From China Daily Online (link) China plans to speed up development of derivatives to help companies and financial institutions hedge risks as the country moves toward a more market-oriented exchange rate system, banking regulators said Wednesday. The loosening of the yuan’s decade- old peg to the dollar last year has led to a “significant increase” […]
Read MoreFrom th San Jose Mercury News (link) When discarded computers vanish from desktops around the world, they often end up in Guiyu, which may be the electronic-waste capital of the globe. The city is a sprawling computer slaughterhouse. Instead of offal and blood, its runoff includes toxic metals and acids. Some 60,000 laborers toil here […]
Read MoreFrom the New York Times (link) Heroic opera boomed from huge speakers and white-gloved paramilitary police officers carried elaborate funeral wreaths as senior Communist officials bowed low today before the reputed burial mound of China’s first emperor. The ceremony was a lavish display calculated to woo the Taiwanese public and instill national pride across China. […]
Read MoreFrom the Washington Post (link) China condemned repeated visits by Japanese leaders to a war shrine in Tokyo, saying Tuesday that ties between the two Asian powers were facing “harsh difficulties” as a result. Chinese Foreign Ministry spokesman Liu Jianchao said relations have “failed to improve” in the past year. “The responsibility does not lie […]
Read MoreFrom CNN News (link) Chinese Premier Wen Jiabao was to open talks with eight South Pacific leaders in Fiji on Tuesday — a move one expert said was designed to cement China’s influence in the region and freeze out Taiwan. During a one-day stopover in Fiji, which begins later Tuesday, Wen was due to meet […]
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