From The Los Angeles Times: Money has brought both trappings and trouble for Norman Hsu. Major contributions to the campaigns of Sen. Hillary Rodham Clinton and other candidates have made the apparel executive an insider in elite political circles. He shows up in cozy pictures with politicians, at lavish fundraising events, and on the boards […]
Read MoreOne of many impoverished and debt-ridden African countries that are now attracting Chinese businessmen, Chad is hoping that Chinese investments its oil fields will benefit the economy, instead of corrupt officials. From the New York Times: Chad is as geographically isolated as places come in Africa. It is also among the continent’s poorest and least […]
Read MoreHere is an article from Taiwan News Online, about Xiamen protests against PX factory in June: Massive protests in Xiamen, reputedly “China’s cleanest city,” early last month against a planned US$1.4 billion paraxylene factory may become as significant for the environmental movement in the authoritarian People’s Republic of China as a successful campaign in 1986 […]
Read MoreFrom Time Magazine: …The Chinese are believed to have issued the world’s first paper currency around 600 A.D., and fourteen centuries later, cash remains king. Cars and houses are bought, and even salaries are often paid, with thick envelopes of bills. To date, banks have issued only slightly more than 50 million credit cards to […]
Read MoreThe Chinese government has offered Guinea, the Africa’s lead exporter of bauxite, a new dam and debt relief in exchange for access to Guinea’s mineral reserves. Negotiations are still being conducted. From Reuters: China has agreed to fund the construction of a $1 billion hydroelectric dam in mineral-rich Guinea and renovate a series of state […]
Read MoreCentral governments have always wanted to get rid of huge, bad debts, but there are no policies that clearly define what bad debts are exactly or how to deal with them. As a result, many local governments mix some high quality assets with bad ones, bankrupt them, and thus escape the loans from banks. From […]
Read MoreChinese oil corporations have finally convinced Iraq to consider renewing oil trade contracts in exchange for reconstruction aid and debt forgiveness. If the negotiations between Iraq and China are successful this week, China will be one of the first countries to reestablish oil trade with Iraq. From the Khaleej Times: Iraqi President Jalal Talabani arrived […]
Read MoreFrom Council on Foreign Relations: China ‘s rise and its effects on the United States is a growing preoccupation of U.S. policymakers and politicians. With China’s economy booming (Forbes), its military prowess expanding rapidly, and continued tension with Taiwan, U.S. politicians on both sides of the aisle have expressed alarm. Republicans and Democrats have protested […]
Read MoreFrom BBC News: China has introduced a new bankruptcy law that gives creditors precedence over workers when it comes to claiming the assets of failed companies. The law also means that, for the first time, private Chinese firms that have failed will be allowed to collapse. Previously they existed in a legal limbo – their […]
Read MorePosted on blogger Hu Chan’s site, by an anonymous writer, translated by CDT: Today is the deadline for reporting personal taxes if annual income is above RMB 120,000. I look at the calendar and felt a struggle in my heart. I’m not sure if I should be serious, or I should be silent to show […]
Read More
Click on the image to download Firefly for circumvention
CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.
