Monthly Archives: May 2007

China Tells the World Its Food Exports Are Completely Safe: Guaranteed! FDA Confiscates Six Tubes of Poisonous Chinese Toothpaste in the U.S.

Posted on May 31, 2007 by Richard

Denial ain’t a river in Egypt. It’s in China. UPDATE (June 1, 2007): FDA cries out to American public, DON’T BRUSH WITH CHINESE TOOTHPASTE. Of course, we are now aware it is a serious problem. After all, there is $3 … Continue reading →

Posted in Imports and Exports | Comments Off

Why Rob When You Can Invest?

Posted on May 31, 2007 by Richard

This image, sent by a friend in China, shows a banner hung across a street by local police. It reads “Why Rob When You Can Invest?”

Posted in Investment | Comments Off

Stock Transfer Tax Triples — China Finance Ministry to Stock Market: We’d Like a 15-20% Correction?

Posted on May 30, 2007 by Richard

After months of hints and proclamations of irrational exuberance from official and unofficial (Li Ka-shing) sources, China’s Ministry of Finance yesterday announced an increase in the stamp tax on stock transactions to 0.3% from 0.1%. The Chinese markets fell steeply. … Continue reading →

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Conference in Beijing: U.S.-China Trade: Legal and Policy Issues and Opportunities

Posted on May 29, 2007 by Richard

[Editor's Note: Carol Kalinoski, who will speak at the conference, has kindly provided this overview.] “The Fourth Annual Conference of the Asian Legal Studies Program, co-sponsored by DePaul University School of Law (Chicago, Illinois) and Beijing Foreign Studies University School … Continue reading →

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Audio: Wu to Paulson – Stuff it!

Posted on May 25, 2007 by Richard

Chinese Vice-Premier Tells U.S. Treasury Secretary where to get off. Click the little triangle to listen.

Posted in Foreign Exchange, Podcasts | Comments Off

Wu to Paulson: Stuff It!

Posted on May 25, 2007 by Richard

Bloomberg: “China will continue to reform its exchange rate on its own initiative, gradually,” Wu said at a dinner in Washington after two days of talks with U.S. Treasury Secretary Henry Paulson that yielded only minor agreements and failed to … Continue reading →

Posted in Foreign Exchange | 1 Comment

Hold the Presses! FDA Stops Imports of Chinese Toothpaste

Posted on May 24, 2007 by Richard

This suffices for an entire weekend’s hilarity. The government is stopping all imports of Chinese toothpaste to test for a deadly chemical reportedly found in tubes sold elsewhere in the world. “There is absolutely no evidence of this toothpaste in … Continue reading →

Posted in Imports and Exports | Comments Off

US Treasury Secretary Critical of the Home Crowd, the new Trade Winds and more…

Posted on May 22, 2007 by Richard

WSJ’s article on Treasury Secretary Hank Paulson notes his frustration, not in dealing with Chinese officials, but with Americans. With respect to Social Security: Mr. Paulson says it’s “frustrating to be in an environment where well-meaning people on both sides … Continue reading →

Posted in Foreign Exchange, Imports and Exports, U.S. Economy | Comments Off

US Treasury Dept. Efforts Move Exchange Rate by 67%! Melamine in the Pet Food, Trade Talks and More

Posted on May 18, 2007 by Richard

All the news that fits, we print: “The People’s Bank of China said in a statement posted on its Web site that it would allow the currency, known as the yuan or renminbi, to rise or fall up to 0.5 … Continue reading →

Posted in Foreign Exchange, Imports and Exports, U.S. Economy | 3 Comments

Chinese National Anthem to Reflect Revolutionary Fervor? No, Investment Fever!

Posted on May 15, 2007 by Richard

[Editor's Note: A little humor this morning.] ???????????????????????? 2007/05/11 16:31 ?????????????? ???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ??????????????????????????????????????????????????????????????????????????????????4?????500?????????2??????? ????????????????????????????????????????????????????????????????????????????????????????????????????? ??????????????????????????????????????????????????????????????????????????????????????????????????? ?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

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