Search Results for: debt

Getting Rich – Pankaj Mishra

In the London Review of Books, Pankaj Mishra writes about Shanghai, China’s nouveau riche, and the New Left: To be an Indian in a Chinese city is to find familiar not only the vast crowds, the vivid street life, the open-fronted shops and food stalls, but also the malls with their luxury brand-names, the shiny […]

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Rich Publisher of a Poor Paper – Li Xinde

Another classic work of journalism from citizen journalist Li Xinde (Picture showing Wu Bingjing (Âê¥ÁÇ≥Êô∂), right, ushering former President Jiang Zemin during a CPPCC (‰∏≠ÂõΩÊîøÂçè) conference years ago while Wu, now publisher of China Food Daily (‰∏≠ÂõΩÈ£üÂìÅÊä•), was a staff employee of CPPCC. Wu managed to photoshop out his CPPCC employee tag and bragged he […]

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China and African Nations Set Trade Deals Worth $1.9 Billion – Joseph Kahn

China and Africa are taking advantage from each other. Read today’s two stories: From The New York Times: China and a number of African nations agreed Sunday on 16 trade and investment deals valued at $1.9 billion, as Beijing extended its efforts to create a broad economic and diplomatic partnership with Africa, a resource-rich continent. […]

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Hefty Medical Bills Bought Kids’ Deaths – News Probe/CCTV

An Oct. 16 program of CCTV’s News Probe (Chinese) tells a story about devastated parents, some of whom sold all their property and ran into big debts to come up with hefty bills for as much as 900,000 yuan ($11,000) to treat their little kids’ thalassemia (Âú∞‰∏≠ʵ∑Ë¥´Ë°ÄÁóá) at Guangzhou Zhujiang Hospital (ÂπøÂ∑ûÁè†Ê±üÂåªÈô¢). They were among […]

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Chinese JSR (Journalistic Social Responsibility)??

Here’s yet another stir-fried tale of muckraking that has begged (and somewhat blurred) the ethical question of the hour: is the system to blame, or the journalists? For the past few weeks, Sohu.com has been polling readers opinions’ in the case of Bai Rundai. The senior investigative journalist for the Henan Commercial News, a six-time […]

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25 Coincidences of Busted Corrupt Officials, part two – Gao Fusheng

From People’s Daily Online via Yulun Jiandu, translated by CDT (continued): “Burned (“ÁÉß”Âá∫Êù•ÁöÑ),” like Huang Dakang (ȪѧßÂ∫∑), a Hunan tobacco guru. His “adopted” daughter (Âπ≤•≥ÂÑø) was murdered and her body was incinerated. Huang called the police, who found a diary of the victim with entries about an “improper relationship” between them and Huang’s bribe taking. […]

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China May Receive Higher Credit Rating From Moody’s – Bloomberg

From Bloomberg News: China may earn a higher credit rating from Moody’s Investors Service after repaying international debt, boosting reserves and bailing out banks. Moody’s today raised the outlook for the A2 rating on China’s long-term foreign-currency bonds to positive from stable, it said in a statement. The rating, last raised in October 2003, ranks […]

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Internationalization of the RMB to be accelerated – Hu Zuliu

From The People’s Daily: It is an indisputable fact that China has become the world’s major economic power. Based on market exchange rates, the size of China’s overall economy is already the world’s fourth largest, accounting for one sixth of the US economy and one second to two third of Japan’s economy. If calculated in […]

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China graduates face job crunch despite boom – Lindsay Beck

From Reuters via Scotsman.com News: With the trees in bloom and the sun shining, students strolling the grounds of Beijing’s leafy university campuses shouldn’t have a care in the world. They’ve marked themselves out as China’s best and brightest by winning coveted places in college and are graduating into a country experiencing breakneck economic growth, […]

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