From Bloomberg: China’s bank regulator called on the country’s lenders to prepare for currency fluctuations, a day after Central Bank Governor Zhou Xiaochuan said more flexibility will be introduced. The government’s plan to liberalize the foreign exchange market “heightens the need for more products by banks and corporations to hedge their currency risks,” Liu said […]
Read MoreFrom Xian Hui via Yulun Jiandu, translated by CDT: An article in Aug. 29’s issue of People’s Daily introduced a rare touching story: the party branch of Liuhe Township and its government in Qichun County of Hubei Province sold all their three government cars since 2003, in order to have funds to promote agricultural technologies. […]
Read MoreFrom Reuters, another story about the dangers of industrial pollution in China: Thousands of villagers from China’s northwestern province of Gansu have turned up at a hospital with lead poisoning which they say was caused by a local smelting plant, the South China Morning Post said on Wednesday. Quoting the Huashang Daily, the newspaper said […]
Read MoreFrom CRI online: This picture is the Sept. 13, 1963 cover of Time magazine. Headlined “Red China, An Arrogant Outcast”, it portrays a lot of problems in China. On the top of the boat are Mao Zedong, Liu Shaoqi, Zhou Enlai and Deng Xiaoping. In the very crowded, patched dragon boat, people uphold banners reading […]
Read MoreFrom Yulun Jiandu via Hexun.com, translated by CDT (A case study that alerts people who have or want to do business in cities even like Shanghai): Xiao Jilin is the head and chairman of a plastic toys and products factory in Chongming (island) County of Shanghai. But Jindu company was run by his deputy Lu […]
Read MoreFrom Yulun Jiandu, translated by CDT: At Xiayang Village of Haicang District in Xiamen City, Fujian Province, more than 200 mu of the village’s “collective enterprise construction land” was seized for four times by the local government, triggering mass protests, petitions to city, province and Beijing. Now villagers is suing the Xiamen City government, which […]
Read MoreFrom Beijing Review (link): Lao Ding, 40, a doctoral student at the Chinese Academy of Sciences (CAS), had never felt so embarrassed as he began working with a team of young researchers in their 20s in Beijing. Eager to bridge the generation gap and share common topics, Lao bought a DVD of The Promise and […]
Read MoreFrom Yulun Jiandu (link) (translated by CDT): Land should belong to the farmers. But some officials have become “landlords” after shady maneuverings. They are not only paid salaries by the government but also collect rents from the farmers. The local government of Fujin City of Heilongjiang Province has already become the biggest “landlord” in the […]
Read MoreESWN has translated an article (link) by prominent Chinese journalist and former managing editor of Southern Weekend, Qian Gang, about the connections between Liu Binyan and the restructuring of Freezing Point: Number 2, Ocean Transport Warehouse, Dongzhimen South Little Street, Beijing, is the address of China Youth Daily. There is half a century between 1956 […]
Read MoreThe following is a full list of Zhejiang Province delegates to this year’s annual session of the National People’s Congress, currently underway in Beijing. The names were posted on March 14 by moogee, along with lists of delegates from Hebei, Liaoning and Shanxi provinces, on the SOHO Xiaobao BBS. (Password = 4) (Translated by CDT. […]
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