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Thursday, Dec 7, 2006 11:05 PM UTC2006-12-07T23:05:00Zl, M j, Y g:i A T

In search of the perfect QQ girl

Virtual money is challenging the real thing in China. As usual, the sex industry is partially to blame.

As if the poor People’s Bank of China wasn’t already under enough pressure! A blue-ribbon delegation of American bigwigs is on its way to China, and topic No. 1 on their list of grievances is the undervalued Chinese currency. Hank Paulson and company will be twisting every arm in reach to get the Chinese to loosen their control on the yuan, desperate to ward off rising sentiment back home in the U.S. for trade sanctions against China.

But now comes word from the Asia Times that the Chinese currency is under pressure from a domestic challenger from the online world — the so-called “QQ coin” popular with users of the QQ instant messaging service offered by China’s Tencent.

Li Chao, spokesman and director of the General Office of the People’s Bank of China (PBOC), has expressed his concern in the Chinese media and announced that the central bank will draft regulations next year governing virtual transactions.

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Andrew Leonard

Andrew Leonard is a staff writer at Salon. On Twitter, @koxinga21.  More Andrew Leonard

Friday, Feb 17, 2012 12:00 PM UTC2012-02-17T12:00:00Zl, M j, Y g:i A T

Is China our future?

If we don't want six-day workweeks at rock-bottom pay, we need to rethink how America's free market functions

An employee works at the Yiwu Lianfa clothing factory in Yiwu, Zhejiang province, June 8, 2011

An employee works at the Yiwu Lianfa clothing factory in Yiwu, Zhejiang province, June 8, 2011  (Credit: Carlos Barria / Reuters)

For the last two decades, we’ve heard many myths purporting to explain the loss of American manufacturing jobs. CEOs, for instance, typically say they have sent jobs overseas because they can’t find skilled American workers. Conservative economists say the giant sucking sound is that of technology replacing obsolete workers. And conservative politicians say job loss is the result of high corporate tax rates, even though ours are among the lowest effective corporate tax rates in the industrialized world.

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David Sirota

David Sirota is a best-selling author of the new book "Back to Our Future: How the 1980s Explain the World We Live In Now." He hosts the morning show on AM760 in Colorado. E-mail him at ds@davidsirota.com, follow him on Twitter @davidsirota or visit his website at www.davidsirota.com.  More David Sirota

Tuesday, Feb 14, 2012 9:00 PM UTC2012-02-14T21:00:00Zl, M j, Y g:i A T

U.S., China need a green peace, not a trade war

As Obama meets Xi, the U.S. is investigating China’s practices in the solar and wind sectors

Solar panels in the city of Baoding in China.

Solar panels in the city of Baoding in China.  (Credit: Reuters/David Gray)

Chinese Vice President Xi Jinping’s visit to the United States comes at a contradictory time in clean energy relations between the two countries. On the one hand, significant progress has been made under the clean energy cooperation agreements signed by Presidents Hu Jintao and Barack Obama in the fall of 2009. On the other hand, the two countries may be on the verge of a clean energy trade war. As a result, the positions that Xi and Obama take on these issues over the next week may well set the tone for that relationship’s future, for better or worse.

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Dr Joanna L. Lewis is an assistant professor at the Walsh School of Foreign Serivce, Georgetown University. Her focus is on science, technology and international affairs, especially issues related to renewable energy.   More Joanna Lewis

Friday, Feb 3, 2012 1:00 AM UTC2012-02-03T01:00:00Zl, M j, Y g:i A T

WikiLeaks sheds light on Adelson’s Asia business

Cable describes shutdown of a $100 million Adelson nonprofit in Beijing and refers to "missteps" in China

Adelson and his wife Miriam

Sheldon Adelson, chief executive of Las Vegas Sands Corporation, and his wife Miriam attend the ribbon cutting of the Four Seasons Macao hotel and casino in Macau.  (Credit: Bobby Yip / Reuters)

We’ve learned this election cycle that casino magnate Sheldon Adelson isn’t afraid to throw around vast sums of money to get what he wants — he and his family have given at least $11 million to help the Newt Gingrich campaign.

It hasn’t gotten any notice since Adelson became a player in presidential politics, but it turns out that the trove of diplomatic cables published by WikiLeaks contains an interesting anecdote about how Adelson aggressively promoted his casino and hotel business in the Chinese territory of Macau — and a run-in he had with the central government in Beijing.

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Justin Elliott

Justin Elliott is a Salon reporter. Reach him by email at jelliott@salon.com and follow him on Twitter @ElliottJustin  More Justin Elliott

Friday, Jan 20, 2012 1:00 PM UTC2012-01-20T13:00:00Zl, M j, Y g:i A T

Zbig: Israelis “bought influence” and outmaneuvered Obama

The president "should have stuck to his guns" on Mideast peace, says Zbigniew Brzezinski, former NSC advisor

Former National Security Adviser Zbigniew Brzezinski

The unorthodox Zbigniew Brzezinski  (Credit: AP)

Zbigniew Brzezinski’s new book, “Strategic Vision,” imagines a world without American power. He envisions profound instability, faltering international cooperation and weak states falling prey to their more dominant neighbors. Describing the dystopia that would emerge if America goes under is a trick British historian Niall Ferguson pioneered. Unlike the jingoistic Ferguson, however, Brzezinski is able to envision China replacing America as the stabilizing force in world affairs. “I don’t think liberal states are more restrained or stabilizing,” he says. “The United States’ actions in the last 20 years, especially with the war in Iraq, do not give reassurance on that score.”

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Jordan Michael Smith writes about U.S. foreign policy for Salon. He has written for the New York Times, Boston Globe and Washington Post.  More Jordan Michael Smith

Saturday, Jan 14, 2012 9:00 PM UTC2012-01-14T21:00:00Zl, M j, Y g:i A T

Playing Margaret Thatcher in China

I hoped my acting gig would be a history lesson for the Chinese. But it was a lesson for me in government control

DengXiaopingBiopic-3

I’m teetering in ill-fitting high heels at the top of a flight of cement steps. A stiff wind kicks up, threatening to blow the red wig off my head. Below me, I see a bewildered film crew and its director. He is shouting: “Take a step!”

Behind them, Tiananmen Square stretches out in all directions. I can see Mao’s tomb and swirling crowds of tourists and police and the imposing entrance to Beijing’s ancient Forbidden City. At my back is China’s imposing Great Hall of the People, where the fate of a billion people is routinely determined by a handful of aging men.

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Melissa Rayworth, a writer based in Pittsburgh, lived in China from 2001 to 2004.  More Melissa Rayworth

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