China Insight PDF

Upcoming UCBC meetings look at The Politics of China’s Power and Marketing Moneygram in China

May Meeting
The topic of the UCBC May monthly breakfast meeting on May 5, 2010, will be The Politics of China’s Power to be presented by Ron Bosrock of Global Institute.
Mr. Bosrock will explore two of the main pillars of China's rise as a global economic power: its politics and its military. The "China mentality" that guides its growth goes well beyond being a Communist state. The extensive planning, acceptance of internal "mistakes", opening and closing of markets, nationalistic attitudes and much more are choreographed into a delicate martial arts dragon dance. Within that dance are steps leading to opportunities for American business.

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Geely buys Volvo unit for US$1.8 billion

 

GOTEBORG, Sweden - China's Zhejiang Geely Holding Group signed a deal with Ford Motor Co. here on [Mar. 28] to acquire the U.S. auto giant's Volvo car unit for nearly US$1.8 billion.

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Federal Reserve Bank of Minneapolis names new research director

The Federal Reserve Bank of Minneapolis has named Dr. Kei-Mu Yi its director of research to replace Dr. Arthur J. Rolnick, who will retire July 31, 2010. Yi, currently vice president and head of Monetary and Macroeconomic Research at the Federal Reserve Bank of Philadelphia, will become senior vice president and director of research for the Federal Reserve Bank of Minneapolis on Aug. 16, 2010.

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Just Call Me "Three F Li"

Narrated by Li Yining, collated by China Today staff reporter Liu Qiong
 
Li Yining is a well-known Chinese economist with an impressive set of responsibilities. Currently he is president of the Market Economy Academy of Peking University, honorary president of the Guanghua School of Management of Peking University (and its doctoral supervisor for work related to national economic policies), member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), and deputy director of the Subcommittee of Economy of CPPCC. Li Yining didn't start out thinking of himself as a "numbers guy." Born in 1930, his earliest career aspirations were to "bring salvation to the people through science" and "rejuvenate the nation through industry."

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Minnesota exports drop by 17 percent in third quarter

Reflecting a weak world economy, Minnesota’s manufactured exports were valued at US$3.7 billion in the third quarter of 2009. Exports fell by 17 percent (US$757 million) since the third quarter of 2008. U.S. exports fell by 21 percent.
 
Among the 20 largest exporting states (Minnesota ranks 20th), Minnesota had the fifth-smallest export decrease, behind Kentucky with the smallest decline (2 percent), and Texas, Indiana and Tennessee with the next-smallest declines (15 percent). Utah (14 percent growth to US$2.7 billion, ranked 26th) and Wyoming (4 percent to US$242 million, ranked 47th) were the only states to experience positive export growth during this period.

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