From Financial Times: Rupert Murdoch said on Tuesday that his wife, Wendy Deng, was working with senior News Corp executives to help bring the company’s popular MySpace social networking site to China. “We have to make MySpace a very Chinese site,” Mr Murdoch said at a media conference organised by Goldman Sachs. “I have sent […]
Read MoreFrom New York Times: Member states of the International Monetary Fund, yielding to demands from China and leading Western countries, voted Monday to adopt a disputed plan to modify the fund’s power structure and take steps to expand the voice of China and other rapidly developing nations. The modification of the governance of the fund, […]
Read MoreFrom Shanghai Security News via Soho.com, translated by CDT: Zhou Xiaochuan, China’s central bank governor, said today “it won’t be too long before the Agricultural Bank of China is reformed.” Zhou said this in Singapore at an annual meeting of the International Monetary Fund. The bank’s business plan and reform process have been basically decided, […]
Read MoreFrom Shanghai Security News, tranlsated by CDT: According to a report done by Beijing Normal University, the average price for a house in east China has reached 4,000 yuan per square meter. The average household income was between 15,000 and 17,000 in 2005, and the house price-income ratio was about 13. The report also revealed […]
Read MoreFrom Financial Times: Hank Paulson, the new US Treasury secretary, heads to China on Tuesday to make common cause with the country’s economic reformers, who are on the defensive after sustained attacks on market economics and foreign investment. Mr Paulson will open his trip with an unusual gesture when he visits Xi Jinping, the party […]
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