Because of loss expansion, Electronic Arts plans to lay off 1,100 people
Electronic Arts (Electronic Arts Inc., ERTS) announced on February 4, 2009 that with the expansion of net loss in the third fiscal quarter, the company announced to lay off 1,100 employees, which accounted for about 11% of the total number of employees; moreover, the company planed to shut down 12 labs in order to cut costs.
American expert: Obama Administration will not entangle a struggle for human rights and Tibet issue with China
The report asks American Foreign Policy Council diplomatic expert Donald Zagoria whether the United States will enhance the efforts to animadvert on Chinese human rights, Tibet and other issues, resulting in cooling of bilateral relations? Donald Zagoria replies, the foremost task of Obama government is to revitalize the U.S. economy. It is necessary for the United States to ordinate with China, Japan and the world. There is no benefit for the economy in the United States to animadvert on Chinese human rights, Tibet and other issues.
Hillary said Obama government would conduct a comprehensive dialogue with China
News on January 27: Hillary Clinton, U.S. Secretary of State on the 27th said that the Obama government was willing to conduct a comprehensive dialogue with China on the ready basis.
Hillary said in the first press conference for Secretary of State held by the State Department, “the US-China strategic dialogue started by the Bush administration has been changed into economic dialogue, which is one of the important parts in Sino-US relations, but not the only aspects of relations between the two countries … … and we hope that it will be a broader agenda.”
1.64 trillion Capital withdraws from China and went to the U.S. corporate bond
The data published by U.S. media shows that Chinese capital outflows in the fourth quarter last year reached 240 billion U.S. dollars (about 1.64 trillion yuan), because of the illegal outflow of funds as well as the foreign trade accounts receivable funds and other factors, the capital from China mainly invested in the high-yield bonds of the U.S. companies hit by the financial tsunami. Moreover, some of the capital is deposited in the banks and securities houses.
Li-Wei Zhang: China should reduce the bonds of the United States
As Obama continues to offer a huge economic stimulus package, the deficit size in the United States expands rapidly; while on the other hand, large-scale tax cuts means that the United States is facing increasingly serious bond default risk, the U.S. government may be unable to pay due debt. China shall consider the scattered holdings of U.S. investment.
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