From New York Times: China will create an agency to invest its immense reserves of foreign currency, now totaling more than $1 trillion, the country’s finance minister announced on Friday. The minister, Jin Renqing, offered no specifics about how much of China’s currency reserves would be under the agency’s control. But whatever the precise figure, […]
Read MoreFrom The New York Times: BEIJING, March 8 ” China’s national legislature began deliberating Thursday on a landmark law that would provide legal protections for private property as well as a law that would gradually equalize corporate taxes on foreign and domestic corporations. The two pieces of legislation are a result of years of debate […]
Read MoreFrom The New York Times: Prime Minister Wen Jiabao conceded Monday that China was failing on important energy and pollution goals and declared that the country must become more energy-efficient and quickly improve environmental protection to safeguard the long-term health of its booming economy… Mr. Wen described serious structural problems in the country’s economy, but […]
Read MoreFrom New York Times: China gave in to international pressure on Friday and agreed to release a prominent AIDS doctor from house arrest so she can attend an awards ceremony in Washington next month. “We’re just really...
Read MoreFrom The New York Times: The photograph and article in Tuesday’s Henan Daily could have been headlined “Happy Holidays.” Three highranking Henan Province officials, beaming and clapping as if presenting a lottery check, were making an early Lunar New Year visit to the apartment of a renowned AIDS doctor, Gao Yaojie. They gave her flowers. […]
Read MoreFrom the New York Times: Building the new China usually entails digging up the old China. Construction zones across the country are uncovering so many antiquities that it might be considered a golden era for archaeology ” except that sites and antiquities are often simply demolished by bulldozers or looted. “There are two enemies of […]
Read MoreFrom The New York Times: China said Tuesday that wealthier countries must take the lead in curbing greenhouse gas emissions and refused to say whether it would agree to any mandatory emissions limits that might hamper its booming economy. Jiang Yu, a spokeswoman for the Foreign Ministry, said China was willing to contribute to an […]
Read MoreFrom The New York Times: Guangzhou, the chaotic export capital in southern China, appeared to hit a major Chinese milestone this month, becoming the country’s first city to reach a per capita income of $10,000 ” more than five times the nationwide figure and a rough threshold for becoming a “developed” country. But in a […]
Read MoreThis week’s edition of CDT ChinaCast’s Foreign Correspondents Series features Jim Yardley, China correspondent for The New York Times Beijing bureau. Yardley has reported for NYT for nine years and he has covered...
Read MoreFrom The New York Times: At 5:45 in the morning the cabbage line outside the Old Drum Tower Outer Street New People’s Produce Market is nearly two hours old. First in line is a 72-year-old woman named Mrs. Wang, who awoke at 3, arrived at 4 and would wait until 8:30 for a single head […]
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