The New York Times has laid out a portrait of a Chinese billionaire family, and it’s a fairly worrisome one. Premier Wen Jiabao’s extended family, including his brother-in-law, are said to be worth $2.7 billion. Average income in China last year was less than $6,000. The Wens aren’t alone. Bloomberg …
This morning’s news reports indicate that a large portion of the Central Military Commission (CMC), the entity that actually manages and oversees China’s multimillion-man military, is now in place. When the Chinese Communist Party (CCP) 18th Party Congress convenes two days after the U.S. election, the top Chinese leadership will …
Both The Washington Post and the Financial Times have more front-page stories today on the seemingly endless saga of the fall of senior Chinese Communist Party official Bo Xilai. These particular two stories claim that Bo’s ouster has boosted China’s economic reformers, led by Premier Wen Jiabao. This is a …
President Obama reportedly spent much of his meeting this week with Chinese Premier Wen Jiabao urging action to revalue the Chinese Yuan relative to the dollar. Simultaneously, Democrats in Congress are pushing a bill that would tack countervailing duties on Chinese imports in response to an alleged distortion of the …
