A recent move by the U.S. Federal Reserve to print dollars to purchase U.S. Treasuries (in order to lower long-term interest rates) drew fire from many leaders in G20 countries, who feared the new money would rush into their economies in search of higher investment returns. Many sought to stave off pressure on their own currencies. On November 9, China introduced measures to stop speculative inflows of U.S. money, including new rules controlling equity investments by foreign companies. In this cartoon, posted by artist Fan Jianping (范建平) to his QQ blog, Uncle Sam grins as he packs U.S. dollars into a fat cannon and fires them out into the world.
About The Author
David is co-director of the China Media Project, and editor of the project’s website. He is the author of Dragons in Diamond Village (Penguin), a book of reportage about urbanisation and social activism in China, and co-editor of Investigative Journalism in China (HKU Press). His writings have appeared in the New York Times, the Far Eastern Economic Review, the Wall Street Journal, Index on Censorship, the South China Morning Post and others. He received a Human Rights Press Award in 2007 for an explanatory feature about China’s Internet censorship guidelines. David is a producer of Chinese independent films through his Hong Kong production company, Lantern Films. He has a Master’s degree from Northwestern University’s Medill School of Journalism. Mr. Bandurski is an honorary lecturer at the Journalism & Media Studies Centre at the University of Hong Kong.
Apr 22, 2010
Apr 16, 2010
Dec 5, 2007