Yesterday a Chinese man hijacked a bus of ten Australian travel agents and their translator in Xi’an. A police sniper killed the man after a three-hour standoff in the city, one of China’s most popular sightseeing areas. Only...
Read MoreOverseas political commentator Liang Jing wrote following essay, thanks to Dr. David Kelly for the translation: A very important item of information spread around Beijing’s dining and mahjong tables during Spring Festival...
Read MoreOverseas Chinese political commentator Liang Jing wrote following essay, translated by David Kelly: Last week, the US once again became ground zero for turmoil on global stock markets. It was triggered by much worse than...
Read MoreFrom The Financial Times: When Lou Jiwei, the head of the China Investment Corporation , appears on a panel at Davos next week, he will attract a flurry of interest from financiers. CIC is less than a year old, but the actions of this vast investment fund – and numerous others in China – are […]
Read MoreJust as China is being praised for moving from a recipient of World Bank aid to a donor, the World Bank president has expressed concern about China’s loan programs to Africa (while also acknowledging that the World Bank will cooperate with a Chinese bank on an Africa-based project next year). From Forbes: China is investing […]
Read MoreRichard Spencer reflects on arguments that critics of China’s human rights record are just reacting to the country’s economic might: The rise of Chinese industry as manufacturing shuts down in the west, the bullishness of Asia, including its financial markets, while meltdown threatens everywhere else, the general rise of China while American and British indebtedness […]
Read MoreWith the world’s fastest growing economy, much of it nurtured with natural resources from Africa, China is asked to take more responsibility for helping fight poverty in other developing countries. From AFP: World Bank president Robert Zoellick on Sunday invited China to team up with the 185-nation development lender to fight global poverty and said […]
Read MoreThe BBC points to a new report that says that British dependence on China-made products is creating excessive carbon emissions: The New Economic Foundation (Nef) says such reliance is adding to CO2 levels because China’s factories produce more CO2 per item than British ones. The report also says many similar goods are both imported and […]
Read MoreFrom Financial Times: After Song Xuefang began suffering from vomiting and pains that left her hardly able to walk, she and her husband pulled out their savings and sold their 30 sheep to pay for treatment. It was not enough. Doctors in Mrs Song’s dusty county of Jingyuan in China’s north-western Gansu province could not […]
Read MoreFrom VoxEU.org: China’s international balance sheet is highly skewed. On the liability side, FDI looms large, with relatively little investment by foreigners in the Chinese stock or bond markets. According to the State Administration of Foreign Exchange (SAFE), FDI accounts for over half of Chinese external liabilities of $965 billion, with portfolio equity and debt […]
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