China

He did it! During his trip to China, President Barack Obama mentioned human rights and the importance of free thinking, and China didn't dump its massive pile of U.S. dollars. America must still have some sway left in the world.

Perhaps Obama is now on a roll and will score a last-minute deal with China on climate change reduction targets or revaluing the Chinese yuan to get the global economic order rebalanced. Not.

To hear the Obama administration tell it, the problem with American foreign policy towards China is that we haven't been paying enough attention. In the weeks and months leading up to the President's arrival in Beijing, a bevy of administration officials implied that the Bush administration had become so preoccupied with the Middle East that it gave China free reign to expand its influence in Asia. Now, by sending Obama to the continent in his first year -- after sending Hillary Clinton there on her first foreign… more

This afternoon in Shanghai, U.S. President Barack Obama held a townhall-style meeting with university students. It was an event that his staff had worked hard to include on his China trip itinerary. After a brief speech extolling the importance of core values to the success of the United States as a nation and Americans as individuals, Obama took questions from the audience and online.

Two years ago, the New York Times reported that China was "choking on growth," with rapid economic development ravaging its environment. But in a recent column, the Times' Tom Friedman declared that "Red China [has] decided to become Green China," writing that the developing country now outpaces the United States in its pursuit of alternative energy.

China awoke to climate change with a storm. It was late January 2008, a time when people across the country were busily gathering recipes, stocking fireworks, and preparing to welcome relatives to celebrate the Lunar New Year. But suddenly, severe ice storms brought much of the nation to a standstill. For two weeks, fierce winds, sleet, and snow downed power lines, shuttered businesses, and razed more than 200,000 homes across southern and central China.

Over the past several weeks, the US dollar's depreciation against the euro and yen has grabbed global attention.

In a normal world, a weaker US dollar would be welcome, as it would help the US come to grips with its unsustainable trade deficit.

But because China links its yuan to the US dollar at an undervalued parity, the US dollar's depreciation risks major global economic damage, complicating the recovery from the worldwide recession.

The editor of China's most influential financial muckraking journal, Hu Shuli, has resigned. For several months, Hu had been under pressure to tone down the aggressive, investigative tone of the magazine from Caijing's business partners, who in turn had come under pressure from government officials. Hu will assume a new post as dean of Sun Yat-sen University's School of Communication and Design, and is expected to launch another editorial venture, likely involving several of her top editorial staffers, who quit… more

Is racism universal? Since the end of the colonial era, the rising powers of the developing world have been quick to condemn Western racism. Ethnocentrism and color prejudice can be found in virtually all human societies, going back centuries if not thousands of years.

On October 1, the People's Republic of China will mark its 60th anniversary with the largest military parade in its history. The ruling Communist Party is not commemorating 60 years of ideological stability and continuity, however, but a period of speedy change and dramatic reversals. 

... but they're both horrible scenarios," said Steve Clemons, director of the American Strategy Program at the New America Foundation. ...