
| THE NEXT FACE OF CHINA An Opinion by Charleston C. K. Wang During the last decade, China astounded the world with an annual economic growth rate of around 10%. Presently, China is abundantly supplying the world with a cornucopia of affordable goods. This trade has created an emerging Chinese capitalistic class, and also fueled an expanding demand within China for raw materials, including oil. Economic prosperity has reignited a national pride that China yearns to showcase in the Summer Games. However, China is also straddled with internal conflicts, the most currently visible being the Question of Tibet. Can a totalitarian, godless state under the hegemony of the communist party withstand the aligned wills of the ancient gods of Mt. Olympus and those of the Himalayas with its peak at Mt. Qomolangma? This question must be on the minds of U. S. Secretary of the Treasury Henry Paulson and his Chinese hosts as they met once again for Strategic Economic Dialogue during the first week of April. While Mr. Paulson must be most concerned about stimulating economic growth for America in the face of cyclical recession, the political conundrum of Tibet is ever present. At this juncture of the fates, I see the need for continued vigil - the emergence of China as a 21st century economic superpower raises the inseparable question of what will be the next political face of China? From the beginning Karl Marx proclaimed a fundamental contradiction between capitalism and communism, an ideology now discredited by most nations. There appears an inevitable certainty that China’s political system must change to keep pace with her burgeoning capitalistic base. Under the light of 20th century experience, especially from a western perspective, it may seem that China has two options from which to choose (1) Democracy, or (2) Fascism. Clearly, it is in the national interest of the United States to continue to engage China economically, politically, and along all other facets. Through determined dialogue and astute economic incentive, America should continue to promote the virtues of democracy and demonstrate its suitability for sustained economic well-being. Only time will reveal the next face of China. Perhaps, as China is a cradle of ancient enlightenment well before the Renaissance of the west, the Chinese can reveal to the world yet another political theory that the World will call good. A version of this article was published as a Global Outlook in the Cincinnati Business Courier on May 9, 2008. |

| PRESIDENT BARACK OBAMA WALKS THE WALK ON THE GREAT WALL OF CHINA. The last thing that President Barack Obama did during his first visit to China was to take a solitary stroll on the ramparts of the Great Wall of China. During those precious quiet minutes alone, what thoughts could have crossed his mind? Earlier, many hefty issues were raised with Hu Jintao, President of China and General Secretary of the Chinese Communist Party. Trade and currency, censorship, human rights, global warning, military cooperation, – these and others were broached and none conclusively resolved. Our President must have sensed a more muscular China, flexing and pushing harder against a United States still struggling at home with high unemployment and a high federal deficit. Could his mind’s eye wander back to that oversized portrait of Mao ZeDong still framing Tian An Men? If he did, he must have recalled the most famous, indeed, infamous of dicta of China’s Great Dictator – “Political Power Grows Out of the Barrel of the Gun.” If he did, he could have taken genuine comfort and even inspiration knowing that by his initiative and display of humility, he has taken great steps towards disarming the dead hand of the Chairman. When two mighty nuclear armed nations engage in dialogue, however chilly and seemingly unproductive, they are unlikely to resort to armed conflict, however great the differences. And the dialogue must and will continue. Did Obama think of another wall of recent memory – the Berlin Wall? If he did, he must have recalled the clarion challenge issued by President Ronald Reagan: “Mr. Gorbachev, tear down this wall.” If he did, our President must have smiled to himself and said very quietly “Mr. Hu, I shall be back.” And the World will be a better place for it. An Opinion by Charleston C. K. Wang, November 23, 2009 |
| Photo above: On 5/15/2006, members of Greater Cincinnati Chinese Chamber of Commerce and other community leaders gave a warm welcome to the Ambassador of China, His Excellency and Mrs. Zhou (seated 3rd and 2nd from right). Ambassador Zhou Wenzhong was in town on a mission to promote trade and investment. After meeting with the GCCCC, the Chinese delegation will tour Procter & Gamble, General Electric in Evendale, and will meet with Governor Bob Taft in Columbus. Venue for this event was made available through the courtesy of the Regional Chamber. The Board of the GCCCC voted last week to become a joint organizational member of the Regional Chamber and GCCCC members can enjoy all the privileges and benefits of the Cincinnati USA Regional Chamber for one low price. For more information on joining the GCCCC and for latest on business news and happenings with China, click here. |

