Get ready for cars built in China to be sold in the U.S.
Daimler Chrysler might start a car built in China here in the U.S.:
DaimlerChrysler AG is close to finalizing a deal with China’s Chery Automobile Co. Ltd. to produce Dodge-branded subcompacts for sale in the United States, in what is likely to be the first such arrangement between a leading global automaker and an aspiring Chinese manufacturer.
General Motors Corp., Toyota Motor Corp., DaimlerChrysler and other industry leaders make vehicles in China with local venture partners. But the deal between DaimlerChrysler, Chery and possibly a third partner would mark the first time a Chinese automaker would be building vehicles for export for a U.S. or European company.
Let the fireworks begin.
China making it difficult for foreign banks
While China might be in technical compliance with WTO regulations, Businesss Week
exposes to its markets.
Why does the U.S. government tolerate this stuff?
NASA gets a look at Chinese space program
How far has the advanced in recent years. NASA wants to know more.
History of Tibet
Wikipedia provides a very informative for anyone who wants to learn more about this fascinating part of the world and its relationship to China.
Air travel growing in China
As the Chinese economy expands at a rapid rate, air travel is expected to grow considerably in China.
G-2: China and the United States
William Pesak that the US and China are becoming the big-2 in the world economy:
When we think about the world’s most important economies, the Group of Seven springs to mind. Anyone attending this week’s events in Singapore, where the International Monetary Fund held its annual meeting, could be excused for thinking the world has been whittled down to just two economies.
“The most important global economic relationship is the United States and China, the G-2,” says Straszheim, vice chairman of Newport Beach, California-based Roth Capital Partners.
That wasn’t supposed to be the emphasis as representatives of 184 IMF members, nongovernment-organization staffers and a small army of journalists descended on Singapore. The planned focus was on spreading prosperity to those it has eluded and on giving more clout to developing nations, not just China.
Instead, it was all China, China, China. When all eyes weren’t on the world’s most-populous nation, the collective attention of IMF-meeting attendees seemed to be on how China and the U.S. together are becoming the core of an increasingly interconnected global financial system.
Perhaps it’s not surprising that the U.S. and China were on center stage. The No. 1 and No. 4 financial powers have created an unofficial global economy; both rely on each other more than they would like to admit. China needs U.S. investment and for U.S. consumers to keep consuming; the U.S. needs China to hold down costs for everything from money to goods to services.
MySpace launching in China
Rupert Murdoch announced that .
Treasury Secretary Paulsen gives first majow speech on China
Ahead of his trip to China, Treasury Secretary Hank Paulson gave his first major speech in which he called for a .
Mr Paulson declared “the United States has a huge stake in a prosperous stable China – a China able and willing to play its part as a global economic leader.”
The US and China share huge areas of mutual economic interest, and highlighted energy and the environment as two specific issues where the two countries should work together.
“The biggest risk we face is not that China will overtake the US but that China will not move ahead with the reforms necessary to sustain its growth,” he said.
The speech implicitly downgrades the importance of the Chinese exchange rate as a stand-alone issue, setting it instead as part of a necessary shift towards more market-based economic management.
However, Mr Paulson warned Beijing “the level of anti-trade and anti-China sentiment in the US is also significant and growing.”
He told the Chinese authorities that they underestimated “at China’s own peril” the extent to which the currency issue was “viewed by their critics as a symbol of unfair competition.”
He called on China to press ahead with liberalisation across a broad front, including financial sector reform, fiscal and regulatory policies to reduce excess savings, currency liberalisation and enhanced protection for intellectual property rights.
We’ll see how the Chinese respond.
Shanghai building boom pits architects of East vs. West
As the building boom heats up in cities like Shanghai, against foreign influences over the new architecture:
Most of the area’s narrow rows of traditional shop-houses and dimly lit tea houses have been torn down to make room for luxurious glass-fronted malls. The few traditional structures that remain have been revamped to house avant-garde fashion boutiques, designer bistros, and chic martini bars.
The district’s new look is the work of Hong Kong developer Vincent Lo and American architect Ben Wood — a protégé of architect Benjamin Thompson, who revitalized Boston’s Faneuil Hall. Wood said he wanted to bequeath Shanghai “a great European-style public space where people could go enjoy themselves.”
But Xintiandi and other Western-designed projects in Shanghai are causing much resentment among some Chinese architects, who say new buildings in the booming city should be more reflective of China’s culture, history, and modern reality. The new glass and steel towers rising over the city, they say, are alienating local people and turning this historic city into a soulless shell.
Some Chinese architects say they are so upset with the post-modern skyline framing Chinese cities that they have launched a “New Culture Movement” that rallies around the slogan, “Chinese houses created by Chinese.”
“A building is an integral part of cultural origin [and] to show our due respect and passion for Chinese culture, we are advocating designs that are in tune with our lifestyle and adaptable to China’s realities,” Chen Shimin, chief executive of the China Real Estate Design League and an initiator of the movement, said at its launch this April.
As China continues to grow, expect more expressions of these sentiments.
China tightens controls on foreign news
They can try all they want, but over time the censors in China are fighting a losing battle. They’re now tightening controls on foreign news.