The three major American automakers--General Motors, Ford and Chrysler--are the significant symbols of American auto-industry, but recently face bankcruptcy. And they are pleading for a $25 billion bailout to help them go through this crisis and not go bankrupt.
GMs CEO Rick Wagoner said at a Senate meeting that the [Read more]
This world financial crisis is not the inevitable outcome of the market economy�rather it is the result of extreme distortions of the market economy and aberrations in financial relations.
Senior members of the Democratic Party hope that Obama can implement a series of measures to save the U.S. economy even before he moves in the White House next year in order to prevent a long-term recession.
Americas New York "Times" published an article in recent days that made absurd use of the ancient Loulan Beauty to play up the idea that Xinjiang is not a part of Chinas territory. The article claimed that the physical characteristics of the Loulan Beauty clearly show that she was not Chinese, and that the era [Read more]
The US and African leaders should seize the historical opportunity to turn hope into a driving force behind Africa's development.
Nov 21 People.com.cn news
Two months before Obama comes to office as the new president, an organization under the Congress named U.S.-China Economic and Safety Review Commission published a report of analysis of China. There is nothing new in this report which is filled with Cold War mentality, as in previous [Read more]
The U.S. president-elect Barack Obama , who seldom creates sensational news, finally announced to the media that he may recruit his former political rival , the former first lady Hillary as Secretary of State. Although a formal invitation has not been extended, the two sides have been in positive interaction and the [Read more]
Obama won the election and African countries and people were all happy for him. Meanwhile, they all count on this Obama the very first African-American president in U.S. history to help Africa to achieve peace, stability, and better development.
Will Obamas trade policy and aid to Africa be any different? It [Read more]