InfoAnda - Rich China, poor China conundrum as clout grows

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Judge's aide says Khodorkovsky verdict dictated | | 15 February 2011
Notebook sales top desktops for first time: iSuppli | 25 December 2008
NZ man seeks justice for brother at KRouge trial | 18 August 2009

Batman could fly, but he'd crash and die | | 10 July 2012

Forum Views () Forum Replies ()

Read more with google mobile : Rich China, poor China conundrum as clout grows | International |

My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Rich China, poor China conundrum as clout grows Sun Apr 5, 2009 8:26pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Paul Eckert, Asia Correspondent WASHINGTON (Reuters) - Success in winning China's help with global tasks like reviving the world economy or fighting climate change can depend on which China you're talking to: the established economic powerhouse or the developing country. China the new power holds $2 trillion in foreign reserves, including about $1 trillion in U.S. debt, and increasingly lectures rich nations on economic management. Developing China has tens of millions of rural poor among its 1.3 billion people and falls in the same World Bank per capita income rankings as Cameroon and Guatemala. The emergence of China as a heavyweight economic player with a relatively poor population has economists scrambling for new definitions, perplexes policymakers in other countries and has some competitors crying foul. "I can't think of any other instances where an economy at this relative level of development compared to the other leading countries in the world had such a large role to play in terms of world trade, world finance and overall contribution to the world economy," said Eswar Prasad of Cornell University. The World Bank groups China among lower-middle-income countries, with $936-3,705 in annual per capita income, based on 2007 data. Countries such as Bolivia, India, Morocco and Syria are also in that grouping of lower-income countries. The United Nations Statistics Division counts all of Asia excluding Japan as developing countries. China is a developing country under the International Monetary Fund's criteria. "It's a fair thing for China to say 'We're not rich yet,' and we have to deal with that," said trade expert Derek Scissors of the Heritage Foundation. Nevertheless, China has raised eyebrows when it appeared to be demanding more rights as an unquestioned economic power while pleading poverty when asked to shoulder greater obligations. CHANGING THE CONVERSATION Steve Dunaway, a Council on Foreign Relations scholar, saw this a lot in his former job as IMF China mission chief. China's line was "that as the number three economy in the world, they want a bigger say in the world economy. But when the discussion came up about additional resources for the IMF, the conversation switched back to per capita income," he said. China overtook wealthy Germany in 2007 to become the world's third-largest economy behind and the United States and Japan. With Japan sputtering, some economists see China overtaking that rich country by 2012. In an ongoing debate about funding the United Nations, U.S. critics note that China pays just over two percent of the annual U.N. budget, while the United States pays 25 percent. Ahead of last week's London G20 summit, senior Chinese leader Wang Qishan reiterated Beijing's call for more power at the IMF. He said China's contributions to the fund should be based on per capita economic output -- not on the size of its $2 trillion in reserves -- the most in the world. China ended up contributing $40 billion to the IMF kitty for economically troubled countries and won promised reforms that will give China more clout at the fund. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: FEATURE-Rich China, poor China conundrum as clout grows also on reuters Blog: Sex, drugs and toxic shrubs: Best reads of March New York bankers best paid, London at bottom: poll Video Video: Who wants the best job in the world? More International News Dozens dead and many injured as quake hits Italy U.N. divided on North Korea launch | Video U.S. spies on China from Kyrgyz base: Russian TV At least 22 killed in Pakistan suicide bombing | Video Controversial Afghan Shi'a law on hold for review More International News... Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video Dozens dead and many injured as quake hits Italy Farrah Fawcett in L.A. hospital: reports Ice bridge holding Antarctic ice shelf cracks up Media covers U.S. war dead's return after 18-year ban Playboy TV fined over explicit content U.N. divided on North Korea launch | Video Estimated U.S. taxpayer cost for bailout jumps An Antarctic ice shelf has disappeared: scientists IBM, Sun Micro talks collapse over price: source U.N. divided over North Korea rocket launch | Video Most Popular Articles RSS Feed Video Obama promotes nuclear-free world Suicide bomber kills at least 22 Sri Lanka end game on rebels NKorea launches rocket Iraqis campaign for prison releases Protests sour NATO summit Suicide bomber kills 8 Global concern at NKorea missile Berlusconi skips NATO ceremonies Two Gaza Palestinians dead - medics Most Popular Videos RSS Feed Reuters Deals The global destination for corporate leaders, deal-makers and innovators Knowledge to Act Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 6 April 2009
Obama in Turkey for first visit to Muslim country | International |
Macedonian ruling party candidate leads vote | International |
Farrah Fawcett in L.A. hospital: reports | Entertainment |
Fast & Furious speeds to No. 1 worldwide | Entertainment |
At least 16 dead, many injured in Italy quake | International |
Merkel makes surprise visit to Afghanistan
U.N. divided on North Korea launch | International |
