Word: progressing
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...immediate economic issues that have so elevated Sino-U.S. tensions this summer. First there was the uproar about textile quotas. Since Jan. 1 when global textile quotas were abolished, Chinese textiles have flooded American markets, resulting in job losses and industry complaints. The ensuing negotiations, which are still progressing unhurriedly and uncertainly, have been the cause of much friction between Beijing and Washington. Another touchy area is that of China’s currency. Many U.S. trade groups accuse China of keeping the yuan artificially cheap to bolster exports. The yuan was revalued in July from a direct...
...nuclear weapons program. The objective of those talks is not only to stop North Korea's declared weapons program, but also to dismantle the estimated seven weapons that Pyongyang has already built - the U.S. wants to put the toothpaste back in the tube, but hasn't made much progress. The last round of talks ended early last month with the participants - North Korea, South Korea, Japan, Russia, China and the U.S. - unable to agree even on a "statement of principles...
...Managing Director, Goldman Sachs (Asia), Hong Kong Despite stunning economic and social progress in the past quarter of a century, the average American still paints China in red: a nation seized by radical communist ideologies. In reality, today's China is a freewheeling and prosperous capitalist economy, rapidly converging on an American-style economic and social system based on entrepreneurship and free trade. President Hu should be China's super-salesman to convince Americans to accept China as an equal partner, not as a threatening enemy...
...Orville Schell Dean, Graduate School of Journalism, University of California, Berkeley If the two presidents could agree that an ever increasing quotient of true democracy was actually China's declared long-range goal?even though its progress in that direction might be piecemeal?the two countries might then be able to establish a more synergistic and stable basis of expectation for future collaboration on other important issues...
...reprise the scorched-earth policies of former financial warriors Roger Douglas and Ruth Richardson; he scoffs when Key claims his tax plan will stop the 600 Kiwis a week heading for "Aussie." Cullen pulls a stream of numbers out of his head to build a picture of stability, progress and the job ahead. Earlier in the day, Cullen outlines a difficult global outlook for the tiny nation, with no room for policy adventures; economic reform is by rights now incremental. Cutting spending on services is very difficult - and politically hazardous. "Government is like running an aircraft carrier," he tells Time...