| Fact Sheet On the U.S.-China Strategic Economic Dialog This week U. S. Treasury Secretary Henry Paulsen and his team are meeting with a delegation headed by Chines Vice Premier Wu on the second round of Strategic Economic Dialogue. This high powered meeting between two economic giants is based on an agreement between President George W. Bush and President Hu Jintao that reflects the growing relationship between the U.S. and Chinese economies. The intent is to engage in discussions at the highest levels of government which will provide an overarching framework for ongoing productive bilateral economic dialogues and future economic relations. The top level meetings will address long-term strategic issues, as well as provide coordination among the specialized continuing dialogues. The Strategic Economic Dialogue will also be a forum for discussing ways the United States and China can work together to address economic challenges and opportunities as responsible stake-holders in the international economic system. The essential goal of this dialogue is to ensure that the benefits of our growing economic relationship with China are fairly shared by citizens of both countries. The Strategic Economic Dialogue will convene semi-annually in the United States and China, with the first meeting occurring before the end of 2006. Each of the two Presidents will strongly support and take an active role in the strategic economic dialogue. President Bush has designated Secretary of the Treasury Henry M. Paulson to lead the U.S. side of the dialogue. National Economic Adviser Al Hubbard and other members of the President's Cabinet will join Secretary Paulson. Additional U.S. agencies will include Commerce, U.S. Trade Representative, State, Health and Human Services, the Environmental Protection Agency, Energy and others. Deborah Lehr will serve as Special Envoy to the Strategic Economic Dialogue to ensure it receives the attention and continuity necessary to produce meaningful results. President Hu has designated Vice Premier Wu Yi to lead the Chinese side of the dialogue. In that role, she has been given full decision making authority across all aspects of the Chinese economy. To demonstrate the importance of the Dialogue, the Chinese government has created its largest and the highest ranking inter-ministerial working group which Vice Premier Wu Yi will chair, supported by Foreign Minister Li Zhaoxing, Finance Minister Jin Renqing, and Deputy Secretary General of the State Council Xu Shaoshi, as well as the Ministries of Commerce, Agriculture, Health, and Information Industries, the various financial regulators, the National Development and Reform Commission, the People's Bank of China and others. The Strategic Economic Dialogue will help to ensure leaders of the two countries can address critical economic challenges facing their economies, have a forum for discussing cross-cutting issues, and can make the most productive use of the existing bilateral commissions and dialogues. Likely themes of the discussions will include: building innovative societies, seizing the opportunities of global economic integration to assure sustained growth, and the economics of energy and conservation. The United States will also support China in China's goal of building a consumer-driven economy rooted in open markets. The intent of this dialogue is to discuss long-term strategic challenges, rather than seeking immediate solutions to the issues of the day. The discussion of long-term structural issues in the Strategic Economic Dialogue will provide a stronger foundation for pursuing concrete results through existing bilateral economic dialogues and ensuring citizens of both countries benefit fairly from the growing bilateral economic relationship. The new strategic dialogue will provide support and guidance for these existing bilateral economic forums, which will remain essential to managing specialized aspects of the interdependent U.S.-China economic relationship. These high level discussions will enhance, not diminish these existing forums. Bilateral issues will continue to receive full attention, including pressing China for floating exchange rates, greater intellectual property rights, and increasing market access. This Fact Sheet is courtesy of the U.S. Treasury and more information may be obtained at http://www.ustreas.gov/press/releases/hp107.htm |

| Photo above On 5/14/2007, the State of Ohio signed a Memorandum of Understanding for trade promotion with the China Investment Promotion Agency. In photo below is the signing as witnessed by Charlie Zhao (furthest right) President of Greater Cincinnati Chinese Chamber of Commerce and Xiaojie Zavon (VP/ GCCCC on furthest left ). The Chinese Assistant Minister of Commerce, Mr. Chao Wang stands in the center. |


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| Photo below shows Mr. Chao Wang, Assistant Minister of Commerce of China with Ellen van der Horst, President of the Cincinnati USA Regional Chamber of Commerce, Mayor Mark Mallory of the City of Cincinnati and Commissioner David Pepper of the County of Hamilton, Ohio on 05/14/2007. |

