Wen Jiabao

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Chinese Hackers Crack NY Times

Nab staff passwords over 4 months of attacks

(Newser) - The New York Times has weathered four months of online attacks by Chinese hackers, the paper reveals . Following Times reporting on the wealth of Chinese PM Wen Jiabao's family, hackers were able to enter the newspaper's computer systems, diving into the email accounts of two Asia bureau chiefs.... More »

Obama Attends East Asia Summit Amid Sea Feud

China at center of multiple territorial disputes

(Newser) - President Obama is in Cambodia today, meeting with East Asian leaders amid a contentious territorial dispute over the South China Sea . Speaking publicly, neither Obama nor Chinese Premier Wen Jiabao responded to reporters' shouted questions about the tensions, the BBC reports. Instead, Obama referred to a "cooperative and constructive... More »

China Blocks NY Times Site for 'Smearing' Leader

Report on Wen Jiabao's wealth angers Beijing

(Newser) - China has blocked the New York Times' website and all searches for "New York Times" on microblogs, accusing it of smearing Wen Jiabao with a story about the immense wealth his family has amassed during his reign as prime minister. A foreign ministry spokesman said the report "blackens... More »

Chinese Leader's Family Is Now Very, Very Rich

New York Times says Wen Jiabao's family worth $2.7B

(Newser) - It's good to be the king, or at least the prime minister. A New York Times investigation pegs the worth of Chinese leader Wen Jiabao's family at $2.7 billion. The family amassed the wealth after Wen's rise to power, thanks to investments and byzantine financial deals... More »

China to North Korea: Loosen Up Those Markets

Powerful Pyongyang official visits Beijing

(Newser) - It's time for authoritarian North Korea to let in some free markets, urged Chinese Premier Wen Jiabao today, following a rare meeting with a high-ranking North Korean official, reports Reuters . Wen and President Hu Jintao met yesterday with Jang Song Thaek, the powerful uncle of North Korea's young... More »

China's 'Princelings' Rolling in Cash, Power

Relatives of top leaders enjoy 'Red Nobility'

(Newser) - The wealth of Bo Xilai's family members was no anomaly. Known as "princelings," close relatives of many Chinese leaders are on a fast track to fortune and power, the New York Times reports. The president's son used to head a company with a security-scanner monopoly; the... More »

Blind Chinese Dissident Escapes to US Embassy

Chen Guangcheng had been under house arrest for opposing Chinese policies

(Newser) - A famed blind Chinese dissident has managed to escape his house arrest and post a video detailing the abuses he's suffered and calling on Premier Wen Jiabao to protect his family. Chen Guangcheng, a self-taught lawyer, has long been in custody for opposing China's forced abortion and sterilization... More »

Strange Scandal Dethrones Charismatic Chinese Pol

Bo Xilai removed as Chongqing party chief

(Newser) - A rising star in Chinese politics was ousted from his powerful perch as party chief in the huge city of Chongqing today, following a strange scandal that saw Chongqing's police chief seek US asylum . Bo Xilai is a charismatic figure who, unlike most Chinese politicians, actually courts the media.... More »

Premier to Chinese: Get Ready to Buy, Buy, Buy

Consumer spending is what China needs now: Wen Jiabao

(Newser) - China's premier today called on his countrymen to spend big to boost the national economy because international markets aren't up to the job. "Expanding domestic demand, particularly consumer demand, is essential to ensuring China's long-term, robust economic development, and is the focus of our economic work... More »

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

(Newser) - 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

(Newser) - 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

(Newser) - 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 »

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