Translations: Train Incident Becomes Metaphor for Principled Disobedience – “Smash That Window, and Take a Breath of Freedom!”
A man who used an onboard emergency hammer to smash a hole in the window of a stalled train to...
overheating
Translation: The Death of a Courier on Earth’s Hottest Day on Record
Sunday, July 21 was the world’s hottest day on record, a title it held for only 24 hours. While current record temperatures are fueled by many coinciding factors—an El Niño climate pattern, high solar output, and even,...
CCTV Lauds Workers “Battling the Heat” For Xi Jinping’s Pet Project
A CCTV report posted to Bilibili celebrating construction workers laboring in extreme heat came under severe criticism online this week. The report focused on workers in Xiong’an, Xi Jinping’s pet urban development...
Record Heat in Central China Causes Power Shortages, Economic Strain, and Suffering
A massive, months-long heat wave has scorched regions in central China. Intense droughts and evaporating water sources have choked energy supplies in several regions reliant upon hydropower, causing widespread power cuts and...
A Former Premier of China Speaks
At The Atlantic, Damien Ma translates some “classic quotes” from a new collection of Zhu Rongji’s speeches and letters: “You (referring to cadres) are neither diligent nor independent. You go out drinking...
Risks of Overheating is Over for China
From Economic Observer Online: China has averted the threat of its economy overheating, concluded a recent report issued by China’s State Information Center (SIC) on the country’s present economic situation. The...
China’s Monetary Policy Is `Too Tight,’ Bankers Say
From Bloomberg: Chinese bankers say monetary policy is too tight and their expectations for interest rates to rise have eased, a central bank survey showed. Policy is “tight” or “too tight,” according to...
China’s Economy Still on Blistering Pace
The Shanghai stock market index slumped badly these days. Although the economy seems cooler now, the inflation is still high. The government has heavy pressure on macro-economy adjustment. From Los Angeles Times: China’s...
Small Investors In China Get A Lesson In Stock Bubbles
From International Herald Tribune : A year ago, investors like Guan Ling were ebullient. The mainland Chinese stock markets had climbed about 500 percent in two years, setting off a stock buying frenzy. When experts periodically...
China Turns to Economic Controls
An article from AP via Newsweek discusses China’s approach to its inflation problem, and also explores the possible consequences of the use of governmental controls in a capitalist economy. Fighting stubbornly high...
China’s Parallel Universe Fades – Geoff Dyer
From The Financial Times: There have been many casualties in the past few days of stunning share price declines and one of those could be the idea that the Chinese market operates in its own parallel universe. Mainland shares had attracted a huge amount of overseas interest in recent months, not just because of the […]
China Wonders if Its Stock Boom Is Over – David Barboza
The New York Times writes about fears that the sudden downturn in China’s stock market will create instability in the run-up to the Olympics: This country’s young stock market, which only came into being in 1990, has been prone to frenzied and hysterical buying and selling. Big price swings are closely watched, not just by […]
Photo: An Attempted Suicide on Wangfujing as the Stock Market Fell – Dwnews.com
A man tried to commit suicide in Wangfujing business center in Beijing, when the Chinese stock market slumped recently. A group of policemen hurried there and tried to save him. From forum.dwnews.com , produced by animoto:
China’s Cabinet to Set Price Controls – Reuters
From Reuters via The Financial Times: China’s cabinet said on Wednesday that it would temporarily intervene in the market to curb price rises of basic necessities like food, underlining its concern over mounting inflationary pressures. China is currently facing its worst consumer inflation in 11 years, driven largely by soaring food prices. Inflation has sometimes […]
China’s Central Bank Chief Reaffirms Tight Money Policy for 2008 – Reuters
From Reuters via International Herald Tribune: China’s central bank will implement a tight monetary policy in 2008, using a range of tools to keep a check on liquidity, the central bank governor, ?Zhou Xiaochuan , reaffirmed. The People’s Bank of China has waged a war on excess liquidity and inflation in 2007, raising interest rates […]
Banner Year for China Stocks – AP
From AP via CNNMoney.com: China’s stock market wound up a stellar – and turbulent – year Friday, with its benchmark Shanghai Composite index having soared nearly 97 percent, making it the world’s best-performing major stock index in 2007. But worries that authorities will raise interest rates or take other steps to cool the country’s blazing […]
China’s IPO Juggernaut Thunders On – Sundeep Tucker
The year of 2007 is regarded as a year of overheating for the Chinese economy, especially in the financial market. This year, IPOs and domestic merger and acquisition activities in China increased continually. Overseas investors are envious of the booming capital market in China; however, they are also cautious about the future success of capital […]
China to Order Banks to Raise Cash Reserves – David Barboza
From New York Times: China said today that for the 10th time this year, it would order banks to raise the amount of cash they set aside, in order to curb inflation and prevent the economy from overheating. The Central Bank said that it had ordered banks to increase their reserve ratios by a full […]
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