Multilateralism is not something which China can push on its own without making any investment.
It blamed instead the drought, from which China has suffered as much as anyone.
To be sure, there are many areas in which China does rank first in the world.
It is easy to exaggerate the degree to which China's economy is dependent upon external trade.
Another important way in which China will affect the world economy is by changing relative prices.
If this claim can be tested anywhere, it is presumably in the six-party process, which China hosts.
But to do that, American manufacturers need to have access to rare earth materials -- which China supplies.
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Sudan is of considerable strategic importance to China because of its oil production, much of which China buys.
To Mr Obama's relief, the accord allows for an international role in such monitoring, which China and India had been resisting.
There is at least one another respect in which China is not a typical rising power: it considers itself a returning power.
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This is a proud agenda in which China and the United States share important interests that we can best advance by working together.
For China, the euro is important because it offers another currency aside from the US dollar which China can hold its savings in.
At the same time there will be a rise in prices of capital- and skill-intensive goods and services which China needs to import.
Meanwhile, the fortunes of the miners as a group are still in large part tied to the direction into which China might be headed.
Oil -- which China has had to import since 1993, and which the area may contain -- seems only a small part of the reason.
Import prices for miscellaneous manufactured articles, from which China derives the bulk of its trade surplus with the U.S., are still declining, despite the weaker dollar.
Both sides agreed to two arms-sale contracts in which China will buy Russian Sukhoi made fighter jets, Xinhua and Agence France Press reported on Monday.
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What better time to review the apparently successful bit of financial diplomacy by which China is slowly freeing up the yuan than at an IMF meeting?
As Japan rebuilds from the March 11 earthquake, it could drive up the prices of commodities in which China also imports, mainly oil and iron ore.
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Slower growth in China and India has a knock-on effect in the rest of Asia, for which China in particular is an ever more important market.
The deal under which China joined the WTO was at least as good as any the US has negotiated itself, according to both the US administration and Congress.
This survey will explore the many ways in which China's rapid economic development is affecting the rest of the world, from jobs and growth to oil prices and inflation.
He says that the Shenzhou VI is bigger than the Shenzhou V and represents an evolution beyond the Soviet Soyuz spacecraft technology on which China had based earlier ships.
One is the speed with which China globalised in the 1980s and 1990s and then accelerated to a breakneck pace after accession to the World Trade Organisation in 2001.
The Iraqi oilfield for which China obtained development rights in 1997, as well as other oilfields that China is interested in obtaining, cannot begin production until the sanctions are lifted.
Solar power, on the other hand, is considered a clean technology in which China has openly sought world prominence, or dominance, using public markets in the West in the process.
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But knowing that the iPhone 5 has a Qualcomm LTE baseband that also supports the 3G network which China Mobile operates, such a deal should not be too far along.
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Though the story is not new, the article is the latest indication of the alacrity with which China has emerged as a clean energy powerhouse in the span of just a few years.
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Admittedly these gains for developed economies are being partly offset by higher prices for oil and other raw materials, which China also needs to import (of which more in the next article).
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