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EU foreign policy supremo, Cathy Ashton, visited Gaza last Thursday During her visit, rockets were fired into Israel, killing a Thai worker. Israel retaliated with air strikes on Gaza. Yesterday, the Quartet, meeting in Moscow, condemned Israel’s recent announcement that 1 600 new housing units for Jews would be built in East Jerusalem. Next Thursday… » read more

Posted by Stanley Crossick

Keith Bradsher’s article in the New York Times of 17 March is breath-taking but worrying for the West. It confirms the incredible drive by China to lead in all relevant technological developments. Just imagine that China may produce this year two-thirds of the global output of PV panels, despite Europe’s long start. And last, and… » read more

Posted by Stanley Crossick

Yesterday’s post reported on the non-attendance of Premier Wen Jiabao at the small leaders’ meeting on 17 December. Wen’s explanation of what happened was the same as previously reported in the Chinese media, except that the latter said that the meeting was held by the US. Wen did not repeat this. It’s hard to understand… » read more

Posted by Stanley Crossick

Writing in BusinessWeek on 12 March, Nobel Prize-winning economist Paul Krugman said global economic growth would be about 1.5% higher if China stopped restraining the value of its currency and running trade surpluses. “We should not be afraid of what the Chinese might do if we pressure them to stop this currency manipulation,” Krugman said.… » read more

Posted by Stanley Crossick

This morning in Beijing, Chinese Premier Wen Jiabao explained at his press conference what actually happened in Copenhagen on 17 December 2009 on the eve of the UN Climate Change Conference, which gave rise to criticism of Chinese behaviour and even allegations of arrogance. It is remarkable that this is the first official version of… » read more

Posted by Stanley Crossick

My blog post of 12 March reported Premier Wen Jiabao, in his annual address to the National People’s Congress, stating that corruption threatened the rule of the CCP. China’s former state auditor, Li Jinhua has, in the official ‘People’s Daily’ on-line, identified the business dealings of Party officials as the main source of public dissatisfaction.… » read more

Posted by Stanley Crossick

The US Treasury, in its semi-annual report delivered every April and October, can formally label China as a “currency manipulator” on account of the yuan’s substantial undervalue. This would allow the Department of Commerce to impose countervailing duties on a wide range of Chinese products. US Treasury Secretary-designate Timothy Geithner told the Senate Finance Committee… » read more

Posted by Stanley Crossick