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Chinese government and China's Securities Regulatory Commission issues a scathing criticism of pwc accounting firm's audits of Evergrande real estate company. Evergrande went into bankruptcy on a huge scale and pwc's audits failed to disclose what was happening at the company when apartments that were not built or not completed were considered as revenue. This disguised the problems at the company  leading to huge losses and affecting the entire Chinese economy that depended too much on construction for GDP growth.

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WSJ reporters Yoon and Martin report from Pyongyang and Seoul about the vast changes and modernization that is coming to North Korea as the country learns lessons about the failures in the past. Aid from Russia and China, shipments of goods from a now industrialized China means that North Korea was posed to change in a short time if it took decisive steps to improve industry and the standard of living of the people. About $10 billion from Russia and support from China have made a difference. This means the kind of instability of a nuclear powered but poor and isolated North Korea, is less visible today than at previous periods in the last 50 years. This is happening with tighter sanctions than ever on North Korea by the US and EU nations. China and Russia have provided major inputs for the changes in North Korea and the concern for the living standards of the people that is visible today according to these reports.

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Guardian Bikes in Indiana factory was shifted in reshoring to the US in 2022. By 2026 it hopes to change the situation from 90% Chinese parts to 60% of the parts made in the US and prices still within reach for American buyers of $199-$399 for childrens bikes. Other bike makers are hesitating, and some have moved to Taiwan from China.

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Foreign Minister Wang Yi of China says DJT and XI have "set an example" through their efforts and communication and "put [China-US] relations back on the right track after ups and downs." This sets the stage for the US president to visit China on March 31 -April 2, even as the US and Israel are at war with Iran over its use of ballistic missile programs and development of nuclear weapons. The US president also says he has talked to president Putin of Russia recently on March 9, saying that Putin has offered his help.

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VW's plan for recovery in China- more new models, the Jetta's adapted version for China, responding to competition.

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In the first quarter of 2011 consumer demand for gold in China increased by 47% over the prior year quarter to 233 tons, according to the World Gold Council's data. Most of this is for jewelry accounting for 64% in 2010, with gold bar demand increasing as an hedge against inflation. Orlik points out that if inflation decreases from the existing level of 5.3%, and with the increase in wealth management products from Chinese banks, the demand for gold may not be sustained as it offers no return. He says urban resident demand may have reached its peak and there is not much demand from the rural population. Central bank purchases to shift a small part of foreign exchange reserves to gold is the only other factor for a push up in gold prices.

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Iran's frozen assets mostly in China and India for recent purchases of oil an estimated $20 billion in China $15 billion in Iraq and $7 billion in India. A total of $56 billion in these assets are an issue being negotiated in peace talks. Iran needs the funds to stabilize its currency and tackle inflation say Iranian economic ministry officials.

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WSJ Editorial Board on the Media's obsession with "Results" for the XI-DJT meetings when mutual respect and understanding was a key goal achieved. China's goal was clear from the start. It was that the US would recognize China for its achievements in manufacturing and infrastructure, in science and technology in the last 100 years. General Joe Stilwell who was the leading American in China in the first half of the 20th century, FDR's man in China, and who had a deep affection and attachment for the Chinese people and culture. Stilwell could not have been more gratified by the presence of the American president in Beijing after the struggles China has seen in his lifetime against the Japanese invasion and the struggles inside China for the road to industrialization in the second half of the 20th century. 

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In this interview with Gerald Seib of the WSJ, U.S. president Obama responds to criticism within his party as he pushes for the Trans Pacific Partnership free trade agreement with Japan and other countries in Latin America and Asia. European nations and India have joined the Asian Infrastructure Investment Bank setup by China, creating pressure for the U.S. to respond to China's influence in the region. The interview shows president Obama taking the criticism from inside the Democratic party personally about his lack of concern for middle class and working class families during his six and half years in office.

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China responds to a U.S. threat of tariff of 10% on additional $300 billion of exports to the U.S. by suspending all agricultural imports from the U.S.