China Economy
a Plan - Joseph Stiglitz: LINK ¤ the GUARDIAN
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- "in the past China - was going its own way !"
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- "China's leaders' had their own intentions - and did not care about how other countries - were viewing at China !"
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- "many of the problems - China today faces !"
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- "stemmed from too much market - and too little regulations !"
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- "more resources should be allocated - to redress the large Chinese deficiencies !"
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- "in healthcare - and education !!!!!!!!!!!!"
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- "here in most social market economies - the government plays !!!!!!!!!!!!!!!!!!"
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- "a leading role - and does so for good reason !!!!!!!!!!!!!!!!!!"
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- "privately-based healthcare systems - were expensive - and inefficient !"
- "the system of the USA achieved far worse outcomes - than those in European countries - which spend far less !"
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- "urban areas - cities should be environmentally sustainable - which requires action !!!!!!!!!!!!!!!!!!"
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- "there should be sufficient public transport - public schools - public hospitals !!!!!!!!!!!!!!!!!!"
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- "parks - and effective zoning - among other public goods !!!!!!!!!!!!!!!!!!"
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- "one lesson that should have been learned - from the post-2008 global financial crisis !"
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- "is that markets - are not self-regulating !!!!!!!!!!!!"
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- "there should not be - too much deregulation !!!!!!!!!!!!"
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- "the end result matters - it is about the routes - that we are taking !!!!!!!!!!!!"
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- "the challenge for its leaders is - its stage of development !"
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- "that requires the government - to raise more money !!!!!!!!!!!!!!!!!!"
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- "the authorities should - boost revenue !!!!!!!!!!!!!!!!!!"
- "by imposing environmental taxes - including a carbon tax !!!!!!!!!!!!!!!!!!"
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- "a more comprehensive progressive - income tax !!!!!!!!!!!!!!!!!!"
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- "including capital gains - and a property tax !!!!!!!!!!!!!!!!!!"
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- "the agenda - higher spending on sustainable buildings - in cities and villages !!!!!!!!!!!!!!!!!!"
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- "healthcare - education - and rural development !!!!!!!!!!!!!!!!!!"
- "funded by increases in taxes - can simultaneously !!!!!!!!!!!!!!!!!!"
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- "improve the environment - and reduce inequality !!!!!!!!!!!!!!!!!!"
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China's Workers demand better Rights - the Guardian: LINK ¤ the GUARDIAN
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- "Foxconn Technology - an electronic company - increases its workers' salaries - by as much as 25% !!!!!!!!!!!!"
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- "the move is the result of pressure - from the increasingly rights-conscious workers !!!!!!!!!!!!!!!!!!"
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- "and international concerns - about Foxconn's working conditions !!!!!!!!!!!! - ( 16 hours - silence - few minutes for breaks )"
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- "Apple - has sent an independent labour group - to investigate its suppliers - including Foxconn !!!!!!!!!!!!"
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- "it is high time to improve the lot of workers - in China !!!!!!!!!!!!!!!!!!"
- "factories were often foreign owned - or were staffed by migrant workers !"
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- "but things are changing now - as the buds of independent unions - are pushing through the soil !!!!!!!!!!!!!!!!!!"
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China reforms 'Hukou' System - the Guardian: LINK ¤ the GUARDIAN
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- "China reforms the - "hukou" system - to improve the migrant workers' rights !!!!!!!!!!!!!!!!!!"
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- "and overhauls the system - from the 1950s !"
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- "where people's access to services - were tied to their residential status !"
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- "the plan removes the distinction - between urban - and rural residents !!!!!!!!!!!!"
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- "it should help migrant workers - to access services - and social welfare !!!!!!!!!!!!"
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- "Lu Yilong - an expert at Renmin University - says "the government should follow up - with matching reforms" !!!!!!!!!!!!"
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- "in areas such as education - equality - social welfare - and city planning !!!!!!!!!!!!!!!!!!"
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- "the US embassy lobbied for economic interests - in China !"
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- "the US embassy pressured China - to open markets !"
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- "frictions should be managed - China's increasing interest in !"
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- "how it was perceived - on the international stage !"
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- "created new opportunities for the USA - to influence China !"
US Investment - US cable - 2007: LINK ¤ 07BEIJING284
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- "US secretary Paulson said - "China should eliminate foreign investment caps - in financial services firms !""
US Financial Crisis - US cable - 2008: LINK ¤ 08BEIJING3949
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- "US senator Charles Hagel - met Chinese vice premier Wang Qishan !"
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- "central bank governor Zhou Xiaochuan - and commerce vice minister Ma Xiuhong !"
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- "the vice premier highlighted the weaknesses in the US system - that had led to the financial crisis !"
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- "and asserted China's commitment to cooperate with the United States - to resolve the situation !"
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- "including continuing to buy - US debt !"
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- "holdings of US treasury securities - US agency debt - and corporate stocks ! - ( US$ 1.2 trillion )"
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- "China has not sold - its holdings of US agency debt !"
US Financial Crisis - US cable - 2008: LINK ¤ 08BEIJING4074
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- "US teasury secretary McCormick said - "the US policy approach - to stabilizing the markets and economy" !"
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- "the Federal Reserve's purchase of commercial paper - to inject liquidity !"
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- "the securities and exchange commission's actions - to safeguard market integrity !"
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- "and prevent market manipulation - including through limits on short-selling !"
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- "the federal deposit insurance corporation's guarantee of banks' - short and medium-term liabilities !"
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- "in order to assuage concerns - about counter-party risks !"
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- "and treasury's pledge to inject US$ 700 billion - into the US banking sector !"
Financial Crisis - US cable - 2009: LINK ¤ 09BEIJING1586
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- "Hu Jintao said - "an immediate priority is the implementation - of previous G20 outcomes" !"
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- "to strengthen international - financial regulation !!!!!!"
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- "and reform the - international financial system !!!!!!"
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Stimulus Package - US cable - 2008: LINK ¤ 08BEIJING4178
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- "there were plans - for a stimulus package !"
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- "the plan emphasized - infrastructure spending !"
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- "( RMB 4 trillion - US$ 600 billion - 6% GDP )"
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- "the financial crisis - World News Journal !"
- "this financial crisis was a lesson for developing countries - concerning financial operations !"
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- "developing countries had a clearer understanding of the subtle operations - of US financial capital markets !"
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- "because of this - they make an effort - to international cooperation !!!!!!"
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- "and set up a fair and healthy - international financial system !!!!!!"
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- "developing countries could increase their efforts - to set up "sovereignty funds" !"
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- "with more independence - in finance !"
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- "the US dollar - should have the necessary transparency - and receive strict supervision !!!!!!"
ECONOMY of CHINA - Wikipedia EN: LINK ¤ ECONOMY of CHINA