Chinese Vice Premier arrives in North Korea

Chinese Vice Premier arrives in North Korea

The Chinese vice premier, Li Keqiang, arrived Sunday in Pyongyang on the eve of a meeting between U.S. officials and North Korea in Geneva to discuss the nuclear program. Li Keqiang, ready to succeed Wen Jiabao in 2013, believes that his visit would help revive the six-party talks on the denuclearization of North Korea, according […]

China Gives Renminbi More Freedom

China Gives Renminbi More Freedom

The dollar is still the number one currency. However, China is working to change that and needs to strengthen the role of its own currency. Beijing wants to boost its currency with a new role, the renminbi (yuan) in international payments and thereby reduce its dependence on the dollar. To achieve this, the government will […]