Thomas Friedman: The Great Unraveling

Writing from Hong Kong, Thomas Friedman discusses the Madoff scandal, and relates it to the different approaches the U.S. and China have taken toward managing the end of communism and the rise of capitalism: It is both...

In China, a Move Against Privatization – Charles Hutzler

From The the AP, via the Washington Post: A group of Chinese scholars and retired officials has petitioned China’s legislature to halt the privatization of state companies, arguing it has widened the country’s income gap and fueled social unrest, a petitioner said Tuesday. The petition strikes a discordant note just weeks before the annual session […]

China’s “Larry King” Ends Silence on Show’s Demise – Reuters

From Reuters via the New York Times: A popular television host known as China’s Larry King said on Wednesday that Shanghai authorities pulled the plug on his talk show this year to prevent him from exposing a sensitive case of local official corruption. In his first interview with Western media since being forced off of […]

Privatized housing impedes cooling efforts – John Ng

From Asia Times: Housing privatization in Chinese cities, which only began in the early 1990s, has proceeded at an amazingly fast pace. After a mere 10-plus years, more than 80% of Chinese urbanites now own their dwellings. While the Chinese media boasts that the proportion of private housing in Chinese cities is now higher than […]

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