CGM
January 3, 2021
By Greg Hugh.
It has been a long and uncertain journey, but Chinese American veterans who served their country in World War II were finally awarded the Congressional Gold Medal on Dec. 9, 2020.
Efforts to enact the Congressional Gold Medal Act for these Chinese American veterans first began in December 2016. An exploratory committee led by the Chinese American Citizens Alliance (CACA) set out to secure the support of members of Congress. The bill, first introduced to the Senate and the House of Representatives in May 2017, was ultimately passed on and signed by President Donald Trump Dec. 20, 2018.
NY Chinatown images
December 31, 2020
by China Insight.
While air travel is still risky health-wise and lockdowns are common, here is a chance for us to “travel” and see New York City’s Chinatown.
The Museum of Chinese in America (MOCA) and the Center for Jewish History (CJH) are co-hosting a new online exhibition, “An Unlikely Photojournalist: Emile Bocian in Chinatown,” at https://exhibits.cjh.org/bocian.
Beijing 2020 Olympics
December 31, 2020
by Elaine Dunn, China Insight.
The 2008 Summer Olympics in Beijing opened with great fanfare. It was China’s debut on the world stage, an opportunity to showcase its history, culture and its athletes to a global audience. Fast forward to the 2022 Winter Olympics. Once again, Beijing will be the venue. However, circumstances are quite different.
2021 Chinese Holidays
December 31, 2020
Compiled by China Insight.
China’s 2021 holiday schedule will, per tradition, include two week-long holidays: Chinese New Year, aka Spring Festival, which will take place Feb. 11-17; and the National Day Holiday, Oct. 1-7.
Society Fat Size
December 31, 2020
compiled by China Insight.
On Nov. 11, a netizen posted an image of an apparel size chart seen at a Taiwanese chain store in China, saying, “I was shocked when I saw this size chart at a RT-Mart today. Am I completely rotten?” That image and post went viral and it enraged the online community, causing the company’s China Division to issue a public apology the following day.
Garden202011
November 2020
by Bill Zajicek, president, Minnesota China Friendship Garden Society.

There were two large volunteer projects at the garden this summer/fall. As a result, the rock garden was completely weeded and mulched; the donor stanchion received a new coat of paint, the Hmong Heritage Wall was painted, and as a gift from the Minnesota Peony Society, nine peonies were planted: three each of herbaceous “Krinkled White,” herbaceous “America Red” and tree peonies (Fuji-Zome-Goromo, Renkaku, Tai Hai)!!!
HKU
November 2020
By Elaine Dunn

The Hong Kong University (HKU) appointed two mainland Chinese scholars to its governing council, one of whom is alleged to have direct ties to the Chinese Communist Party (CCP).
Book Review 202011
November 2020
By China Insight

You may notice the more-than-usual number of books included this issue. With Christmas giving around the corner and the snowy winter approaching, China Insight thought these titles may provide gift ideas or just material for a “good read” in front of the fireplace.
Enjoy!
GoodJob_Deed
November 2020
[ST. PAUL]
– Minnesota Department of Employment and Economic Development (DEED) Commissioner Steve Grove announced the #GoodJobsNow campaign with Rick Trontvet from Marvin Windows in Warroad and Traci Tapani from Wyoming Machine in Stacy.
Covid
October 2020
Like other com- munities, our Chinese American commu- nity has been hit hard physically, mentally and economically.
Fall Colors
October 2020
In this year of coronavirus, we can find joy in the beauty of nature and celebrate festival traditions with tastes of mooncake on the trail.
Publisher Pronouncement
October 2020
With the 2020 U.S national election approximately a month away, will Asian American voters make a difference in the U.S. political fabric?
Republicans
October 2020
The resolution “calls on all public of- ficials to condemn and denounce anti-Asian sentiment, racism, discrimination, and re- ligious intolerance related to COVID-19”
Canton Fair
October 2020
The 10-day virtual 128th session will go online from Oct. 15-24.
HK Press
September 2020
On June 30, 2020, the Beijing government stepped in on Hong Kong’s governance and enacted the Hong Kong National Security Law
Lauren Food Blog
September 2020
March 16, 2020, a Monday, is a day I will never forget; it’s the day all my jobs essentially vanished. At the time, I was living in New York City, auditioning and performing.
Chang Wang - CAAPM
September 2020
Chang Wang, a regular China Insight contributor, to the Board of Council on Asian Pacific Minnesotans (CAPM) to represent the Chinese Minnesotans at the Council and the State government.
China Garden
Septemebr 2020
These gardens are all more expensive than anticipated.

China’s economic growth has moderated to a more sustainable pace. In line with slower global growth, activity decelerated so far in 2008. Adjusted for price rises, growth of real exports and imports has decelerated but remains robust. Sharply higher import prices are inflating import values, bringing down China’s trade surplus, even as the contribution of net trade to growth remains positive. The growth moderation in part reflects less buoyant investment, but China’s domestic economy is holding up well.

 

Headline inflation is receding even as non-food price pressures emerge. The food price increases are starting to fade out of the consumer price data. Some spill over is taking place of the higher food prices into wages and some other prices, while new impact from recent industrial commodity and oil price hikes is in the pipeline. Nonetheless, generalized spillover to consumer prices has remained limited and headline consumer price inflation should recede gradually. These price developments take place as record balance of payment surpluses complicate monetary policy, but growth of monetary aggregates remains under control.

 Amidst weaker and uncertain global prospects, China’s growth will be supported by strong international competitiveness and a robust domestic economy. Global growth is on course to slow further and commodity price driven inflation has become a complicating factor everywhere. These developments imply considerably more international uncertainty and risks. Nonetheless, China’s exports will continue to be supported by China’s strong international competitiveness. Domestically, while the human tragedy caused by the earth quake has been tremendous, the macroeconomic impact is likely to be modest. We expect China’s GDP growth to moderate to a solid 9.8 percent in 2008 (the upward revision to our forecast largely reflects revised GDP data showing stronger service sector growth). On current growth forecasts, there is no need to ease the overall macroeconomic stance, although global uncertainty calls for vigilance and flexibility. In the case of a more serious slowdown than currently envisaged a fiscal easing would be well suited, but macroeconomic management demands good coordination between fiscal and monetary policy. Containing the spill over of raw material price pressures and inflation expectations requires relatively tight monetary policy. China’s current macroeconomic situation calls for continuing with strengthening the (trade weighted) effective exchange rate. Bringing prices of fuel closer to levels that reflect the scarcity of energy is important for rebalancing and to reduce distortions. 

Reducing China’s very large external surpluses remains a key policy challenge. The current account surplus is still responsible for the majority of the external surplus. Reducing it requires a set of structural policies to rebalance the overall pattern of growth, a key government objective on which progress seems to be limited so far. Speculative inflows seem to have increased recently. If policymakers consider such inflows to be a large problem they can be discouraged by tightening controls on capital inflows and policies that effectively change exchange rate expectations.

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CHINAINSIGHT (CI) is published monthly ((except July/August and November/December are combined) by China Insight, Inc., an independent, privately owned company started in 2001 and headquartered in the Twin Cities area of Minnesota.

CHINAINSIGHT is the only English-language American newspaper to focus exclusively on connections between the United States and the People’s Republic of China (PRC).

Our goal is to develop a mutual understanding of each other’s cultures and business environments and to foster U.S.-China cultural and business harmony.