This burgeoning concern is by no means confined to China or Russia.
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He said he was in no position to dictate China's exchange rate, and he admitted that America's lack of domestic savings was partly to blame for global trade imbalances.
The United States' No. 1 export to China, by number of cargo containers, is scrap.
For now GM has no plans to export its China-made vehicles elsewhere because of strong domestic demand.
He said the IMF has no plans to change its China forecasts, which were finalized before Monday's GDP release.
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"As I have said before, I want it to be understood that there is no change to our close relations with China and South Korea, " he said on Tuesday.
On a later reciprocal visit, Lee in turn saw, to no surprise, that China was similarly flowering--only by an order or two of magnitude, on a Chinese scale.
There is no reason why China cannot continue to rise within that highly successful framework.
Because of this loss of demographic momentum, China no longer needs to grow quite so quickly to keep up.
So the question is no longer whether China is equipped to play a role in combatting climate change but how that role will affect other countries.
"Workers with little to no experience are overlooked in China, but we find they're like sponges, absorbing quickly and willingly, " says Anthony Ross, general manager of The Opposite House, Swire's boutique hotel in Beijing.
It should come as no surprise that China was able to become the first country in over two decades to conduct a successful ASAT test, thereby joining the United States and the former Soviet Union as the only nations to have done so.
No one thinks China is going to make drastic changes to what is a signature national programme. (And one from which it hopes to spin off lucrative contracts building railways in Algeria, Iran, Russia, Kazakhstan and elsewhere.) But it might postpone some of the dizzier schemes, such as one to build a freight line across mountainous northern Colombia to rival the Panama canal.
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It is now clear that for Japan to maintain its living standards and global competitiveness there is no alternative to ever deepening economic and technical integration with China.
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No evidence exists that the virus is spreading from person to person, and no cases have been reported outside China.
But although our exports of goods to China rose significantly during most of the 1990's, they grew no faster than such exports to the world as a whole, and China still accounts for less than 2 percent of the total.
Thanks to the WTO, foreign firms are no longer required to hand over technology in exchange for entry to China's market.
When economic reforms began 20-odd years ago, China had no insurance industry to speak of.
Daniel argues that multinationals have no option but to outsource more production to China to compete globally.
But if China is in no mood to be lectured, is there anything the EU can do?
Eventually, China Unicom, the No. 2 carrier, got the rights to become the official iPhone distributor in China.
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Since semiconductors are America's third-biggest export to China, this was no small deal.
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Furthermore, when the first version of the iPhone came to China, there was no official Chinese distributor for the product.
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There are no official numbers, because many come to China on tourist or student visas, depending on the length of the internship.
"There's no question that China is very sensitive to its image, " said Stanley Rosen, an expert on the Chinese film industry, and director of the East Asian Studies Center at the University of Southern California in Los Angeles.
Netherlands based Association of Students in Economic and Business Science, which helps students find internships around the world, said that the number of students heading to China has risen from no more than 50 in 2002 to 1, 000 this year.
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