| Abstract: | Answering the U.S. threat to classify China as a currency manipulator, Chinese Premier Wen Jiabao said China will maintain the yuan at a relatively stable level and on a reasonable basis, while any trade protectionism under the guise of currency manipulation should be condemned. China’s sovereign wealth fund made another major investment in a U.S. power company in addition to its previous interest in financial institutions. Foreign direct investment in China rose slightly in the first two months of this year. Google remains unresolved in its decision to leave or continue operating in China. Netizens strongly opposed the construction of a maglev train connecting Shanghai and Hangzhou, complaining that the project was a waste of money. |
