From the New York Times (link) The Chinese automaker that has joint ventures with General Motors and Volkswagen announced details Monday of plans to sell its own cars in China later this year and to export cars to Europe next year. The plans highlight how Chinese companies, no longer satisfied with using cheap labor to […]
Read MoreFrom the New York Times (link) This winter, Liu Xianhong’s life was changed for the second time by her infection with AIDS. The first time was seven years ago, when she discovered that she, along with her newborn son, had contracted the disease through an infusion of contaminated blood given to her during childbirth. Then […]
Read MoreFrom Bloomberg (link) The yuan’s decline today may signal China’s intention to thwart speculators betting on a gain before President Hu Jintao visits Washington, said ABN Amro Holding NV. A repetition of yesterday’s gains, which took the yuan to within 0.03 percent of 8 against the dollar, would have breached that level. The central bank, […]
Read MoreFrom BusinessWeek (link) When a well-connected friend in Shanghai told me he could score some really excellent tickets for the Rolling Stones long-awaited debut concert in China on Apr. 8, I was in a state of rock ‘n’ roll nirvana. “These are really V-V.I.P. tickets,” he assured me a week before the concert. It looked […]
Read MoreFrom MSNBC (link) Most cities would be happy to open a multimillion-dollar museum for art, history or science once a decade. Beijing has just unveiled two. The Beijing Capital Museum, in a sleek building with an airy foyer soaring five stories high, features exhibits that include a full-scale copy of one the city’s old residential […]
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