Tussle Over Islands Threatens Trade Between China, Japan
The dispute over a small group of uninhabited islets in the East China Sea escalated over the weekend as protesters attacked Japanese car dealerships, shops and factories in China.
U.S. Joins in WTO Dispute with China
China, which has about 33% of the world’s resources of rare earths, produces at least 90% of the supply available for manufacturing. Chinese Foreign Ministry spokesman Liu Weimin was cited as saying that China’s policy regarding rare earths complies with WTO rules.
Obama, Hu Square Off Over Yuan, Trade
After a summit meeting with Asia-Pacific leaders in Hawaii on Sunday, Obama said that China must do more, and more quickly, to allow the yuan to rise in value, because other countries feel “enough’s enough.”
China in Talks With Italy as Lender
As Greece nears default and Italy struggles to keep from losing control over its own debt problems, the latter has been engaged in talks with China over the possibility of asset sales to the Asian nation.