3rd April 2010

The Lion Awakes 

News at a Glance

今天的中国新闻

A compilation of Headlines + Brief Summary from Chinese & International Publications relating to China.

Just 5 Minutes each day to be up-to-date on the News of China

Combined with Kaixin’s boutique SITE SEARCH ENGINE, it is a unique source of knowledge about China"

China News Archive

From 2008

China Daily

Hu Jintao, Obama speak by phone - CCTV Video

President Hu Jintao has spoken with his US counterpart Barack Obama by phone. Bilateral relations and nuclear security were the highlights.

Hu Jintao told Barack Obama China wants to work with the US to develop healthy relations. He said properly handling the Taiwan and Tibet issues, which concern China's sovereignty and territorial integrity and represent China's core interest, is key.

China Daily

Hu: Healthy, stable ties benefit China, US

BEIJING - Chinese President Hu Jintao said on Friday that healthy and stable economic and trade relations between China and the United States serve the interests of both countries.

Hu made the remarks when talking with U.S. President Barack Obama during a phone conversation.

Kaixin -  Presidents Hu and Obama talking has to be a great step forward

US delays yuan ruling ahead of Hu visit   5th April 2010

WASHINGTON: U.S. Treasury Secretary Timothy Geithner said on Saturday he was delaying an April 15 report on whether China manipulates its currency but pledged to press for a more flexible Chinese currency policy.

The decision follows Thursday's announcement in Beijing that Chinese President Hu Jintao will attend a nuclear security summit meeting in Washington April 12-13 and seems to be a move to keep tensions over currency in check.

The Obama administration seeks broad global support for measures to curb Iran's nuclear ambitions, making it an inconvenient time to risk inflaming the dispute over China's currency policy.

Geithner said he will use upcoming meetings of the Group of 20 and a U.S.-China economic summit in Beijing in May to try to get China to budge.

"I believe these meetings are the best avenue for advancing U.S. interests at this time," Geithner said in a statement issued at midday on the Easter holiday weekend. Treasury gave no indication when it will actually release the report.

Number of US students set to soar in 4 years

BEIJING - US students in China are set to become one of the largest overseas groups with Beijing and Washington working together to bring 100,000 students to China in the next four years, education officials have said.

The Ministry of Education (MOE) is working with the US to implement a four-year education program put forward by President Hu Jintao and his US counterpart Barack Obama, said Zhang Xiuqin, director-general of the ministry's department of international cooperation and exchanges

Kaixin – That has to be an excellent initiative to promote better understanding between the two nations.

China, Japan to strengthen co-op to fight economic slowdown  

BEIJING - China and Japan should step up collaboration to cope with the global economic slowdown and to continue bolstering the foundation for economic recovery, said a joint statement of the third round of dialogue between the two countries' finance ministers on Saturday.

Both sides called for appropriate macro-economic and industry restructuring measures to facilitate a strong, sustainable and balanced economic growth in the two countries, East Asia and the whole world, said the statement released on the website of China's Ministry of Finance.

China to play more prominent role in world trade talks

WASHINGTON: As the rise of developing countries is transforming world trade system, China will play a more prominent role in world trade negotiations, a trade expert said.

"China, the largest exporter in the world, has a vital interest in the World Trade Organization (WTO)," Uri Dadush, director of the International Economics Program at Carnegie Endowment for International Peace, a Washington think tank, told Xinhua in an interview on Wednesday.

He said he hopes that China will play "a leadership role" in pushing the conclusion of the Doha Round and in reforming the WTO to be more effective.

China's iron ore talks with Vale, BHP 'pointless'

China's talks with the world's biggest iron-ore miners are "pointless" as its steelmakers have to accept the higher terms Vale SA negotiated with Japan this week, Jiangsu Shagang Group Co Chairman Shen Wenrong said.

"We have no options," Shen, who heads China's largest privately held steelmaker, said today in a phone interview from Zhangjiagang in Jiangsu province. "Iron ore prices have gone too far. We have to accept it, although we can't afford it."

Brazil's Vale, the largest supplier, set a precedent this week by securing a 90 percent price increase from Sumitomo Metal Industries Co and shifting to quarterly pricing from a 40-year system of selling iron ore through annual contracts. The World Steel Association asked regulators to probe an "oligopoly" among iron ore miners and the China Iron and Steel Association said it will hold an emergency meeting today to discuss the issue.

The New York Times

Strains Easing, Obama Talks With Chinese Leader

BEIJING — Tensions between China and the United States have ebbed significantly in recent days, with an hour-long conversation between their two presidents Thursday night and the countries working together to deter Iran’s nuclear ambitions as the Obama administration backs off a politically charged clash over China’s currency.

Chinese Bidders Conquer Market

China’s soaring financial power is sweeping across the market for Chinese art like a hurricane carrying off all that lies in its path.

The ultimate symbol of the fierce Chinese determination to buy back their art that strayed to the West in the quasi-colonial days of the 19th and early 20th century is the acquisition of a hand scroll titled Chan Yue tu, “Happiness through Chan Practice,” which was signed by Yu Zhiding in the early 1700s. Professional circles are convinced that the buyer is Liu Yiqian, the Shanghai billionaire. Estimated by Christie’s to be worth $120,000 to $150,000 plus the sale charge, the hand scroll made $3.44 million.

Kaixin – ‘… that strayed to the West …’  It did not stray, it was stolen, looted and probably carries the stain of Chinese people that died trying to defend it. If the West had a conscience it would give back the pieces.

The Australian

China widens Stern Hu bribery net

CHINA has promised to go after every steel industry executive named as paying a bribe or handing over trade secrets to Stern Hu and his jailed Rio Tinto colleagues - including two previously unnamed executives from the mining giant.

Barack Obama calls on Hu Jintao to support action on Iran

US President Barack Obama has urged Chinese President Hu Jintao for cooperation on the Iranian nuclear standoff, as Hu appealed for "healthy and stable" relations between the two nations.

Obama "underscored the importance of working together to ensure that Iran lives up to its international obligations,'' the White House said following the rare hour-long telephone conversation today from Air Force One.

The Sydney Morning Herald

Chinese whispers: they're driving up housing prices

Chinese investors now prominent at auctions in Melbourne's eastern suburb have ''single-handedly fuelled Melbourne's growth'', she says.

''Asia is looking at Australia as the new Switzerland.''