From Financial Times: With the passage through the Chinese parliament in the coming days of an innocuous-sounding bill on corporate tax, Beijing will be drawing a symbolic close to nearly three decades of ¬≠policies favouring foreign investment. Companies with part foreign ownership and projects in nearly 60 specially designated economic zones at present pay a […]
Read MoreFrom the New York Times: Chinese businessman Cao Yanglin let his lunch of slow-cooked beef rib with truffle puree and lemon cream sauce go cold as he talked about his gambling spree the night before at the baccarat tables in Macau — the world’s new epicenter for gambling. The 58-year-old property developer said he won […]
Read MoreFrom International Herald Tribune: When Sports Illustrated‘s swimsuit issue hit the newsstands last week in China for the first time, with the sexy singer Beyonc√© on the cover, the competition was fierce. Readers here had already seen the February issue of For Him Magazine, which features a Chinese singer named A Duo on its cover […]
Read MoreFrom Time: Old Zhao, his fellow miners called him — a weary-looking man, 54, wearing a yellow safety helmet and a miner’s lamp strung around his neck, black coal dust embedded in the lines on his forehead and lightly...
Read MoreFrom xinhua via China.org.cn: Close on 5 million people and more than 2.5 million head of livestock on the Chinese mainland are suffering drinking water shortages as drought continues to grip parts of the country. Shandong, a major agricultural province on east China’s seaboard, has been suffering from drought since autumn. In Guizhou, a land-locked […]
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