Forbes has released its 2011 list of world billionaires. Mexican telecom tycoon Carlos Slim tops the list for the second year in a row, but for the first time, the Asia-Pacific region had more billionaires than Europe.
President Obama is expected to nominate Locke to represent the U.S. in Beijing. Locke would be the first Chinese-American to serve in the post, and has worked on trade with China before.
As unrest continues in the North Africa and the Middle East, China hopes to prevent similar protests with a new five-year plan to fight inflation and low wages. Rob Schmitz explains.
The U.S. Treasury Department has revised China's holdings of U.S. debt to $1.16 trillion. As Nancy Marshall Genzer explains, that is considerably more than previously report.