Photo: Yilishen ant farmers surround the local Shenyang government building in November, via Global Voices
Yilishen ant farmers surround the local Shenyang government building in November, via Global Voices
Read MoreChina to Levy Environmental Tax – Hualong Online
Translated by CDT from Hualong Online (华龙网): Levying an environmental tax will be a major item on the Chinese government’s agenda in 2008. Work will be done in a joint effort between the Ministry of Finance, the General Administration of Tax, and the State Environmental Protection Agency. Two researchers with the Ministry of Finance proposed […]
Read MorePhoto: The headquarters of Yilishen and its CEO
The headquarters of Yilishen and its CEO
Read MoreChina’s Plucky Plug-in Hybrid – David Welch
BYD’s car hits the stage at the Detroit auto show — but will it really be ready to roll this summer? Here is the story from BusinessWeek magazine: In recent years, China’s upstart carmakers have flocked to major auto expos with low-priced offerings aimed at global markets. This year’s Detroit auto show, which opens on […]
Read MoreChina’s Spiritual Awakening – Dexter Roberts
A story from BusinessWeek looks at why a growing number of successful urban professionals are flocking to Buddhism: Buddhism is booming — quite a paradox given the Communist Party’s official atheism and its troubled relationship with the Dalai Lama. The faith’s growing popularity reflects a yearning for meaning among China’s yuppies, who increasingly are attracted […]
Read MoreMarket Maker – Gady Epstein
An insider’s story on China’s rigged stock market. From Forbes magazine: Managers of Government-run Chinese mutual funds keep coming up with the same can’t-miss moneymaking opportunity for Lin Rongshi–and for themselves. The messenger might be a low-level functionary or a trusted middleman. Lin, a private fund manager, said the message sometimes would be delivered in […]
Read MoreThe Pitfalls of China’s Rough Capitalism – William Foreman
From AP, via Newsweek, a look at how foreign as well as domestic investors get taken in by China’s “rough and raw capitalism”: The Americans fell prey to one of the many dangers of China’s rough and raw capitalism. It’s a cutthroat, predatory world where many factories cut corners to make an easy buck or […]
Read MoreChinese Woman Goes Way Off-message on the Olympics – Howard W. French
In the International Herald Tribune, Howard French writes about the incident in which the wife of a popular sportscaster used a CCTV news conference about the Olympics to denounce her husband for his infidelity (Watch a YouTube...
Read MoreTwo Giants Try to Learn to Share Asia – Jim Yardley and Somini Sengupta
From The New York Times: Prime Minister Manmohan Singh of India will arrive in Beijing on Sunday for a three-day visit to China, with each country eager to increase bilateral trade, promote mutual friendship and offer reassurances that Asia is big enough to accommodate the ambitions of both rising powers. Mr. Singh is visiting China […]
Read MoreChina’s Richest Love Swimming, BMWs And France Tours: Survey
From AFP: Swimming, driving BMW cars and holidaying in France are among the preferred lifestyle choices for China’s wealthiest people, according to an annual survey released on Thursday. Swimming edged out travelling as the favourite form of recreation for the 660 Chinese US dollar millionaires interviewed, said the fourth report of the Preferred Lifestyle and […]
Read MoreThe Olympic Prisoners – Robert Ménard
In The Boston Globe, Robert Ménard, executive director of the press freedom organization Reporters Without Borders, writes about the arrest of activist Hu Jia: The Olympic Games have their anthem, their rings, their heroes, and their sponsors. Now, with the Beijing 2008 games, they have their prisoners. The Chinese government is not just building fine […]
Read MoreTrail of Risky Investments in China – Mark Magnier
The Los Angeles Times takes a closer look at the victims in the Yilishen ant-farming scam: The story of Yilishen illustrates the get-rich-now mentality here, the constant search for a new angle by those struggling to make a go of it with the communist economy having all but given way to private enterprise, and the […]
Read MoreTaiwan Nationalists in Huge Win – BBC
From BBC News: Taiwan’s opposition nationalist Kuomintang (KMT) party has won a landslide victory in parliamentary polls, official results show. The KMT, which wants closer ties with China, secured 72% of the seats in the 113-seat chamber, beating President Chen Shui-bian’s party, the DPP….[Full Text] See also Sam Crane’s firsthand reports of the pre-election run-up […]
Read MoreChina’s Demand for Gambling Puts the Squeeze on Macau – Evan Osnos
From Chicago Tribune: The world’s busiest casino town is straining to handle the affections of the world’s largest population. By the boatload, gamblers gripping Chinese passports jostle off ferries and cram, sardinelike, into a customs building in this once-sleepy former Portuguese colony on China’s coast. They line up, hundreds deep on a weekend morning, for […]
Read MoreChina’s Coal Mines Kill 3,786 in 2007 – AP
From AP: Accidents in China’s notoriously dangerous coal mines killed nearly 3,800 people last year, state media reported Saturday — a toll that is a marked improvement from previous years, but still leaves China’s mines the world’s deadliest. A total of 3,786 were killed in mining accidents in 2007 — 20 percent lower than the […]
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