China has become shrill in its criticism of the fiscal train wreck in the United States, arguing that the answer to a potential government default is to begin creating a “de-Americanized world.”
In May, two young brothers from Jiangsu province were badly burned after being tied to a tree by a third boy and set alight – allegedly imitating a scene from the popular cartoon “Pleasant Goat and Big, Big Wolf.”
The Communist Party has devoted official meetings, books, a six-episode television documentary, a garish children’s performance and postage stamps to mark a century since the birth of Xi Zhongxun, a veteran revolutionary and Xi Jinping’s father.
The notion of a government shutdown is strange for the average Chinese person because its consequences in the People’s Republic would go far beyond closed federal agencies and parks, but it has also helped the Chinese better understand the U.S. government.
The 5 billion yuan will help create an incentive for the designated regions to meet their air pollution reduction targets, to invest in pollution control and to aid their efforts to reduce airborne pollutants.
Sinosphere represents The Times’s latest attempt to overcome the challenges of getting a good handle on what’s happening in China by delivering timely, informative, engaging dispatches on everything their correspondents find “Interesting From China.”
“China is what it is. We have to be here or nowhere.” Chancellor George Osborne, Britain’s second-highest official, was laying out the British government’s view last week, near the end of his trip aimed at selling Britain to Chinese companies. Western governments used to go to great lengths to say they were standing up for human rights in China.
Chinese Internet users have a message for the screenwriters of The Blacklist: You’ve got a lot to learn about our country.
As fears mounted this week about a possible (and now, it seems, averted) U.S. government default, the U.S. press stumbled upon an October 13 editorial in Xinhua, China’s largest news agency, calling for a “de-Americanized world” in light of Washington’s fiscal dysfunction.
Bill Bishop:
The D.C. dysfunction puts China in a difficult place. Any financial markets turmoil that occurs because of a failure of Congress to do its job could harm China’s economy, and especially its exports. The accumulation of massive foreign-exchange reserves, now at record levels, is a feature not a bug of China’s economic model, and in spite of increased talk of diversification China has few viable options beyond U.S. government securities for those massive reserves.
