Bill Austin News
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Kim Jong Il, the second-generation North Korean dictator who defied global condemnation to build nuclear weapons while his people starved, has died, state media reported. A government statement called on North Koreans to “loyally follow” his son, Kim Jong Un.
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China’s Vice President Xi Jinping may be appointed today to help oversee the 2-million-strong armed forces, strengthening his position to be the next leader of the world’s most-populous nation.
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A bill punishing China over the value of the yuan may well pass in the U.S. Senate, with Congress submitting it to President Barack Obama for his signature, Senate Finance Committee Chairman Max Baucus said.
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By most measures, Zhejiang Gonow Auto Co. was one of China’s private-enterprise success stories. Established in 2003, the company produces microvans popular with farmers and sells pickup trucks as far afield as Iran and Peru.
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China’s reluctance to restrain North Korea comes with a price, putting it at odds with its three biggest trading partners and threatening to drive South Korea and Japan into a closer alliance with the U.S.
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Japan said it has no evidence China resumed exports of rare-earth metals, which were disrupted last month during a territorial dispute that soured relations between Asia’s two largest economies.
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Chinese Vice Finance Minister Zhu Guangyao said the U.S. Federal Reserve’s decision to pump $600 billion into the economy might “shock” emerging markets by flooding them with capital.
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Three drone attacks in Pakistan’s northwestern Khyber Agency killed 20 suspected militants from the Lahkar-e-Islam group, including a commander, Geo TV reported without citing where it got the information.
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China said it will be difficult to repair ties with Norway following the awarding of the Nobel Peace Prize to jailed Chinese writer Liu Xiaobo .
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China’s Communist Party leaders clustered behind closed doors in Beijing today to discuss economic planning and personnel changes that may decide the nation’s next leader and the scope of any political reforms.
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