world’s consumer of last resort.

It’s up to the five powers to bottle the nuclear genie: Japan Times

Sunday, July 12th, 2009


LONDON – Speaking in Moscow on July 7, U.S. President Barack Obama was the very soul of reasonableness. The United States and Russia must cooperate to stop the proliferation of nuclear weapons, he said, while keeping the goal of a world without nuclear weapons always in sight: “America is committed to stopping nuclear proliferation, and ultimately seeking a world without nuclear weapons.”

Unfortunately, that is the wrong way round. The deal that underpinned the Nuclear Nonproliferation Treaty, signed way back in 1968, was that the five great powers who already had nuclear weapons would gradually get rid of them. In return, the rest of the world’s countries would not make them at all. But more than 40 years later, none of those five countries (U.S., Russia, Britain, France and China) has kept its side of the deal.

AP: Muslim women lead protests in restive west China

Sunday, July 12th, 2009


URUMQI, China – The petite Muslim woman with the sky blue head scarf began by complaining that the public washrooms were closed at a crowded mosque on Friday – the most important day of the week for Islamic worship. When a group gathered around her on the sidewalk, Madina Ahtam then railed against communist rule in China’s far western region of Xinjiang, rocked by ethnic rioting that has killed at least 184 people this week.

The 26-year-old businesswoman eventually led the crowd of mostly men in a fist-pumping street march that was quickly blocked by riot police, some with automatic rifles pointed at the protesters.

Russian President Dmitry Medvedev proposes new world currency

Wednesday, June 3rd, 2009


Russian President Dmitry Medvedev may discuss his proposal to create a new world currency when he meets counterparts from Brazil, India and China this month, Natalya Timakova, a spokeswoman for the president, told reporters by phone today. Medvedev first proposed seeking alternatives to the U.S. dollar as a reserve currency in March. (more…)

‘Unafraid’ China apparently fears YouTube

Monday, March 30th, 2009


BEIJING (Reuters) – China is not afraid of the Internet, its Foreign Ministry said on Tuesday, even as access to the popular video sharing site YouTube was apparently blocked.

YouTube, owned by search giant Google Inc, has been unavailable for users in China, which filters the Internet for content critical of the Communist Party, since late on Monday.

“Many people have a false impression that the Chinese government fears the Internet. In fact it is just the opposite,” Foreign Ministry spokesman Qin Gang told reporters.

He said he did not know about YouTube being blocked.

A Google spokesman confirmed that access to the video site has been blocked in China over the past 24 hours.