Op-Ed Commentary: Chris Devonshire-Ellis
Sept. 20 – China is facing increasing competition from other Southeast Asian nations as regional growth both expands and creates alternative investment markets.
By Yu Yongding and Fu Yu, China Daily
China's trade surplus climbed in July to its highest level in 18 months, raising new questions about whether the country's currency remains undervalued despite government efforts to introduce a more flexible exchange rate. Chinese officials claim the pace of reform and appreciation is gradual and controllable, but nonetheless the United States Congress has pushed to pass measures penalizing Chinese exporters, especially as the November midterm elections approach. Yu Yongding, an academician of the Chinese Academy of Social Sciences and former member of the Monetary Policy Committee of the People's Bank of China, recently spoke on currency reform and the trade balance between China and the U.S. in an interview with China Daily reporter Fu Yu.
“...I have never worked on a country where the eagerness to learn was greater than in China”
Pieter Bottelier, Former Chief of Mission, China, World Bank (1993-1997)
2010 marks the 30th anniversary of the China-World Bank Group partnership—a partnership that has made an important contribution to shaping China’s modernization and development.
Minnesota export trends turned around in the first quarter of 2010, gaining 17 percent from the same period a year ago – the first year-over-year quarterly increase since the third quarter of 2008. The state exported US$3.9 billion in manufactured exports in the first quarter of 2010, representing a gain of US$569 million from the first quarter of 2009.Minnesota's exports grew slightly less than U.S. manufactured exports, which gained 20 percent during the same period.