It was said that one of the purposes to oust Chen Liangyu was to cool Shanghai’s economy, particularly the real estate sector. According to Apple Daily, echoing the central government’s policy of tightening the property market, local governments one after another released news about declining property prices. Shanghai’s property prices, which have been at their […]
Read MoreFrom ESWN blog: A group of mainlanders attacked two reporters from Hong Kong outside the Shenzhen Fuhua Hospital on Tuesday while the reporters were covering a compensation lawsuit over the hospital’s use of a toxic gel (PAAG) in breast enhancement. The reporters, from two Hong Kong television stations, were surrounded by at least 10 people […]
Read MoreFrom Financial Times: The California Public Employees Retirement System, the largest US public pension fund, is considering investing for the first time in Chinese companies, aiming both to capitalise on the country’s booming economy and to raise its exposure to emerging markets. Such a move by Calpers, which has not invested any of its $208bn […]
Read MoreFrom the Wall Street Journal: Two of the Senate’s leading China critics signaled a willingness to avoid confrontation in a long-simmering currency dispute, after a fresh appeal from the Bush administration to delay action on a bill to impose a hefty tariff on Chinese-made goods. The legislation reflects widespread concern on Capitol Hill about China’s […]
Read MoreFrom Financial Times: The Shanghai government was in turmoil on Tuesday as a corruption probe that prompted the dramatic sacking of the city’s leading official on Monday appeared to deepen. To prevent any suspects leaving the country, senior Shanghai officials were ordered to hand in their passports while an investigation into corruption at the city’s […]
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