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| Photo below: Chris Bortz, a Member of Cincinnati City Council, Charlie Zhao, President GCCCC, & Jim Raussen, Ohio State Representative at the Chinese dinner. |



| Photo below: Chinese dignitaries are entertained by Greg Irwin, Finger Fitness Expert who demonstrated an amazing variety of Chinese juggling and hand tricks. Greg also explains and amuses with his Chinese language. |

| Photo below: Mr. Lee Wong, a Trustee of West Chester Township, Butler County, Ohio, addresses the dinner guests, he being the singular elected official whose speech was made in Mandarin Chinese. Mr. Wong encourages investment and development in West Chester which is a thriving suburban township of 35 square miles with a diverse population of 59,000 and boasting a well balanced mix of residential and commercial development. |


| Photo below: Mr. James Zhang, Dinner Chair opens the dinner by expressing his welcome of the Chinese dignitaries and American guests. |

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| Greater Cincinnati Chinese Chamber of Commerce Welcomes Ambassador & Mrs. Zhou to the Queen City |
Chinese Sculptor Lei Yixin To Create National Martin Luther King, Jr. Monument Lei Yixin, an artist from Changsha, Hunan, China who has received the designation of Master Sculptor, will complete two sculptures at the National King Memorial: “Mountain of Despair,” consisting of two columns at the entrance, and “Stone of Hope,” which contains a 28 foot likeness of Dr. King. Earlier this year Mr. Lei was awarded the contract by the Martin Luther King Jr. National Memorial Project Foundation, Inc., the organization charged with completingthe $100 million project on the National Mall located in Washington, D.C. Shown in photo, courtesy of Mr. Lei Yixin, is the artist with a clay prototype. The awarding of the contract, while being celebrated in China, has drawn a mixed reaction in the United States. Jesse Jackson has asked that the project be made a joint venture with other American artists, amidst protests by artists who argue that an African American or any American sculptor should have been selected for this celebrity project. Among the protesters is Ed Dwight, a former advisor to the King Memorial Project and himself an accomplished sculptor who has completed 7 King memorials, who claim that the award was made in the hope of attracting a $25 million gift from the Chinese Government, an allegation denied by the Foundation. Some Asian Americans have objected for the reason that China does not follow the ideals of Dr. King. Harry E. Johnson Sr., president of the Foundation reported that $82 million of the $100 budget had been raised and that Mr. Lei will be collaborating closely with Jon Onye Lockard and Ed Hamilton, both of whom are African American. Beginning with ceremonial ground-breaking on 11/13/2006, the King Memorial when completed in 2008, will cover 4 acres next to the Tidal Basin. The King sculpture will stand in visual line between the Lincoln Memorial, where Dr. King made his "I Have a Dream" speech at the March on Washington for Jobs and Freedom on 8/28/1963, and with the Jefferson Memorial. |

