Russian President Vladimir Putin and Chinese Premier Wen Jiabao has just jointly announced in St. Petersburg to no longer use the U.S. dollar in their two country's bilateral trade. China Daily reported the news, headlining, "China, Russia quit dollar." This is a reaction to the yet another round of printing by the Fed ($600 billion in fact). "Quantitative easing" are new … [Read more...] about Russia and China pour water on U.S. ‘quantitative easing’
economy
A point by point rebuttal to the 2010 USCC Annual Report
In my prior post, "The 2010 USCC Annual Report is ‘truthless, prejudicial’," I ranted about the 2010 USCC Annual Report and reiterated Chinese Foreign Ministry call that the report was "truthless" and "prejudicial." Some of you expressed privately that I should address the report seriously, especially, as this is an "official" position taken by a branch of the U.S. … [Read more...] about A point by point rebuttal to the 2010 USCC Annual Report
The 2010 USCC Annual Report is ‘truthless, prejudicial’
Recently, the U.S.-China Economic and Security Review Commission (USCC) released their "2010 Annual Report" (complete in PDF) to the U.S. Congress, criticizing China over many issues. The USCC's purpose is as follows: To monitor, investigate, and submit to congress an annual report on the national security implications of the bilateral trade and economic relationship between … [Read more...] about The 2010 USCC Annual Report is ‘truthless, prejudicial’
Michael Spence on China, U.S., and growth of the developing vs. developed economies in coming decades
the Economist recently interviewed Michael Spence (Professor of Economics, Stern School of Business, New York University, and Senior Fellow, the Hoover Institution, Stanford University), and I thought his comments about China, the U.S., and the growth dynamics between the developing countries and the developed countries were rather interesting. He talks about economics … [Read more...] about Michael Spence on China, U.S., and growth of the developing vs. developed economies in coming decades
COMAC C919 gets 100 orders
Six months ago, I wrote about the "COMAC C919, Challenging the Boeing and Airbus Duopoly." The aircraft was scheduled for production release in 2016. And looks like the plan is proceeding well. The company has reported 100 of the planes having been pre-ordered by various airlines. So, here we are, six years before release, the C919 has already started making dents in this … [Read more...] about COMAC C919 gets 100 orders