Baghdad bomb kills 5 in busy street
U.S. spies on China from Kyrgyz base: Russian TV | International |
Canada says Afghan law on women won't be enforced
Controversial Afghani Shi'a law on hold for review | International |
Ireland's Celtic Tiger economy reduced to a purr
Obama in Turkey for first visit to Muslim country
US ready to force out bankers: Geithner
New boss vows 'reinvented' GM even in bankruptcy
Dubai police accuse Chechnya deputy PM in killing
Putin to defend handling of Russian crisis | International |
Bundchen, Brady wed -- this time in Costa Rica
Jewish city turns 100 and parties through crisis
Madonna leaves Malawi after failed adoption bid
Zimbabwe government sets plan to end isolation | International |
Baghdad bomb kills 5, wounds 15 in busy street | International |
South Africa's Zuma to learn fate in graft case | International |
Rich China, poor China conundrum as clout grows | International |
Media covers U.S. war dead's return after 18-year ban
Cuba not afraid to talk with US: Fidel Castro
US military deaths in Iraq war at 4,266
IBM, Sun merger talks in trouble: report
US warns of potential attack on Nigeria missions
Sony PS3 outsells Nintendo Wii in March in Japan | Technology |
Russian TV says U.S. spied on China from Kyrgyz base
At least 17 dead as strong quake strikes Italy
Obama, Sarkozy clash over Turkey EU bid
French, Canadian aid workers kidnapped in Darfur
U.S. warns of possible attack on embassies in Nigeria
Trial opens in Hong Kong celebrity sex scandal
U.N. divided on North Korea launch
German baby powder taken off shelves in China
Japan to extend sanctions against NKorea
Pakistanis mourn victims of mosque bombing
Carrie Underwood wins country music's top award | Entertainment |
UK charity head held over Bangladesh 'bomb factory'
Sri Lanka says war's end near, 453 rebels killed
Bon Jovi documentary to rock Tribeca Film Festival | Entertainment |
A decade on, East Timor remembers Liquica massacre
Tiger rebel death toll rises to 480
Film world jumping for Easter Bunny | Entertainment |
Seoul shares end at 6-month closing high
U.S. Senator proposes waiting period for ticket resellers | Entertainment |
McCain urges China to back NKorea sanctions
India: potential for luxury, but not yet
S.Korea won up 2.4 pct on stocks, N.Korea ignored
China migrants' children endure parent-less life
Pakistani cenbank buys 54.30 bln rupees of T-bills
US-ENTERTAINMENT Summary
China's markets closed Monday for public holiday
Bon Jovi documentary to rock Tribeca Film Festival
China, NKorea trade boom despite rocket tensions
Film world jumping for Easter Bunny
S.Korean banks willing to up lending-c.bank survey
Art museums hope technology will sustain interest
Taiwan dollar at 3-month high on stocks, won
Michigan museum has $41.9 M restoration
SKorean stock market shrugs off rocket launch
Carrie Underwood wins ACM entertainer of the year
Reports: Bunchen, Brady wed again Costa Rica
Jazz up SAfrica's musical industry: Hugh Masekela
Asian star braves death threat to plug movie
Jazz musician Bud Shank dies in Tucson at 82
Series of bombings in Baghdad Shiite areas kill 34
South Africa prosecutors drop Zuma graft charges | International |
Death toll from Baghdad car bombings rises to 32
Six car bombs kill 34 across Baghdad | International |
Iran calls on U.S. to scrap nuclear arms
U.S. judge allows deportation of accused Nazi guard | International |
Global economic crisis 'far from over': Putin
Polar summit to debate Arctic riches, environment
Spate of Baghdad car bombings kills 18
Pakistan grapples with slide in security; envoy due | International |
Blair urges Netanyahu not to abandon peace talks | International |
New NATO chief pledges conciliation with Muslims | International |
New T-Mobile gadgets to sport Google's Android: report | Technology |
US wants 'clear', 'strong' UN response to NKorea
Sun shares plummet after IBM talks collapse | Technology |
Parents visit US journalist jailed in Iran
Egypt police detain Muslim Brotherhood blogger | Technology |
Obama in Turkey to boost ties with 'critical ally'
Taiwan researchers say invent cheap quake sensing tool | Technology |
Google should defend trademark suit: appeals court | Technology |
Sony PS3 outsells Nintendo Wii in March in Japan
Italy quake toll rises to 40: report
Sony PS3 outsells Nintendo Wii in March in Japan
Japan eyes $100 bln economic stimulus
Farrah Fawcett in L.A. hospital: reports | Entertainment |
Indonesia military plane crash kills 24
Garuda Indonesia pilot jailed over deadly crash
Game creator pitching makeover to save show | Entertainment |
Pakistan grapples with slide in security
Death for Indonesian who killed, mutilated lover
Bomb blast kills six in northeast India
Khmer Rouge defendant says US helped rise to power
Sri Lanka eyes final battle against Tigers
China to provide universal health care by 2020
Fury in Seoul, Tokyo over NKorea launch
Continental launches Chinese R&D centre
Pakistan targets 75 bln rupees in T-bill auction
Hong Kong courts OK, then delay, $2B deal for PCCW
Regis and Kelly take a tour of New Orleans
Yen dives to five-month lows against dollar, euro
Game news: Gameloft rules mobile market
Nokia re-enters key S.Korean market, shares up
"Game" creator pitching makeover to save show
Sri Lanka expects economic growth to drop
Trial opens in HK celebrity sex photo scandal
Japan to spend more than $99 bln in new stimulus
Japan's Nikkei index up for fourth day
Report: Cell phone users in NKorea reach 20,000
Indonesian military plane crashes; 24 killed
Indonesian military plane crashes; at least 17 die
Indonesian pilot sentenced to 2 years for crash
Indonesian military plane crashes with 24 on board
Indonesian military plane crashes into hangar
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01