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Taxpayers must pay the freight for over-budget train projects
Topic - U.S.-China Business Council
Despite China's rapidly expanding global reach as an economic power, it may be losing a little of its luster as a magnet for U.S. investment dollars.
A noisy cultural moment, and a lucrative one: China has embraced Harley-Davidson motorcycles. Witness the fact that 1,000 Chinese Harley lovers recently roared into Qian Dao Lake, Zhejiang Province, decked out in black leather, skull masks and Viking warrior helmets. Or no helmets. The Beijing-style bikers were there to celebrate the 110th birthday of the iconic, all-American brand.
Visiting Chinese Vice President Xi Jinping, in line to be China's next leader, said Wednesday that Beijing welcomes U.S. efforts to assert influence in the Asia-Pacific region, but that Washington must also respect the interests and concerns of China in its own neighborhood.
Chinese President Hu Jintao sought to assure U.S. business leaders on Thursday that his country is an economic partner and not a military threat to America or anyone else. But he rejected foreign interference on issues such as Tibet and Taiwan.
Business leaders are debating what the future holds for China's economy as foreign companies there face increasing frustrations owing to new restrictions imposed by the communist government in Beijing.