Understanding China

For centuries, China has proven difficult for Americans to understand. Today, however, China is becoming one of the most powerful countries in the World . The stakes have never been higher for getting U.S. policy toward China right. The direction that China and the U.S.-China relations take will define the strategic future of the World for years to come. No relationship matters more for better or for worse in resolving the enduring challenges of our time: Maintaining stability among great powers, sustaining global economic growth, stemming dangerous weapons proliferation, countering terrorism, and confronting new transnational threats of infectious disease, environmental problems, international crime, and failing states. And for the United States in particular, a rising China has an increasing for some clear-eyed thinking and tough economic, political, and security choices.
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Tourism in China

Tourism in the people's Republic of China has greatly expanded over the last few decades since the beginning of reforming and opening. The emergence of a newly rich middle-class and an easing of restrictions on movement by the Chinese authorities are both fueling this travel boom. China has become one of the world's most watched and hottest outbound tourist markets. The world is on the cusp of a substantial Chinese outbound tourism boom.
China is the world's fourth largest country for inbound tourism. The number of overseas tourists was 55 million in 2009. Foreign exchange income was 41.9 billion U.S. dollars, the world's fifth largest in 2009. The number of domestic tourist visits totaled 1.61 billion, with a total income of 777.1 billion yuan.
According to the WTO, in 2020, China will become the largest tourist country and the fourth largest for overseas travel. In terms of total outbound travel spending, China is currently ranked fifth and is expected to be the fastest growing in the world from 2006 to 2015, jumping into the number two slot for total travel spending by the year 2015.
www.en.wikipedia.org

China Economy Grows 11.9%

• China's economic growth accelerated to the fastest pace in almost three years.
• Gross domestic product rose 11.9 percent from a year earlier, the statistic bureau said.
• Poperty prices rose by a record in March and foreign-exchange reserves climbed the most in four months, the government said this week.
• Economic growth was largely driven by simulus policies and a comparison with low levels in 2009. Officals pledged to do more to rein in the property market.
• Industrial production rose 18.1 percent in March and retail sales climbed 18 percent. car sales leapt 76 percent inthe first quarter from a year earlier, with Mercedes-Benz (China) Ltd. reported a doubling.
• Some investors already see a property bubble in China that could reverberate around the World if it bursts.
• Residential and commercial real-estate prices in 70 cities climbed 11.7 percent in March from a year earlier, the most since data began in 2005.

www.tradingeconomics.com

Facts About The Economy in China

• China is the World's fourth largest economy, but its per capita incolm is ranked around 100th in the world-the first "poor" global economic superpower in history.
• China's economic modernization has lifted almost 400 million citizens out of poverty since 1990, but 415 million Chinese still live on less than $2 per day.
• China's economy is relatively open, but the Country consistently is rated one of the politically least free Countries in the world.
• China graduated more than 800,000 students a year in engineering and sciences, but only has 120,00 certified lawyers.
• China has land borders with 14 States, extending some 13,000 miles, but has not fought a was since 1979.
• Beijing has announced double-digit increases in its defense budget nearly every year since 1991, but says it pursues a "path of peaceful development" to greater power.

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China Deal to Boost Economy

• China's drive to join the World Trade Organization is a crucial part of its plan to reform its economy.
• In the past 20 years, the Chinese economy has grown rapidly as the Country embraced foreign trade and investment.
• China is now one of the World's leading exporters, and also the biggest single destination for foreign investment of any developing Country.
• Under WTO rules, China would be guaranteed nondiscriminatory access to the markets of all major industrial Countries, who are all members of the WTO.
• In return, foreign companies would be given the right to trade and invest in China, with the confidence that any concessions granted by the Chinese government could not be reversed.
• Aa a precondition China will have to cut its tariffs and gradually end protectionism of its state-run industries.

news.bbc.com

http://imarketnews.com/node/10685

"Vice-Premier Wang Qishan and State Councilor Dai Bingguo will lead the Chinese talks, while the U.S. side will be led by Secretary of the State Hillary Clinton and Treasury Secretary Timothy Geithner."
"The meetings will take place amid heightened international pressure for the Chinese government to appreciate the yuan, along with a slew of other trade issues."

They want to try to have good relation with the trade. But will it happen? Can the both give desired standard equalization trade? USA depends on world trade. So does China. But China doesn't make good quality. But none the less US buys them because it it cheap. To make it qualify, China would need to spend more money, that means that much more to buy. Then why would US want to buy from China. And if China can sell cheaper why do they buy from US? The relation lately seem like it's going to break them apart in many ways. maybe even to a war. If they are not prepare to loose something to gain something, no matter how much they debate, nothing will change. Or we might just see one side getting every thing they want, while other side loose much to gain something.

China says anti-dumping probe into U.S. auto, chicken products

US will put tariffs on the tire imports from China. China is saying that it's anit-dumping comparing to the chicken.
"China imported 407,000 tonnes of chicken from overseas markets in the first half of 2009, with 359,000 tonnes, or about 90 percent from the United States. "
90 percent is a lot. At first when I was reading this, I thought that it's not a good trade for China since, they can't sell as much tires as US sells to China. It wasn't a fair trade. But, I read from http://wildwestvstheorient.blogspot.com/2010/05/chinese-tires-unsafe-ordered-for-recall.html
Chines tire have been recalled. And wasn't taking it very responsibly . If China fail to make a good quality of tire then it is the US's right to do such act.

http://www.china-embassy.org/eng/zt/xw/t584596.htm