From Xinhua via China Daily: While the prevalence of AIDS in China remains low compared with the total population, the situation is very serious in several provinces affected by drug trafficking and illegal blood donation, senior Chinese AIDS control officials said on Saturday. China had registered a total of 214,000 HIV cases by July 30 […]
Read MoreFrom CCTV: The first ever exhibition covering almost every aspect of expat life is getting a lot of attention in the city. For foreigners working or studying in China, Mandarin schools are high on demand. There are more than 20 Mandarin schools, catering to Shanghai’s 500 thousand expatriates. About ten mandarin schools, including all the […]
Read MoreFrom AP via Yahoo News: China has raised mortgage interest rates and increased the downpayment needed for loans to finance purchases of second homes in a move aimed at countering property speculation that is driving up prices. The widely expected moves were announced in notices seen Friday on the central bank’s Web site. Authorities have […]
Read MoreFrom Forbes: China’s food safety watchdog said Tuesday it had revoked the licenses of 564 factories involved in producing problematic monosodium glutamate (MSG), rice and frozen noodles, stepping up its crackdown on unsafe food production to meet a deadline late this year set by the central government in its campaign to restore confidence in the […]
Read MoreFrom the Boston Globe: The long-rumored private equity buyout of 3Com Corp. came to fruition yesterday, as Bain Capital and Chinese networking company Huawei Technologies acquired the communications networking company for $2.2 billion in cash. “We believe that this agreement better positions 3Com to establish itself as a global networking leader, which will benefit our […]
Read MoreIn the Washington Post, John Pomfret reviews Fragile Superpower by Susan Shirk: At a time when much writing about China frothily presumes the unstoppable rise of a global titan, it is refreshing that a respected academic and former government official (Shirk was the deputy assistant secretary of state for East Asia during the second Clinton […]
Read MoreFrom The New York Times: See No Evil, Speak No Truth After decades of brutal military rule, Myanmar’s people have taken to the streets to demand democracy, and they are being mowed down. China, India and Russia have the means ” but apparently not the will ” to stop Myanmar’s vicious junta from murdering more […]
Read MoreFrom China Daily: China Investment Corporation (CIC), the country’s $200 billion sovereign wealth fund, formally started operation on Saturday as policymakers seek to diversify its $1.41 trillion worth foreign exchange reserves. The new company will have Lou Jiwei, vice general secretary of the State Council and former vice finance minister, to act as chairman of […]
Read MoreFrom CCTV.com: A Senior Chinese official has called for more efforts to bust major commercial bribery cases and a long term solution to prevent its spread. Deputy-Director of the Leading Group of the Anti-Commercial Bribery Group of the Chinese Communist Party Central Committee — Li Yufu– made the remarks at a press conference on Saturday […]
Read MoreFrom AP, via Los Angeles Times: Officials have abandoned efforts to retrieve the bodies of 172 coal miners from a flooded mine in eastern China, family members said Saturday, deepening their anger at what they see as callous treatment by the government and mining company. A government committee notified some families that more than 40 […]
Read MoreFrom Taiwan News Online: President Chen Shui-bian (Èô≥Ê∞¥ÊâÅ) yesterday condemned the repression of peacefully demonstrating monks, students and Myanmar citizens by the Myanmar military junta and sharply criticized China for continuing to prop up the military government in Yangon. Speaking a day after at least nine people, including a Japanese photojournalist, were killed by Burmese […]
Read MoreFrom The New York Times: Faced with a threatening military buildup by China, an increasingly outgunned Taiwan is quietly pushing ahead with plans to develop missiles that could strike the mainland, defense and security experts say. Taiwan successfully tested its first cruise missile with that kind of range this year, one that could send a […]
Read MoreOn China’s role in the unfolding civil crisis in Burma, why has Beijing long been the junta‘s main guardian, ready to resist any attempt to subject it to scrutiny? From The Guardian: China has expanded into key Burmese sectors such as natural gas, hydropower, minerals, wood, fisheries and farm produce as well as illicit narcotics, […]
Read MoreFrom Project Syndicate, via Taipei Times: Relations between China and Latin America and the Caribbean are paradoxical. As bilateral trade increases and diplomatic relations strengthen, a lack of knowledge persists between the two regions, and in some cases tensions are growing. Hardly any major projects between China and Latin America have been initiated by the […]
Read MoreFrom China Daily: The central bank said on Friday that it will continue to adopt a “moderately tight” monetary policy in the coming months to keep the economy on the right track. On the whole, the economy is sound, but “still faces prominent problems such as excessive investment growth, too large a trade surplus and […]
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