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NEWS ABOUT: Wen Jiabao

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Soros: Euro on Verge of Major Collapse

'Inevitable' a country will leave euro, he warns

(Newser) - Billionaire investor George Soros had harsh words for the euro zone yesterday, saying it had "fundamental flaws," "no plan B," and that the system is "on the verge of an economic collapse," reports Reuters . The core flaw, says Soros, is that the euro is... More »

Obama Pressures China on Currency

Prez says he'll take action to protect US interests if yuan isn't revalued

(Newser) - President Obama has threatened to get tough with China if it doesn't hurry up and revalue its artificially low currency. The president spent most of a 2-hour meeting with Wen Jiabao yesterday pressuring the Chinese premier on the yuan issue, sending the message that "if the Chinese don’t... More »

Rising China Bucks the West

More prosperous Beijing isn't necessarily a friendlier one

(Newser) - Predictions that China would grow cuddlier as it grew more prosperous have turned out to be dead wrong; Beijing is tightening its authoritarian grip on the economy, and acting increasingly hostile to the West, the Washington Post reports. Hu Jintao has encouraged the forcible acquisition of private firms by state... More »

China Overtakes Germany as World's Largest Exporter

Rebound to spur calls for currency revaluation

(Newser) - China's exports rose 17.7% in December, ending a 13-month drop in trade and stealing the title of 'world's largest exporter' from Germany. The year-on-year surge is seen as a sign that China's hard-hit manufacturers have made it through the financial storm. But it's not all good news for China,... More »

I Saw China Wreck the Copenhagen Talks

The West's getting the blame, but Beijing's the real villain here

(Newser) - Barack Obama is getting the blame for the limp Copenhagen deal, but Mark Lynas knows it was China that really scuttled it—because he watched it happen. Sitting in on the closed-door meetings, the Guardian writer “saw Obama fighting desperately to salvage a deal, and the Chinese delegate saying... More »

Obama, Wen Meet, Report 'Progress'

But world leaders still seem far apart on fundamental issues

(Newser) - The two men who hold the fate of the Copenhagen climate talks in their hands met face-to-face for nearly an hour today. President Obama and Chinese Premier Wen Jiabao discussed a possible accord, with the White House saying only that they "made progress." Earlier, Obama declared that the... More »

China Pledges to Cut Greenhouse Gases

Beijing will peg its reductions to GDP

(AP) - China said today that it plans to ramp up efforts to cut emissions of greenhouse gases and that Premier Wen Jiabao will attend next month's climate conference in Copenhagen. The announcement comes a day after President Obama said he, too, would attend to lay out US reductions. The developments raise... More »

China Offers Africa Billions in Aid, Debt Forgiveness

Beijing gives back amid flak over greed

(AP) - Chinese premier Wen Jiabao today pledged $10 billion in low interest loans to African nations over the next three years and said Beijing would cancel the government debts of some of the poorest of those countries. The Asian powerhouse, at the start of a two-day China-Africa summit, looked to deflect... More »

North Korea Weighs Return to Nuke Talks

Depends on meeting with US, Kim Jong Il tells China premier

(AP) - North Korean leader Kim Jong Il told China's premier today that the North was prepared to return to multi-nation disarmament talks depending on progress in its two-way negotiations with the US. Kim's comments were the clearest sign yet that Pyongyang was readying to resume the six-nation talks it withdrew from... More »

China 'Worried' About US Debt

Dollar, Treasurys fall as Wen voices concern

(Newser) - The dollar and US Treasury bonds fell today after Wen Jiabao, the Chinese premier, voiced concern about the safety of US debt. As the American government's largest creditor, China has asked for reassurances that the US government demonstrate the safety of China's assets. "To be honest," said Wen,... More »

Taiwan Rebuffs China's Call for Peace Talks

Despite advances, self-governing island still suspects Beijing

(Newser) - The president of Taiwan dismissed any possible peace talks with China in the near future, saying that tension remains too high to discuss political or military issues. The comment came after Wen Jiabao, the Chinese prime minister, called for new cross-Strait discussions at his annual address to the Beijing legislature.... More »

China Outlines Stimulus Plans, But Offers No New Boost

Investors looking for more spending

(Newser) - China's prime minister announced a slate of new construction projects and increased subsidies to keep the country growing amid the global financial crisis. In his annual speech to the country's legislature, Wen Jiabao admitted that China faces "unprecedented difficulties and challenges" and would need to shift policies to push... More »

UK Charges Wen Jibao's Shoe-Tosser

Faces public disorder charge; China sweeps incident under rug

(Newser) - The Cambridge University protester who yesterday chucked a gray sneaker at the Chinese premier—and missed by a solid 3 feet—has been slapped with a public disorder charge for his trouble, reports the Telegraph. The 27-year-old will appear in British court next Tuesday. China voiced its continued ire over... More »

UK Protester Lobs Shoe at China's Wen

Protester calls premier a 'dictator' during speech at Cambridge

(Newser) - A protester threw a shoe at China’s premier while he was giving a speech at Cambridge University in England today, the BBC reports. The young man shouted “how can the university prostrate itself with this dictator—how can you listen to the lies he’s telling?" before hurling... More »

Russia, China Blame US for World's Mess

(Newser) - The leaders of Russia and China laid the blame for the world's financial troubles squarely at the feet of the US today, the Wall Street Journal reports. In speeches at the world economic forum in Davos, both focused on the role of the dollar, with Putin calling the world's over-reliance... More »

Asia, Europe Want Financial Reform Now

Beijing steps up as leaders craft plans to manage economies

(Newser) - Asian and European world leaders joined forces today to call for stricter regulation of world financial markets and a shakeup of the monetary system, the Washington Post reports. The declarations marked the close of a 2-day summit in Beijing attended by more than 40 heads of state. Bailouts in the... More »

China's Quake Relief Efforts Serve PR Purpose, Too

Forceful, and open, response shows government knows it's under microscope

(Newser) - China's devastating earthquake has kept the country in an international spotlight that's been too warm for comfort following recent Tibet and Olympic-torch troubles, the New York Times reports—and the country might be having a defining moment as it deals with the catastrophe. The country's swift, aggressive rescue effort contrasts... More »

Quake Buries Nearly 19,000 in 1 Town

Buried schoolkids given up for dead

(Newser) - Nearly 19,000 people are reported buried in rubble in just one Chinese town, the state media said today, as  the death toll from yesterday's 7.9 earthquake in Sichuan province climbed to 12,000. Overwhelmed rescuers worked frantically to rescue as many as possible, impeded by rain and mudslides,... More »

China Runs Low on Gas

Shortage spreads to Beijing, Shanghai; government, which controls price, urges calm

(Newser) - China may be running on less-than-full tank again as gasoline and diesel shortages spread to Shanghai and Beijing, the AP reports. Long lines are a common sight outside filling stations, which have been plagued by erratic shipments. “We have no diesel available at all,” said one gas station... More »

China Cracks Down; Dalai Lama Threatens to Resign

Hundreds of Tibetans detained after riots

(Newser) - Chinese paramilitary police in Lhasa have arrested almost 1,000 Tibetans over the past 48 hours as the fallout continues from last week's anti-Chinese riots, reports the London Times. "Many people have been taken away, but we don’t know how many," said one eyewitness. The crackdown comes... More »

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