“As China ventures abroad to sustain the world’s fastest economic growth, how the government meets the political and diplomatic challenges that this expansion presents will be a key issue for investors…”
“China’s continued support for countries such as North Korea and Myanmar has also been an irritant in its relations with the U.S. North Korean leader Kim Jong Il and Myanmar President Thein Sein both visited China last week.
China, accounted for 83 percent of North Korea’s $4.2 billion of international commerce in 2010, up from 70 percent in 2009, according to the Seoul-based Korea Trade-Investment Promotion Agency.
Concerns that much of China’s increased clout, including the $3 trillion in reserve assets, more than double the amount held by Japan, is driven by the trade advantages it gets from keeping its currency artificially weak.
U.S. Treasury Secretary Timothy F. Geithner said last year that a bigger say at the IMF should see increased “responsibilities” in the global economy, a hint at China to accelerate currency appreciation.
More than 2,100 institutional investors, representing $15 trillion in assets under management, from over 30 countries will attend the “Ascending New Heights” China conference in Beijing on June 1-3, Ulrich said. “