CHINA

Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development

Resist protectionism, group says

Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development, an organization consulted by the nations of the world, including most of the nations of the G-20, put the very complex matter of what the G-20 is attempting to do at its summit in Seoul this week, in simple and precise terms.

Class struggle at the G20 summit

Policemen use pepper sprays on protesters trying to march during a rally in central Seoul
Two things are always present at G20 summits: the gathering of the most powerful international elites and the gathering of common citizens and workers to protests against them.

US trade deficit narrows, but stays high with China

Goods and services trade deficit in the U.S. narrowed in the month of September from the previous month, but still remained high with China, according to a report released by the U.S. Commerce Department.
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A U.S. and a Chinese flag flutter in front of Tiananmen Gate in Beijing

China not too happy with Fed's QE2

China is not too pleased with America's plan to inject more capital into its economy in the form of a second round of quantitative easing.
Fraud and low voter turnout cloud Myanmar polls

Fraud and low voter turnout cloud Myanmar polls

Low voter turnout and allegations of fraud marred the polls in Myanmar. Counting is currently under way as polling booths closed in the late hours of Sunday. Though official figures are yet to be released, media reports suggest that not many people were enthusiastic about the elections. This is for the first time in 20 years that the Burmese people have been allowed to vote.
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Did U.S. and China strike a currency deal?

Behind the scenes, China and the U.S., two major combatants, may already have already struck an agreement, said Douglas Borthwick, head trader of Connecticut-based Faros Trading.
China's leader-in-waiting gives departing Huntsman thumbs up

Economic implications of Xi Jinping's rise to leadership

Xi Jinping will likely be China's next President. Given his background, he is likely to favor coastal regions and continue China's export-driven economic model, and therefore unlikely to pursue structural reforms like distributing income to inner regions or taking dramatic steps to cultivate domestic consumption.
Molycrop signs rare earth pact with Ames Lab

China denies blocking rare earth shipments to US, Europe

China's Commerce Ministry denied the New York Times report stating the government has extended block on shipments of rare earth to include the United States and Europe, other than Japan, a Bloomberg report said, citing a faxed response from the Ministry.
Employees at call centre provide service support to customers in the northeastern Indian city of Siliguri

The allure of outsourcing too powerful for U.S. companies to resist

One of the predominant economic issues of our day has to do with the “offshoring” or “outsourcing” of American jobs overseas, particularly to developing economies like India and China where costs of labor are significantly less, thereby undermining efforts to reduce the stubbornly high U.S. jobless rate (currently at 9.6 percent)
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Luxury carmakers return to records of old

Europe's luxury carmakers fear no double-dip thanks to a fresh supply of wealthy customers in emerging markets who have just earned enough money to buy their first Mercedes-Benz or Ferrari.
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Ford may take Lincoln brand global in 5 years: CEO

Ford Motor Co could take its Lincoln brand to international markets within five years once it has re-established the long-neglected luxury label in the United States, Chief Executive Alan Mulally said.
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Post-crisis Paris to look beyond Europe

Carmakers gathering in Paris this week will show off the cars they hope will win them access to booming emerging markets like China, while industry watchers seek clues on how the recovery is progressing closer to home.

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