From China Daily: For the fourth time this year, the People’s Bank of China, the central bank, raised interests rates on Wednesday. The interest rate on bank deposits was raised by 27 basis points, and the lending rate by 18 basis points. After the hikes, the benchmark one-year deposit rate is now 3.6 percent while […]
Read MoreI still remember that Chinese TV advertisements were flooded with Liu Xiang’s image after he won gold of men’s 110 metres hurdle final at the Athens 2004 Olympic. When I was shopping at Bic Camera in Tokyo this summer, a Japanese sales man’s first question to me was about Liu Xiang after he knew I’m […]
Read MoreThe China Daily Focus highlighted two interesting discussions about Chinese students. Some poor college students were cut off the annual financial aid (about $300 dollars) from their sponsors who never received thanks. While a Chinese student who got the top sore for the National College Entrance Examination is getting a $90000 dollars scholarship. Read and […]
Read MoreJust as blog hosting companies (including Yahoo! and MSN) have signed a self-regulating pact in which they pledge to monitor personal details about users, the city of Luoyang is showing a more enlightened attitude toward Internet dissent, according to China Media Project: In a rare show of tolerance in Internet policy, top party and government […]
Read MoreNeil MacGregor, Director of the British Museum, writes in The Times about the terracotta warriors from Qin Shi Huangdi’s mausoleum, which will be displayed next month at his museum, in the largest exhibition of objects from the tomb complex ever to travel abroad: It is now more than 30 years since a peasant digging a […]
Read MoreChina’s outspoken environmental official is sounding the alarm again, in his article published by Reporters’ Observation magazine. Translated by CDT: Since this summer, a succession of blue algae bloom cases in Lakes Tai (§™Êπñ), Dian (ʪáʱ†) and Chao (Â∑¢Êπñ) signaled a strong message: the traditional development model’s accumulated environmental costs have reached a tipping point. […]
Read MoreShanghai Daily reports that China’s new property law will be effective in October: China’s top law makers yesterday began deliberations on two key laws designed to address long-standing problems with property acquisitions and resolve monopoly issues. Among them, a draft amendment to the law on urban real estate administration would authorize the State Council to […]
Read More“The nation is broken but mountains and rivers are still there (ÂõΩÁ†¥Â±±Ê≤≥Âú®)” is a famous line from a poem written by Tang Dynasty poet Du Fu (AD 712-770). Today, some Chinese turned Du Fu’s line into “The nation is still there but mountains and rivers are broken” (ÂõΩÂú®Â±±Ê≤≥Á†¥). Searching for this altered Chinese phrase online, […]
Read MoreFrom Reuters via Yahoo.com: China’s Commerce Minister said he believed the country would see a “remarkable increase” in quality standards within six months, an official paper said on Saturday, as the country fights to restore confidence in its exports. “Even if only 1 percent of products have quality problems we will take this very seriously […]
Read MoreFrom AFP via Yahoo.com: Fearing the approach of a ticking “bachelor bomb,” China is planning tougher laws against sex-selective abortions that have boosted the number of boys in recent years, state media said Saturday. The State Council, or cabinet, is drafting special regulations that specify punishments for parents and doctors who abort foetuses after discovering […]
Read MoreHere is my OP-ED on The Washington Post’s Sunday Outlook page: Every 40 years or so, five major planets (Mercury, Venus, Mars, Saturn and Jupiter) form a single line in the sky. In ancient China, people believed that this phenomenon signaled the imminent arrival of a major, and usually unfortunate, event. Last weekend, a joke […]
Read MoreThis scandal is much like Li Xinde’s bringing down a Shandong vice mayor. But the trigger was not pulled by Li, but a professional “whistle blower.” Translated from Sichuan Online via sina.com: In mid July, a post online flamed up a nationwide controversy over an alleged playboy vice mayor Tong Waiyuan (Á´•Â§ñÂÖÉ) of Gejiu City […]
Read MoreFrom The Associated Press, via International Herald Tribune: Southeast Asian countries fear that dozens of free-trade pacts being pursued by Asian giants, led by China, could overshadow their regional bloc and draw away economic benefits, according to a report seen Saturday. Officials from the Association of Southeast Asian Nations or ASEAN have said they were […]
Read MoreReporters Without Borders responds unfavorably to China’s new “agreement” with blog service providers, which does not require real-name registration but strongly encourages providers to keep tabs on their...
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