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Dec 9, 2011

Insight: Ten years on, American business rethinks China dreams

WASHINGTON (Reuters) – Few in the United States would recognize Charlene Barshefsky or remember what she did. Not so in China where the former Trade Representative says she is stopped in the streets by ordinary people and thanked.

Her gift to the Chinese people was leading the U.S. delegation that negotiated China’s entry to the World Trade Organization in December 2001. The removal of trade barriers heralded unprecedented economic growth for China, vaulting it in a decade to the second largest economy in the world and helping slash its rural poverty rate from 10.2 percent in 2000 to 2.8 percent in 2010.

Dec 9, 2011

Ten years on, American business rethinks China dreams

WASHINGTON, Dec 9 (Reuters) – Few in the United States would
recognize Charlene Barshefsky or remember what she did. Not so
in China where the former U.S. Trade Representative says she is
stopped in the streets by ordinary people and thanked.

Her gift to the Chinese people was leading the U.S.
delegation that negotiated China’s entry to the World Trade
Organization in December 2001. The removal of trade barriers
heralded unprecedented economic growth for China, vaulting it in
a decade to the second largest economy in the world and helping
slash its rural poverty rate from 10.2 percent in 2000 to 2.8
percent in 2010.

Nov 16, 2011

Western Bangkok warned floods may last until new year

BANGKOK (Reuters) – Floodwater in parts of Thailand’s capital, Bangkok, is receding after weeks of inundation but Prime Minister Yingluck Shinawatra and water experts said residents in some western districts could still be suffering into next year.

However, Yingluck reassured investors at a news conference with United Nations Secretary-General Ban Ki-moon on Wednesday that Thailand would get back on track quickly and had a long-term strategy for redesigning its water management system.

Nov 16, 2011

Clinton warns against intimidation in South China Sea dispute

MANILA (Reuters) – U.S. Secretary of State Hillary Clinton on Wednesday urged claimants to the South China Sea not to resort to intimidation to push their cause in the potentially oil-rich waters, an indirect reference to China ahead of a regional leaders’ summit.

Clinton reiterated that the United States wanted a candid discussion of the maritime dispute, which an Australian think tank warned earlier this year could lead to war, when the leaders gather in Bali, Indonesia, this week.

Nov 16, 2011

Clinton warns against intimidation in South China Sea

MANILA (Reuters) – U.S. Secretary of State Hillary Clinton on Wednesday urged claimants to the South China Sea not to resort to intimidation to push their cause in the potentially oil-rich waters, an indirect reference to China ahead of a regional leaders’ summit.

Clinton reiterated that the United States wanted a candid discussion of the maritime dispute, which an Australian think tank warned earlier this year could lead to war, when the leaders gather in Bali, Indonesia, this week.

Nov 16, 2011

Clinton urges peaceful resolution to South China Sea dispute

MANILA (Reuters) – Secretary of State Hillary Clinton Wednesday urged claimants to the South China Sea not to resort to intimidation to push their cause in the potentially oil-rich waters, an indirect reference to China ahead of a regional leaders’ summit.

She said disputes in the sea lanes, a possible flashpoint in Asia, should be resolved through the 1982 United Nations Convention on the Law of the Sea, which defined rules on how countries can use the world’s oceans and their resources.

Nov 15, 2011

Clinton in Manila amid ASEAN row over South China Sea

MANILA (Reuters) – The Philippines criticized fellow Southeast Asian nations Tuesday for failing to take a united stand against China over maritime rights in the South China Sea, a crucial commercial shipping lane thought to contain valuable oil and minerals.

The comments by Philippine Foreign Secretary Albert del Rosario coincide with the arrival of Secretary of State Hillary Clinton in Manila for a two-day visit in which the Philippines is likely to press Washington to help resolve disputes in the sea lanes claimed by China.

Nov 14, 2011

Analysis: Obama’s Pacific aspirations strain ties with China

HONOLULU (Reuters) – President Barack Obama’s campaign to reassert the United States as a Pacific power, only days old, has triggered a sharp reaction from China, presaging tough times ahead as the two economic giants vie for influence.

Obama, beginning a nine-day Pacific trip, wielded rhetoric and promoted policies that seemed destined to generate friction and promoted policies that seemed destined to generate friction with Beijing and test the limits of the two countries’ on-again, off-again cooperation.

Nov 13, 2011

Thai deputy PM sees floods trimming growth

HONOLULU (Reuters) – Catastrophic floods may cut Thailand’s 2011 growth prospects by more than half and require a cut in interest rates to help restore growth, the country’s deputy prime minister said on Saturday.

Kittirat Na Ranong, who is also commerce minister, said Bangkok has yet to make a full tally of the damage from Thailand’s worst floods in half a century.

Nov 12, 2011

Clinton sees real Myanmar changes, but wants more

HONOLULU (Reuters) – Myanmar appears to be making some “real changes” to its political system but the United States wants to see more reform before embracing the country formerly known as Burma, U.S. Secretary of State Hillary Clinton said on Friday.

“It appears that there are real changes taking place on the ground and we support these early efforts at reform,” Clinton told a news conference at an Asia-Pacific Economic Cooperation (APEC) forum in Hawaii.