The Lion Awakes
News at a Glance
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
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Hu presents 5-point proposal for boosting China-U.S. ties
The Taiwan and Tibet issues concern China's sovereignty and territorial integrity and its core interests. China hopes the United States would keep its promises and handle these issues with caution, so that further setbacks in China-U.S. ties could be averted.
Fourth, the two countries should deepen practical cooperation. China would like to strengthen exchanges and cooperation with the United States in economics and trade, counter-terrorism, energy, environment, and law enforcement.
China is also willing to explore cooperation in civil aviation, high-speed train and infrastructure, said Hu.China expects outstanding U.S. exhibitions at the upcoming Shanghai Expo and welcomes U.S. citizens to the event.
Fifth, China and the United States should strengthen communication and coordination on major international and regional issues. The two sides should continue to strengthen macroeconomic policy coordination, and their cooperation in the framework of the Group of 20.
Hu pledges currency reform at China's pace
WASHINGTON – President Hu Jintao told his US counterpart Barack Obama that China is determined to push forward reform on the exchange rate policy，but the move is based on China’s needs, not pressure from other countries.
“It is based on the needs of our own economic and social development. Concrete reforms will be considered according to the change of the world economy and the situation of China’s economy, (we) especially will not push forward it under outside pressure.”
Hu meets with Obama in Washington on China-US ties
WASHINGTON - Chinese President Hu Jintao and US President Barack Obama met in Washington Monday to exchange views on China-US relations and other important world and regional issues of common concern.
Hu seeks 'stable' US trade relationship
Answering a question on China-US economic and trade relations, Ma Zhaoxu, spokesman for the Chinese delegation attending the nuclear security summit, said that the two presidents discussed bilateral economic and trade relations.
The two sides should properly resolve economic and trade frictions through consultations on an equal footing and jointly uphold the larger interests of China-US economic cooperation and trade, Hu told Obama.
Female students going for the gold
Yet instead of blindly loving wealth, the students are looking at men from the "rich second generation" who love them and would share a future with them, said Liu Shuqian, a professor of ethics at Guangzhou University.
BRICs: From Acronym to Global Actor
Get the Yuan Right, Prove Pundits Wrong
By Andy Xie
Kaixin - Very informative
The New York Times
U.S. Says China Will Push Sanctions Against Iran
WASHINGTON — President Obama met with his Chinese counterpart, Hu Jintao, on Monday and the two agreed to push for sanctions over Iran’s nuclear program, aides said. The leaders also discussed the delicate issue of the value of the Chinese currency, which the United States feels is purposely undervalued.
China Looks to Rails to Carry Its Next Economic Boom
By making it easier to move people and goods, the railroad mania will gradually shift the center of economic gravity inland, accelerating the development of central and western China in an echo of America’s experience in the 19th century.
The Wall Street Journal
U.S., China Talk Strategy on Iran
WASHINGTON—U.S. President Barack Obama and Chinese President Hu Jintao, meeting on the first day of a nuclear security summit, agreed to step up pressure on Iran for its nuclear program, the U.S. said, but the two nations appear divided on how to apply that pressure.
US, China to work together on Iran
Doubts remain as China consults on opening up procurement market
The Sydney Morning Herald
China bank lending almost halved in 1st quarter
Lending by Chinese banks fell 43 per cent in the first quarter from a year earlier as the government winds down its stimulus and tries to cool a credit boom while keeping its recovery on track, central bank data showedon Monday.