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Trade deficit narrows 0.3 percent in November

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The U.S. trade deficit edged down to the lowest point in 10 months as exports, helped by a weaker dollar and rising foreign demand, climbed to the highest level in more than two years. The trade deficit narrowed to $38.3 billion in November, down 0.3 percent from October’s revised $38.4 billion deficit, the Commerce Department… Continue Reading Trade deficit narrows 0.3 percent in November

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Stocks fell for a fourth day as concerns over a slowdown in China and talks about a bailout for Irish banks combined to push the Dow Jones industrial average to its lowest level in a month. Asian markets started a global sell-off after South Korea’s central bank raised interest rates to curb inflation. Shares also… Continue Reading Stocks fall amid fears of European debt, Asian slowdown

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A look at China is like a look at our American past

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Ma Le, one of a delegation of young Chinese movers and shakers participating in a trip sponsored by the American Council of Young Political Leaders, posed the following question to a media panel sponsored by El Pomar earlier this week. “Why are Americans so misinformed about China?” she asked. “In China, we study America, we… Continue Reading A look at China is like a look at our American past

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Levis launches new global brand aimed at China

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Jeans maker Levi Strauss & Co. launched a new global brand in China on Wednesday, joining a growing list of companies that hope to crack this fast-growing and youthful market by tailoring their products to Chinese tastes. Models at the launch were wearing sneakers and high-heeled sandals: not a cowboy hat or boot in sight.… Continue Reading Levis launches new global brand aimed at China

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China has overtaken the United States as the world’s largest energy consumer, the International Energy Agency said today. China, however, immediately questioned the report, claiming its calculations were “unreliable.” The Paris-based agency said China’s 2009 consumption of energy sources ranging from oil and coal to wind and solar power was equal to 2.265 billion tons… Continue Reading China surpasses US as world’s top energy consumer

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A representative from the Space Foundation has met with Chinese space industry leaders for the first time since the organizations signed an agreement to partner for space research and education. Steve Eisenhart, Space Foundation senior vice president, traveled to China in June in order to promote a “mutually beneficial relationship” between the Colorado Springs-based organization… Continue Reading Space Foundation begins collaboration with Chinese astronauts

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During 1967, Jean-Jacques Servan-Schreiber, a French journalist, published an influential book, Le Defi Americain (The American Challenge). In it he argued that France and Europe were losing a “silent economic war” with the United States. The book sold more than half a million copies in France alone, and provoked both serious policy changes and a… Continue Reading Hey, if China wants to be the world’s leader, let ‘em

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Chinese-Colorado connection reinforced

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More than 30 representatives of Chinese companies attended a Chinese Chamber of Commerce Machinery and Electronics meeting last week hosted by Gov. Bill Ritter in Denver. Business representatives from Colorado and China signed a memorandum of cooperation designed to promote business investments, cooperation and job-creation. The agreement targeted several economic sectors, including renewable energy, clean… Continue Reading Chinese-Colorado connection reinforced

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China calls for new, global currency

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BEIJING (AP) – China is calling for a new global currency controlled by the International Monetary Fund, stepping up pressure ahead of a London summit of global leaders for changes to a financial system dominated by the U.S. dollar and Western governments. The comments, in an essay by the Chinese central bank governor released late… Continue Reading China calls for new, global currency

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