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Burgeoning carbon offset industry in East Asia

Michael Figueroa's picture

New York City Mayor Michael R. Bloomberg was at the World Bank’s Washington, DC headquarters last Thursday to speak on elements of the Big Apple’s success in attracting “the free, global movement of labor, capital and ideas.”  Bloomberg noted that New York has joined more than 700 other American cities in pledging to meet Kyoto protocol standards for carbon reduction – in sharp contrast to the current U.S.

Seeking Public Input in China

Shanthi Kalathil's picture

Interesting news from China: Xinhua reports the State Council has set up a section on its website to invite public opinion on draft laws and regulations. So far, says Xinhua, the website has collected opinions on seven sets of draft regulations and received 16,888 opinions from more than 9,000 people.

Is China de-linking from the U.S. economy?

David Dollar's picture

The year 2007 was an important milestone in modern economic history.  While the U.S. grew well, China contributed more to global GDP growth than the U.S. did.  That pattern is likely to continue for the foreseeable future.  Roughly speaking, the U.S. economy is about four times the size of China’s.  If the U.S.


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