Originally published on Thu April 19, 2012 3:53 am
The $760 million factory is part of Ford's plan to double its production there by 2015. The new factory should up Ford's production in China to 1.2million cars — about half of what it produces in the U.S.
China is gripped by a tale of murder, betrayal, flight and intrigue that threatens the stability of the entire nation. At its heart is the death of a 41-year-old British businessman in a hotel room in the city of Chongqing last fall. The scandal has brought down a high-flying Chinese politician, Chongqing's party secretary Bo Xilai, and his wife, with China's state-run media hinting at their corruption and abuse of power.
They fear what might happen if Tibetans were allowed to live freely and others under Chinese rule started to demand more respect for their rights. That has meant, he said, that "they ignore ... reality and they impose their rules. ... That's the problem."
We're going to hear now from a religious leader revered by Tibetan Buddhists and admired by countless others - the 14th Dalai Lama. A year ago he stepped down as the political leader of Tibet's government in exile to devote himself to spreading a spiritual message of compassion and peace. Still, he's been drawn into talking about violence since a wave of deadly protests swept through the Tibetan areas of China.
The action by China's central bank widens the range at which the currency can be traded on the international market. The move is seen as seen a step toward addressing foreign complaints that China was suppressing the value of its money to boost Chinese exports, and hurt foreign imports.