| A Show of Donna Salyer's Fabulous Furs - The World's Finest Faux Furs Wrapped up an exciting 18th Annual Kentucky International Trade Conference |
| Taiwan, China & Cincinnati USA: A Commentary on Things to Come in 2008 An Opinion by Charleston C K Wang, 1/12/2008 Yesterday, the people of Taiwan cast their votes for a new legislature and gave the opposition National Party (aka Kuomintang) a landslide victory (KMT 81 seats, Democratic Progressive Party 27 seats, Others 5 seats). Facing this debacle, President Chen Sui-Bian promptly announced his resignation as DPP chairman. Democracy again appears to be flourishing in Taiwan. The presidential election in Taiwan is scheduled for March 1 and I hope for another peaceful reaffirmation of the democratic process. For you see, democracy should suit not only the West, but Asia as well. In the meantime, China is feverishly putting on the final touches for the 2008 Summer Olympic Games scheduled to begin on August 8, 2008. By this world event, Beijing intends to showcase China as a world power in sports, economics, and whatever else that makes a Nation such. As a state under the solid tutelage of a single political party, much can be completed in the shortest time towards a national objective, in this case the hosting of tourists and sports enthusiasts from all corners of the Earth. True to the original spirit of the ancient Greeks who "invented" the Games as well as democracy, sports shall replace war, at least for the duration of the gathering under the Sanctuary of Zeus. Meanwhile, back in the USA, certain lawmakers in Congress have declared their intention to use the limelight of the Olympics to focus attention on their various grievances against Beijing. For example, Rep. Chris Smith, (R-N.J.) urged in an interview, "The Chinese want this ‘Show’ - with a capital ‘S’ - to showcase their government to the world. Congress should use that as leverage to ‘bring maximum scrutiny and light to their egregious human rights abuses.’" Global politics once again will scramble to bask under the glory of sports. Meanwhile, back in Cincinnati, Ohio, during the end of December, 2007, the Greater Cincinnati Chinese Chamber of Commerce completed an election for a new Board of Trustees. 17 volunteers were elected to the Board with a vote count ranging from a low of 11 to a high of 16 votes cast. The ballot permitted the caster to vote for 1 or all 17 of the candidates. Never mind the small number of voters, it was a good start - a small but nice tribute to the democratic process. The volunteers deserve our congratulations and the previous individuals who gave of their time and effort, our thanks. Given the global issues that are looming across the Pacific, just three of which are mentioned above, 2008 promises to be an interesting year for the Chinese Chamber. The US will feel the push from China and China will also be discomfited by movements in Taiwan and further west, from the USA. Cincinnati, despite that immortal quip of Mark Twain about our inability to sense the end of the world, surely will also feel every bulge and surge. Global love-hate pressures surely will be felt locally and in all directions. The Chinese Chamber must develop the vision to see what the future portends and maintain the wherewithal to turn the forces of challenge into showcases of opportunity. That famous adage, “Think Global and Act Local” is entirely appropriate here. The leadership of the Chinese Chamber must first think and then rise above personal self interest and pursue broad action for the common good. This means the provision of value to its membership, and the advance of the Chinese American community, and the community-at-large. And all in fair and commendable proportions. A conscientious effort must be made to avoid even appearances of favoritism and conflict-of-interest, maintain budgetary discipline, and provide transparency. Because of global forces from without and narrow forces from within, the pressure for discord is ever present but so are the opportunities to do good. I will observe and report back to you on these fronts as 2008 unfolds. WANGNEWS. |


| ANNE PU, PUBLISHER OF ERIE CHINESE JOURNAL VISITS GREATER CINCINNATI CHINESE CHAMBER OF COMMERCE |

| GREATER CINCINNATI CHINESE CHAMBER OF COMMERCE LUNAR NEW YEAR GALA |



| Playing with Ghosts of the Asian Holocaust On June 7, 2007, former Taiwanese President, Lee Teng-hui, while in Japan,visited the Yasukuni war shrine and prayed in its inner hall because his brother is listed in the Shinto Book of Souls kept there. As Taiwan was under Japanese occupation from 1895 to 1945, his brother served with the Japanese Imperial Navy during World War II, was killed on duty during February 1945 in the Philippines, and is enshrined at Yasukuni. In televised comments, Mr. Lee proclaimed that it was a private affair and asked that his appearance at Yasukuni not be linked with either politics or history. But the fact is that he is a former President of the Republic of China and his politics radically favors an independent Taiwan, separate and distinct from China. In this respect, he will always have his supporters and detractors. Leaving politics aside, there is the greater issue of closing our eyes to history. Beginning in the late 19th century and culminating in defeat in 1945, Japanese imperialism had caused the deaths of tens of millions of civilians and prisoners-of-war throughout Asia with such brutality that these acts are referred to as the Asian Holocaust, or more charitably, Japanese war atrocities. Thousands of those who had played key roles in the atrocities were tried and convicted by Allied war crime tribunals. During the Second World War, Japan was one the Axis powers whose dream of a Fascist new world order cast a dark shadow on humanity across the face of the globe. Their ignominy is an indelible part of modern history. The fact is that while memory of such war crimes in China is particularly bitter (19 million died in the war), atrocities were committed in Asia and the Pacific islands wherever the Japanese military invaded and attempted to secure its conquest. The victims were civilians and military personnel from all over the world. This infamy has caused Japanese politicians to eschew Yasukuni which honors 1068 war criminals of World War II, including 12 top convicts, along with 2.5 million other Japanese war dead. Those Japanese politicians who do visit a memorial tainted with a Fascist legacy are regularly castigated by pubic opinion within their own country and certainly by those in the world who remember. So why would Mr. Lee make such a gesture that many Japanese politicians would think twice of doing? His core motive shall remain known only to himself and to the ghosts of war. The objections of the living can be objectively stated. Mr. Lee at Yasukuni is an affront to the memory of the victims of the Asian Holocaust. Mr. Lee’s presence at Yasukuni is an affront to all humanity who have lost family and friends to the atrocities of that sad period of our history, atrocities which all good people should remember in order they are never again repeated. If Mr. Lee’s true intention is to pay filial respect to his elder brother, in lieu of bowing, praying, and making other obeisance in a foreign shrine, would it not be more fitting for the former head- of-state to request his brother’s symbolic re-interment to a private family resting place in the land where he was born and which Mr. Lee loves so dearly, Taiwan? An Opinion by Charleston C. K. Wang, 6/20/07 |


