From the International Herald Tribune: China has scrapped rules requiring domestic companies to convert a portion of foreign earnings into Chinese currency, the government said Tuesday, in a move that could ease pressure on Beijing’s foreign exchange system. Chinese companies will now be allowed to decide on their own how to use money earned abroad, […]
Read MoreSergei Blagov writes an article about the relationship between China and Russia. From Asia Times Online: Having moved beyond their antagonistic Cold War relationship, Russia and China are now seeking to develop a strategic partnership. In addition to Russia’s substantial arms sales to China and joint military exercises conducted under the umbrella of the six-nation […]
Read MoreFrom Xinhua: Chinese President Hu Jintao said here Wednesday that China is ready to work together with Mongolia to push forward the partnership of good-neighborliness and mutual trust between the two countries. Mongolia hopes to enhance cooperation with China in large projects in such areas as infrastructure construction, transportation, energy and mining. [Full Text] [Image: […]
Read MoreFollowing the massive recall of Mattel toys made in China, parents around the world are considering a boycott of Chinese-made products, yet many realize such a move could make toy-buying unaffordable, Reuters reports. In an editorial, the International Herald Tribune calls for the U.S. and other countries to encourage a transparent regulatory system in China […]
Read MoreFrom Thomson Financial via Forbes.com: Hong Kong shares closed sharply lower in Wednesday’s trade as investors remained apprehensive about the real extent and the long-term effects of the current credit market meltdown. The 39-stock Hang Seng index fell 2.9 percent to 21,375.72, off the day’s low of 21,303.35. Sub-indexes traded in line with the weak […]
Read MoreFrom Reuters via Yahoo.com: A bridge that collapsed in China killing at least 36 people broke apart like a pat of “beancurd” because there were apparently no steel reinforcement bars, state media said on Wednesday, quoting a rescuer. More than 1,500 people were searching for about 30 missing people following Monday’s disaster on the 320-metre-long […]
Read More“Observation and Reflection” „ÄäËßÇÂØü‰∏éÊÄùËÄÉ„Äãis a biweekly news magazine published by the Academy of Social Sciences of Zhejiang province. The following excerpts, translated by CDT, are from an article in the latest issue, via sina.com: China is a country in which water resources are extremely scarce. The total non-salt water amount is 2, 800, 000,000,000 cubic […]
Read MoreFrom Bloomberg News & Reuters via The International Tribune: China will tighten its control over the approval of new airlines, cut flights at its busiest airport, in Beijing , and raise safety checks, worried that the industry is expanding dangerously fast, the regulator said Wednesday. No applications for new airlines will be accepted before 2010, […]
Read MoreSpiegel Online tells the story of laborers forced to work in the Shanxi brick kilns and of families still searching for loved ones who may have disappeared inside the kilns: Chinese intellectuals like Hu Shuli, the editor in chief of the business magazine Caijing, are questioning whether the country — with its poorly paid labor […]
Read MoreFrom The Economist: JUST over two years after a big unlicensed bank was last found in China, another surfaced this week. Last time the bank was based in Shanghai and operated in a small number of provinces. This time the illegal bank, which is based across the border from Hong Kong in Shenzhen, is on […]
Read MoreThe New York Times reports a crackdown on “false news” in the wake of the arrest of a journalist who allegedly fabricated a story about dumplings made with cardboard filling. According to the report, media organizations are urged to set up hotlines so the public can report false stories: According to The People’s Daily, the […]
Read MoreFrom Agence France-Presse, via Defence Tech: China may be just three years away from being able to disrupt U.S. military satellites in a regional conflict, a senior U.S. military leader said Aug. 14, citing a recent antisatellite test and other advances. The warning came amid calls at a conference in Alabama for intensified efforts to […]
Read MoreTheshanghaishow.com uploaded the video showing that “- Why Shanghai is topping all the ‘blue lists’ as a mecca for creative types – ‘The Bund’ – worth the hassle? – ‘Ayi’s Kitchen’ – our maid introduces us to the ‘must-have’ delicacy in town – Shanghainese 101 – ‘Ni hao’ -The Teal Terror – we strap a […]
Read MoreFrom Chennai Centre for China Studies website: A comparative study of Indian and Chinese communities in Southeast Asia is yet to be undertaken by scholars specializing in Southeast Asian Studies. A perusal of the bibliography on the subject shows that there is hardly any creative work in this fascinating area. However, there are number of […]
Read MoreFrom Foreign Policy Research Institute website: … There are many definitions of soft power, but basically, when the Chinese government talks about its new soft power in the world, it means all power outside of the military sphere, including diplomacy, aid, investment, and economic tools. One reason for this new relationship with the world is […]
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