In 2007, Chinese companies expanded overseas, as did investors. On the other side, foreign investment swarmed into the Chinese capital market. Financial Times writers summarized this year’s trend on China going global and global investors going to China. From The Financial Times: Any takeover battle or asset sale these days is certain to spur speculation […]
Read MoreFrom AP via Gardian Unlimited: Police were searching for the culprits behind the beheading and skinning of a rare Siberian tiger at a zoo in central China, state media reported yesterday….Tiger skins are sold on the black market in China, and tiger parts are used in traditional medicines. The conservation group WWF lists the Siberian […]
Read MoreFrom The New York Times: Compared variously to a floating pearl and a duck egg, the titanium-and-glass half-dome of the National Center for the Performing Arts formally opened its underwater entryway to Chinese officials and dignitaries here over the weekend. The $400 million complex, a concert hall, opera house and theater under one space age […]
Read MoreFrom Agence France-Presse: China has proposed lifting millions of its citizens out of the income tax net to ease the burden on low-wage earners amid rising inflation, state press said Sunday. The country is expected to raise the monthly tax threshold from 1,600 yuan (218 dollars) to 2,000 yuan and the legislature was reviewing the […]
Read MoreDominic Barton offers an interesting look at trade ties and new plans for shipping routes created in the paving of the “new Silk Road.” From the Financial Times: Baron Ferdinand von Richthofen, the German historian and geographer, coined the expression “Silk Road” 130 years ago to designate the well-worn path between China and the West […]
Read MoreIn a long and impassioned essay, Asia Weekly’s top editor takes critics on both sides of the Taiwan Strait to task for failing to understand what pan-Chinese director Ang Lee accomplished with his 2007 blockbuster “Lust, Caution.” Translated by ESWN: Never has any movie drew such extreme responses from the opposite sides of the political […]
Read MoreXinhua reports on the two-day rural work conference that ended yesterday: China concluded the annual central rural work conference on Sunday with a pledge to enhance rural infrastructure construction, promote stable development of agriculture and facilitate a sustained income growth for farmers next year. The pledge should be carried out in 2008 and a certain […]
Read MoreChinese archaeologists have managed to drag an 800 year-old trading ship, the Nanhai No. 1 (南海一号 ), up from the floor of the South China Sea, complete with a trove of porcelain estimated to be worth billions of dollars. From the Independent: The ship went down in storms as it left a southern Chinese port […]
Read MoreA predicted Christmas cataclysm for toys “made in China” has failed to materialize in the U.S. The reason? Children don’t read the news. From USA Today: A series of high-profile recalls of Chinese-made toys in the fall left many consumers vowing that they wouldn’t buy toys made in China this year. Some analysts feared toy […]
Read MoreThe following document is the announcement of land reclamation by 40, 000 farmers in Fujin City of Heilongjiang Province, first published on overseas Chinese news site Boxun.com on December 9, 2007. Translated from Boxun by Linjun Fan. We, the 40,000 farmers of 72 villages of Fujin City in Heilongjiang Province, announced our claim of ownership […]
Read MoreChina’s workers build cities and pay taxes. But aside from meager salaries, they get almost nothing in return: no health care, pension, housing subsidy or education. In this video clip, Laura Ling looks into the rights of migrant workers. [Click to see] – See also Slideshow: Migrants’ Children via CDT
Read MoreMount Everest is a place many Chinese dream of visiting. The mountain is especially popular amongst modern urbanites who are struggling with daily work and want to relax in a natural, holy place. Below is a group of photos of Mount Everest, taken by a netizen on Tianya.com who spent 30 days on and around […]
Read MoreFrom Thomson Financial via Forbes.com: Chinese lawmakers are considering imposing a law to prevent state-owned assets being sold too cheaply, state press reported Sunday, legislation that is likely to tighten Beijing’s control over business. The draft law details procedures for the restructuring of state assets, including accurate audits before firms are merged or sold, the […]
Read MoreThe Los Angeles Times profiles the museum honoring victims of the Nanking Massacre, which has been renovated in time for the 70th anniversary: With growing wealth and power comes a push to better showcase its pain and, by extension, to lay a stronger claim to history. The refurbished museum is leaps ahead of its predecessor, […]
Read MoreAn op-ed in the New York Times looks at how urban Chinese diets are changing to be more like their Western counterparts, which may be contributing to environmental destruction: I’ve also become worried that China’s newfound eating habits are contributing to greenhouse gas emissions. While there are movements in America and Europe to reduce carbon […]
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