Posted In: Economy
China's Parliament kicked off its annual session yesterday. The hot topic: The rural poor. More than half of all Chinese people still live in the countryside, and they've been largely left behind by China's economic boom. Some have taken to the streets recently, and it appears the higher-ups have heard them. Premier Wen Jiabao outlined the plan to pump billions into rural areas to improve the living standards of its impoverished farmers. From Beijing, Ruth Kirchner reports.
A new survey shows that the world's most stressed out entrepreneurs are in East Asia. Ruth Kirchner reports.
Posted In: Canada
After the grilling in Congress of some Internet executives on Wednesday over their business activities in China, the ball is now in the government's court. Yahoo, Google, and others say no private business can resist China alone. From Beijing, Ruth Kirchner reports.
Myanmar (or Burma) is not a country the US would do business with. The isolated country in East Asia has endured decades of harsh military rule, which in turn led to wide-ranging US sanctions. But China continues to stand by Myanmar, and today is giving the red-carpet treatment to the country's Prime Minister. From Beijing, Ruth Kirchner reports.
China, the world's second largest consumer of oil, says it will devise a strategy to up its alternative energy sources. The Chinese government wants to reduce its dependency on oil - much like the President Bush promised in his State of the Union address. But does China genuinely want to kick the habit? Ruth Kirchner reports from Beijing.
US government figures out later today are expected to show that the trade deficit with China reached a record $200 billion last year. That massive number has led to renewed calls for trade restrictions. Just yesterday, two senators proposed yanking China's normal trade status. From Beijing, Ruth Kirchner says some analysts believe that Americans are misreading the situation.
Next week, the House committee on International Relations will hold hearings on the ethical responsibilities of companies doing business in China. Today, there's yet another case for the committee to consider. For the second time, Yahoo stands accused of aiding the Chinese authorities in their crackdown on critics. From Beijing, Ruth Kirchner has the story.