From Financial Times: Intense competition in China could prevent foreign banks from profiting from their investments in credit card and mortgage ventures for another 10 years, according to a KPMG report. More than 70 overseas banks now operate in China, having invested billions of dollars in the sector over the past five years. Several have […]
Read MoreFrom the LA Times: Little P is a red-haired joker with a robot dog and a mind bursting with rebellion. She has a closet filled with tight, midriff-baring clothes. Her biggest worry is getting fat. Meet Bad Girl, a cartoon aimed at a generation of young Chinese raised on a diet of imported video games, […]
Read MoreFrom LA Times: China is on the road to democracy, but not necessarily to Western-style democracy, China’s premier said Friday, citing the country’s unique concerns and the challenge of operating within a socialist framework. During a rare two-hour meeting with journalists in the cavernous Great Hall of the People, Wen Jiabao delivered a series of […]
Read MoreFrom The Christian Science Monitor: Of all the steps that China has taken away from its Communist past since reforms began nearly 30 years ago, few have boasted the symbolic power of the law that parliament is due to pass next Friday. The Property Law, for the first time since the 1949 Chinese revolution, offers […]
Read MoreFrom International Herald Tribune: Seated cross- legged in her farmhouse on the kang, a brick sleeping platform warmed by a fire below, Meng Shujing lifted her chin and sang a lullaby in Manchu, softly but clearly. After 5 children, 14 grandchildren and 5 great-grandchildren, Meng has the confidence that comes from long experience. “If you […]
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