National People's Congress news stories on Newser

China 'Worried' About US Debt

Jason Farago — Fri, 13 Mar 2009 07:45:19 CDT

The dollar and US Treasury bonds fell today after Wen Jiabao, the Chinese premier, voiced concern about the safety of US debt. As the American government's largest creditor, China has asked for reassurances that the US government demonstrate the safety of China's assets. "To be honest," said Wen, "I am...

China Outlines Stimulus Plans, But Offers No New Boost

Jason Farago — Thu, 05 Mar 2009 06:46:45 CST

China's prime minister announced a slate of new construction projects and increased subsidies to keep the country growing amid the global financial crisis. In his annual speech to the country's legislature, Wen Jiabao admitted that China faces "unprecedented difficulties and challenges" and would need to shift policies to push citizens...

China's Military Boost Angers US

Peter Fearon — Tue, 04 Mar 2008 12:00:00 CST

The US and China are clashing over Beijing's increasing defense expenditures, its posture toward Taiwan and its threat to US space hardware, reports the BBC. Beijing officials say they plan to up defense spending by 18% to $59 billion—but a Pentagon report claims the true amount of Chinese military...

China Embraces Private Property

J. Kelman — Fri, 09 Mar 2007 20:57:11 CST

China's burgeoning middle class will be feeling a little more secure next week, when the National People's Congress is expected to pass the country's first property-rights bill. The measure has become a lightening rod for criticism of China’s leadership, with communists using it as evidence that the government is abandoning...