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Category: Business

Metzl: U.S. Currency Bill Addresses 'Massively Undervalued' Yuan

Business

“We are harming you. But if you defend yourself, you're going to start a fight,” said Asia Society Executive Vice President Jamie Metzl, referring to the proposal by the U.S. Senate aimed at punishing China for keeping the yuan undervalued. In an interview hosted by Matt Miller on the Bloomberg television program Fast Forward, Metzl debated the China currency bill with Dan Ikenson, associate director for trade policy at the Cato Institute.

Orville Schell Discusses US-China Trade on Bloomberg

Orville Schell
Business

Orville Schell, Arthur Ross Director of the Asia Society's Center on U.S.-China Relations, appeared on Bloomberg's Taking Stock podcast Thursday to discuss the effects of Sino-American trade. While the relocation of so many manufacturing jobs to China has fundamentally altered the structure of the U.S. economy, Schell believes blaming China for America's current economic malaise misrepresents the true situation.

Chinese Investments in the Empire State: Foreign Invasion, or Good for the Nation?

The Freedom Tower under construction at 1 World Trade Center, where Chinese investors have signed major leases. (Dan Nguyen/Flickr)
Business

Massive real estate investments from Chinese companies might stir anxiety in some, but the income is helping.

Karabell: Developing Countries Key to Curing Economic Woes

Indian stockbrokers react as they monitor share prices during intraday trade at a brokerage firm in Mumbai on August 5, 2011. Indian shares plunged by nearly four percent to its lowest point in over a year, triggered by US economic worries and the European debt crisis which have spooked world markets. (Indranil Mukherjee/AFP/Getty Images)
Business

Asia Society Associate Fellow Zachary Karabell took stock of Thursday's market crash in The Daily Beast:

Chinese Investors 'Rescue' Small U.S. Companies 'From a Very Tough Economy'

Detail view of China's 100 yuan note. (David Dennis/Flickr)
Business

U.S. companies recieved $5 billion in Chinese investments in 2010, but it "may be only the beginning of a tidal wave of direct Chinese investment in American businesses," James Flanigan wrote yesterday in a New York Times article on Asia Society's recently released special report, "An American Open Door?"

Orville Schell: China's Direct Investment in Latin America a 'Tipping Point'

China's Vice-President Xi Jinping (L) is seen alongside Cuban President Raul Castro (R), on June 5, 2011 at Revolution Palace in Havana. China has investments in transportation, oil, appliances, communications and tourism in Cuba. (Alejandro Ernesto/AFP/Getty Images)
Business

Orville Schell spoke with the Associated Press about China's recent Latin-American investment spree, and what it could mean for international trade.

Simon Tay: Does Asia Need the IMF?

Asia Society Global Council Co-Chair Simon Tay speaking in Hong Kong in fall 2010. (Asia Society Hong Kong Center)
Business

If the IMF refuses to recognizes Asia's place in a changing world, says Simon Tay, then Asians shouldn't hesitate to look for alternatives. 

Ongoing US-China Talks Add to Interest in Report on Chinese Direct Investment

Cover of China's <em>Century Weekly</em> magazine for the week of May 17, 2011.
Business

Asia Society report attracts attention during the Strategic and Economic Dialogue between the United States and China.

U.S. Commerce Secretary Lauds Report on Chinese Investment, but has Harsh Words for China

U.S. Commerce Secretary Gary Locke. (Jim Watson/AFP/Getty Images)
Business

Speaking at the launch of an Asia Society paper entitled An American Door?, Gary Locke, nominated to be the next Ambassador to China, warned that China has been "narrowing its commercial environment" to U.S investors.

Should America Be Afraid of Chinese Investment?

US Secretary of Commerce Gary Locke, shown here in Washington, DC in Jan. 2011, delivers the keynote at Asia Society's report launch in DC on May 4, 2011. (Karen Bleier/AFP/Getty Images)
Business

Is the US prepared for direct investment from China?