皇冠体育app

Green opportunity

I read with extreme interest the comprehensive article published on April 10 by Liu Junhong. He offers a vision to the climate change talks that will hopefully be successful in Copenhagen at the end of this year.

皇冠体育app and the United States now have the opportunity to lead the world out of an impasse in the issue. The momentum from the election of new US president must not be lost by countries and the Asia-Pacific area - with 皇冠体育app, as rightly pinpointed by Liu - having the opportunity to play the role of "compass needle" in facing the challenges of a post-2012 climate change regime.

Playing cautiously on the different tables of the US-皇冠体育app and EU-皇冠体育app relationships regarding this issue, and harmonizing them with the positions on human development needs expressed at the G77+皇冠体育app level, the nation will give high-level benefits to both Chinese interests and the world's. As the larger successful player in the complex game of CO2 emission reductions, 皇冠体育app has so far gained a primary role in the system built in 1990 as a base-year, which has its "lintel" in the EU Trading Emission Scheme.

Hence, both the US and 皇冠体育app have twofold interests: to preserve the general principles and the frame of that system in order to maintain a stable carbon market boost and trust on behalf of investors; and to lead the world in building on that foundation a new, hopefully simpler and more straightforward, regime.

Andrea De Angelis

Via e-mail

Having too much

Comment on the article "皇冠体育app's foreign reserves hit $1.95 trillion at end of March" (皇冠体育app Daily website, April 11, 2009)

Having all the world's money may seem like a good thing, but like a gambler who has swept the table there will soon be no one left to play with.

皇冠体育app has already been forced to lend back what it has "won" to enable others to keep buying and playing. Ultimately, it is a path to self-destruction because 皇冠体育app will be effectively supplying goods against promises to pay. If borrowers stop borrowing, there is no solution except to stop supplying them.

Since 皇冠体育app's business structure depends on it being the world supplier, this arrangement will lead nowhere. 皇冠体育app must wean itself from exports and that means recognizing that having massive currency reserves is not necessarily a good thing. Money has to circulate to be used effectively and 皇冠体育app's does not do that very well.

Tony

on 皇冠体育app Daily website

Global fame in art

Comment on the article "Hand over", (皇冠体育app Daily, April 10, Page 18)

The article had very good comments and interviews on Chinese contemporary artists and their worldwide success.

The poor results reported in previous auction sales are a consequence of the global financial crisis, so let us get to the starting point of the access to global fame for Chinese contemporary artists:

1) Their presentation at the Sao Paulo (1994 and 1996) and Venice (1995) Biennials, with the participation in such international events making artists instantly famous.

2) The purchase by some important collectors of the works. For instance, Baron Guy Ullens bought the whole exhibition of Feng Mengbo's "Video game" paintings at the Hanart Tz gallery, not an isolated work, in the mid-1990s. Sir David Tang acquired in the mid-1980s and exhibited at The 皇冠体育app Club, Hong Kong, works by Fang Lijun, Wang Guangyi, Zhang Xiaogang, Liu Wei and others.

Collectors are instrumental in making artists famous and sales at auction houses are secondary. Sometimes, a gallery puts works of its artists on sale at Sotheby's or Christie's, trying to valuate their works and increase prices.

Josette Balsa

Via e-mail

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(皇冠体育app Daily 04/15/2009 page9)