Chinese border guards reportedly on approximately 70 people trying to cross from China into Nepal.
Chinese border guards reportedly on approximately 70 people trying to cross from China into Nepal.
over 500 billion yuan in 2004. As the economy grows, this will become a huge issue for the Chinese people.
Is there anythng in our future that won’t be made in China? Forbes reports that are becoming big sellers.
Erica S. Downs writes a very interesting column in BusinessWeek explaining how oil is affecting China’s relationship with the United States . She cites several examples:
The two most prominent spots where China’s search for oil collides with American interests are the Sudan (the largest source of foreign production for Chinese companies) and Iran (China’s No. 3 supplier of crude imports). While Washington sees a major power using its permanent seat on the U.N. Security Council to frustrate efforts to halt genocide in Darfur and to slow international action to curb Iran’s nuclear ambitions, Beijing sees international policies of limited efficacy that might jeopardize its oil supply.
So far, China has weighed its oil interests against the interests of the international community on a case-by-case basis. In the case of Sudan, the scales have tipped in favor of oil. Beijing weakened the language of at least one Security Council resolution to punish the Sudanese government for the atrocities in Darfur, but recently agreed to the deployment of U.N. forces there if supported by the African Union. In the case of Iran, which requires balancing competing interests such as oil, regional stability, and the Sino-American relationship, Beijing has sided with the international community to date. China voted as a member of the board of governors of the International Atomic Energy Agency in February, under pressure from Washington, to report the Iran nuclear issue to the U.N. and supported the July 31 Security Council resolution threatening sanctions if Iran does not halt uranium enrichment. However, deeper energy ties to Iran (the No. 2 holder of global oil and gas reserves) might tempt Beijing to tip the scales in the other direction.
China takes another big step towards modernization by :
At the end of 2005, the Chinese government announced it would invest 125.4 billion yuan (US$15.6 billion) over the next five years to foot the bill for compulsory education in rural areas, making sure every rural child has the opportunity for a free nine-year education.
Central government invested 3.69 billion yuan (US$461.3 million) on schools in 12 western provinces including Yunnan and Sichuan to cover the school fees before the start of 2006 spring semester.
The plan is to extend the scheme to China’s central and eastern areas, with 148 million primary and junior high school students receiving a free education in 2007. By 2008, all the fees for rural China’s 400, 000 elementary and junior high schools will be shouldered by central and local governments. Local governments have been ordered to pay a minimum 92.8 billion yuan (US$11.6 billion) over the next five years, bringing the total spending to a potential 212.8 billion yuan (US$26.6 billion).
In addition, students from poor farming families in key counties included in the national poverty alleviation plan will be provided with free textbooks and exempted from paying miscellaneous fees. Boarding students will receive a living allowance.
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