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By JEREMY PAGE One evening early this year, a red Ferrari pulled up outside a popular bar in Beijing, and the son of one of China's top leaders stepped out, dressed in a tuxedo. Bo Guagua Grandfather, Bo Yibo — Helped lead Mao's forces to victory, only to be purged in the 1966-76 Cultural Revolution.
Page 1 of 2 America vs China in Africa By Francis Njubi Nesbitt China's imminent replacement of the West as the dominant international economic and political force in Africa epitomizes the most dramatic shift in geopolitics since the collapse of the Soviet Union. Yet the United States and Europe, Africa's traditional trading partners, seem incapable of responding to the challenge and retaking the initiative. Instead, their response has been to wring their hands in despair and make ineffectual noises about human rights and democracy. A recent Senate hearing on the implications of China's role in Africa, for instance, concluded that the United States is ceding both its economic and political leadership in Africa. Led by Senator Chris Coons, the panel urged the United States to
The cooling of China’s real estate sector is good for the economy. But the government is right to be worried about the social consequences of the bubble bursting. In October, Beijing announced that four city and provincial governments – Shanghai, Shenzhen, Zhejiang and Guangdong – would be allowed to start issuing bonds for the first time in China’s history.
Keith Bedford/Bloomberg News A Jeep Wrangler S.U.V. in Beijing, where tariffs, taxes and various other markups keep it and other imported vehicles priced well above domestic autos. Bobby Yip/Reuters The Import and Export Fair in Guangzhou, seen in October, is the country's largest trade show.