China Maintains Cap on Foreign Ownership of Brokerages at 33% – Zhao Yidi and Tian Ying

From Bloomberg: China will keep its 33 percent cap on foreign ownership of joint-venture brokerages, resisting opening its market further to foreign competition. Revised rules, which take effect next year, relax some requirements for foreigners. The regulations will let investors from abroad buy into publicly traded brokerages and cap foreign ownership at 20 percent for […]

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KMT, DPP Using CKS to Instill Fear: Demos Chiang – Taipei Times

Demos Chiang, descendant of Chiang Kai-shek, recently made comments on the use of Chiang Kai-shek’s name as a political tool. From Taipei Times: The great-grandson of dictator Chiang Kai-shek (蔣介石) yesterday said he agreed to a certain degree with the Democratic Progressive Party (DPP) government’s recent moves to purge the remnants of his great-grandfather’s rule […]

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Hong Kong To Elect Leader By 2017 – BBC

From BBC News: Hong Kong’s chief executive has said Beijing will allow the special region’s people to directly elect their leader by 2017 and their legislators by 2020. Donald Tsang said the decision was a “most important step” in the political future of the former British colony, which became part of China in 1997. The […]

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Hu Jia Detained for ‘Incitement to Subversion’ – RFA

From RFA Unplugged blog: Chinese rights activist Hu Jia, best known for his advocacy work on behalf of those living with HIV/AIDS, has been detained by national security police in Beijing on charges of “incitement to subvert state power,” a fellow activist said. Hu was detained while in the middle of an exchange of instant […]

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Yazhou Zhoukan Shut Out of the Mainland? – Han Yonghong

From Danwei blog: Han Yonghong reports for Singapore’s Lianhe Zaobao: Responding to inquiries from this newspaper, a circulation department employee at the China National Publications Import & Export Corporation (CNPIEC) said that they had received word from their superiors not to accept subscriptions to Yazhou Zhoukan starting next year, and they were preparing to return […]

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Peasants Take Law Into Their Own Hands – John Garnaut

From The Sydney Morning Herald: The road to China’s suburban dream is potted with the usual grievances. The bus to town is too crowded, the toll road too expensive, developers too dishonest. But the young families who were driven by Beijing’s sizzling property prices to buy at Grand Jade Garden, on the city’s eastern fringe […]

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Japan’s Fukuda On Charm Offensive In China – Reuters

From Reuters: Japan Prime Minister Yasuo Fukuda will be on a charm offensive in China on Saturday, the second day of a visit, following talks between leaders of the Northeast Asian rivals that resulted in a pledge to resolve a gas row. Fukuda was to play a game of catch with Chinese Premier Wen Jiabao […]

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China Applies To Join WTO Procurement Agreement – Xinhua

From Xinhua: Finance Minister Xie Xuren signed a written application on behalf of China for joining the Agreement on Government Procurement (GPA) on Friday. The signing in the capital marked that the country had officially started the process of joining the GPA, according to an announcement posted on the Ministry of Finance website. The Permanent […]

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China Lets Currency Appreciate a Bit Faster – Keith Bradsher

From The New York Times: China’s currency rose steeply against the dollar this week, feeding speculation that Chinese authorities, yielding to international pressure and economic realities at home, were allowing their currency to appreciate more rapidly. The currency, known as the yuan or renminbi, rose 0.9 percent this week — faster than over any week […]

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Modernism Minus Utopia – Edwin Heathcote

From The Financial Times: There is no escaping China: Chinese art, Chinese exports, the Chinese economy, Chinese dollar reserves, Chinese growth. Next year’s Olympics in Beijing are focusing the world’s eager eyes on the Chinese capital. While London struggles to persuade a sceptical public about the need to spend more than £9bn, Beijing is spending […]

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Asia in 2008: Its Rise is a Global Good – Victor Mallet

From The Financial Times: As 2008 draws near, very few educated people can still be unaware of the rising economic and strategic power of Asia. Consider 2007. The year began with China firing a ballistic missile to destroy a weather satellite in orbit, a successful test of space warfare that sent shockwaves through the US. […]

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