| CHINESE NEW YEAR 2008 CELEBRATIONS Click on Photo For Complete Photonews Coverage |
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| MAYOR MARK MALLORY WELCOMES ERIE CHINESE JOURNAL TO CINCINNATI |
| Photocredit: Charleston C. K. Wang |

| Ke Ming Playing the Pipa at China Earthquake Relief Fundraising Show 5/24/08 |


| ONE DAY IN JUNE, TWENTY YEARS AGO TianAnMen (6/4/1989)Revisited |


| Photo on left: On 4/6/2009, Charleston Wang presented a lecture at the College of Business Administration of Miami University in Oxford, Ohio. The presentation entitled CONFUCIUS: The Key to Doing Business in the Pacific Rim in the 21st Century was given by invitation for students who will be going on travel-study program to China this summer. A summary of the lecture material may be downloaded free by clicking here. |
| The agony of a changing China |
| A CURE FOR THE AMERICAN MALAISE The Malaise Thanks to all the election finger-pointing and blame-casting at a time when national unemployment hovers around double digits, a realization dawned on me, one that I thought best shared after the New Congress are back in business. As a nation, we are infected with a creeping disease that forebodes more agony unless we confront it for what it is. The malaise is our addiction to debt. Debt is debilitating us collectively as cities, counties, states, and the federal government are unable to balance their budgets. Surely, all this is nothing new to me and to you. The extra realization is that the addiction to debt does not begin with our governments. It all starts at the personal level because it is the addiction to individual over-borrowing that contributed to the subprime mortgage banking crisis which in turn precipitated the last economic recession. This in turn led to worsening deficits in the budgets of all levels of government. We are so inured to the addiction of debt, that few politicians have been willing to even discuss the cure. To reduce a deficit, according to conventional wisdom, one must cut spending or increase income. For the public sector, increasing income means to increase taxes. The problem is even more severe as its tentacles reach beyond our national border. We have run up a chronic deficit in our balance of trade, particularly with China. China thus holds a surplus of dollars which that creditor nation uses to buy our treasury paper which accounts for the imbalance in our federal budget. As of June 1, 2010, China (excluding Hong Kong) owned $868 billion in U.S. Treasuries which is 21% of a total $4.2 trillion held by foreign nations, making it the largest lender to the U.S. Government. Our domestic deficits are exacerbated by our internationalized national debt. When an individual defaults on his or her mortgage payment, the banker has recourse by foreclosing on the house and forcibly selling it to recover the loan. When our government runs a deficit, we have the political expedient of authorizing more debt, this being particularly true for the federal government. But, what happens when a major foreign creditor nation decides to call in its loan? Here we enter uncharted waters. No one knows for sure what will happen and when. Will it lead to a catastrophic loss in the buying power of the dollar, thus unleashing double digit inflation as prices rise in the U.S.? As the U.S. defaults on her international debt, will flaring national tempers lead to war between two superpowers? What if China experiences a burst in its economic bubble and casts about for someone to blame for its misery? The Cure These are some bewildering and frightening scenarios. There is however, a happier alternative. We, as individuals, must once again and at once muster our creativity and productivity to expand the economic base. We did it during the high-tech boom of the 1990's and we can do it again. It means taking stock in ourselves, individually and collectively as a nation with renewed optimism and focused purpose towards generating real value. It means invoking the will to cure ourselves of irresponsible overspending and financial chimeras. It means the gritty, tangible, and clever rebuilding of America. It means drawing upon our demonstrated Yankee prowess for invention through science and innovation if technology. We must work harder and smarter. The cure is found not with our politicians but with each and everyone of us as we go about our daily work. It means not mortgaging our future to another country. And we must do this in a time of peace and never because we are in a world war. Charleston C K Wang 1/11/2011 References: http://www.treas.gov/tic/mfh.txt http://www.treasurydirect.gov/NP/NPGateway |