From Reuters: China’s central bank on Saturday raised the proportion of deposits that banks must hold in reserve for the eighth time this year, extending a campaign to prevent the world’s fourth-largest economy from overheating. The half-point increase in the reserve requirement ratio, which will take effect on Oct. 25, brings the ratio for big […]
Read MoreIn the International Herald Tribune, Howard French writes about how preparations for the 17th Party Congress demonstrate that the Chinese government still operates according to its old rules: Much has been made lately about China’s global role as an emerging power of the first order. China’s rise is pregnant with a big question that can […]
Read MoreThe Washington Post tells the story of a local manager, and major shareholder, of a paper company, who has been fighting his local government in court after authorities auctioned off the company, despite the fact that it was privately owned: When the Shanxi provincial High Court later ruled that the government should pay Zhang, 48, […]
Read MoreFrom AP via Forbes.com: A painting inspired by the 1989 crackdown on the Tiananmen Square protests has become the most expensive work by a Chinese contemporary artist ever sold at auction, Sotheby’s auction house said. Yue Minjun’s “Execution” sold to a telephone bidder late Friday for $5.9 million, well over its upper pre-sale estimate of […]
Read MoreFrom New York Times: After intensive bargaining, China’s Communist Party has approved a new leadership lineup that denies President Hu Jintao the decisive consolidation of power that his supporters hoped would allow him to govern more assertively in his final five-year term as China’s top leader. The party’s Central Committee agreed to elevate four senior […]
Read MoreFrom BBC News: Hong Kong’s Chief Executive Donald Tsang has apologised for suggesting that China’s Cultural Revolution was an extreme form of democracy. Mr Tsang came under fire for citing the Cultural Revolution to argue that social stability should not be sacrificed for democratic development. The Cultural Revolution was an extreme example of people taking […]
Read MoreRefurbished tires may be another “made in China” scare story, but with limited, domestic significance. Translated from China Quality 5,000-km Patrol magazine (‰∏≠ÂõΩË¥®Èáè‰∏áÈáåË°å) by CDT: Mr. Liu, an Urumqi cargo truck driver, happened to see a mini-truck on the side of a road that was shipping six or seven tires, all looking new. With four […]
Read MoreFrom Xinhua, via China Daily: Chinese Health Minister Chen Zhu has vowed to establish a medical service system which covers all urban and rural Chinese by 2010. The Ministry of Health will deepen the ongoing medical reform to attain the objective, the minister said at a Sino-American medical forum opened in Shanghai, China’s leading metropolis, […]
Read MoreFrom Financial Times: Pressure on Beijing to revalue its tightly managed currency is set to intensify in Europe after booming exports to the region powered China to a $24bn trade surplus in September as growth of sales to the US slowed. China’s trade surplus jumped 69 per cent to $185.65bn for the first nine months […]
Read MoreFrom AFP: A rare South China tiger has been spotted in the wild for the first time in decades, surprising researchers who feared the subspecies was extinct outside of captivity, state media said Friday. Experts have confirmed a photograph taken on October 3 by a farmer in Shaanxi province was of a young wild South […]
Read MoreFrom Spiegel Online: Deng Pufang, 63, is an influential man in China. Pufang, who is paralyzed from the waist down, is the chairman of the China Disabled Persons Federation, which he founded. Here in his office in Beijing, he is surrounded by employees who attend to his needs. They are busy making the final preparations […]
Read MoreFrom Reuters: When China’s twice-a-decade Communist Party Congress opens on Monday, tight security and a culture of secrecy will ensure its decisions are made behind firmly closed doors. But leaders would be wrong to think ordinary citizens are not paying attention. Many in China’s growing urban middle class have firm views on what they want […]
Read MoreThis edition of CDT ChinaCast goes a little farther afield as we speak with an experienced reporter from Burma about the recent Burma crisis. Because of strict censorship and media control in Burma, we won’t use his name...
Read MoreChina seems to be changing tack on the Burma issue and has joined the rest of the UNSC in issuing a statement criticizing the junta for the recent crackdown on peaceful protests. From the Sydney Morning Herald: The statement urged the military regime that has ruled Burma for 45 years to free all political prisoners […]
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