Is China's economy in trouble? - The Economic Times

Is China's economy in trouble? - The Economic Times: What's more, there are further signs of trade hostilities from Washington, where the impulse is to blame China's cheap exports, at least partly, for the U.S.' continued high unemployment. On Thursday, a bipartisan group of senators announced that they would pursue legislation requiring the Obama administration to confront China more directly on currency policy. They want the White House to push harder for China to allow its currency, the renminbi, to appreciate.

If China does allow its currency to rise more quickly and if its trade surplus narrows, that could help economies elsewhere. But too much of a slowdown in China could simply add to the world's financial gloom.

In China, anger rises as the economy falls - Los Angeles Times

In China, anger rises as the economy falls - Los Angeles Times: "Laid-off toy company workers smash windows and computers and overturn police cars in Guangdong province. Employees of a liquor company in Harbin travel to their company's Beijing headquarters to demand back wages. Taxi drivers, as many as 20,000 of them, scuffle with police in protests that have spread into seven provinces."
 The economic downturn is hitting hardest in places like Dongguan, where factories once churned out toys, shoes and clothing to satisfy the seemingly insatiable demand of American consumers. Now demand has plunged because of the U.S. recession and the scandals over tainted foods and dangerous toys produced in China.

U.S.-China Crisis: From "Gunboat Diplomacy" to Confrontation

 "The US-South Korean war games were said to be aimed at preventing a repeat of incidents like the sinking of South Korea's Cheonan warship and maintaining peace on the Korean Peninsula. However, the war games were more than enough to intimidate the Democratic People's Republic of Korea....They were actually a show of force against China...."  [2]

U.S.-China Crisis: From "Gunboat Diplomacy" to Confrontation