China’s Hollow Threat to Dump U.S. Bonds – Peter Morici

From Robert H. Smith School of Business website: The Congress is growing impatient with China’s currency manipulation and export subsidies, and is near passing legislation that would require the Bush Administration to strike back. Faced with the prospect of trade competition on a level playing field–something the Chinese Communist Party fears more than free elections–the […]

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Taiwan Presidential Candidate Ma Acquitted of Fraud – Chinmei Sung and James Peng

From Bloomberg: Ma Ying-jeou (È©¨Ë㱉πù), the presidential candidate of Taiwan’s opposition Kuomintang, was cleared by a Taipei District Court today of fraud charges that could have derailed his campaign for the March 2008 election. Judge Tsai Shou-hsun (Ëî°ÂÆàËÆ≠) announced the decision, which the prosecution can appeal, at 10 a.m. local time. Taiwan’s stock market reversed […]

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Universities Rack Up Huge Debts – Wang Shanshan

From China Daily: China’s major public universities and colleges are encumbered by huge debts, according to a survey by Peking University. The one-year survey covered 76 universities and colleges affiliated to the Ministry of Education. It showed that the institutions rely heavily on bank loans and government funds. Most of their income goes to paying […]

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China’s Relocation of Rural Tibetans – Michael Bristow

After his earlier report on the effects of the Tibet railway, Michael Bristow wrote the second one regarding to “the effects of relocating huge numbers of rural people to urban areas.” From BBC News: All along the main road from Lhasa to Tibet’s second city, Shigatse, new homes are being erected beneath the towering peaks. […]

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China Becomes Popular Issue in 2008 Race – Foster Klug

From AP, via Forbes.com: When Democratic presidential contender Barack Obama said in a recent debate that “the center of gravity in this world is shifting to Asia,” he had one nation clearly in mind. “China is rising and it’s not going away,” said the senator from Illinois. “They’re neither our enemy nor our friend. They’re […]

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China, Taiwan in Rare Swap of Crime Suspects – Reuters

From Reuters: Beijing repatriated 19 Taiwanese suspected of fraud, illegal entry and drug trafficking on Tuesday after the island sent two convicted aircraft hijackers back to China where they face new trials and possible execution. The swap was rare cooperation in crime fighting between Taiwan and China, diplomatic rivals since their split in 1949 amid […]

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Fire At Troubled Shanghai Skyscraper – AFP

From AFP via Channelnewsasia.com: A fire broke out on Tuesday at what will be China’s tallest skyscraper, dealing another setback to the long-troubled project, local fire officials said. The fire, which hit the Shanghai World Financial Centre in the late afternoon, was quickly put out and there were no casualties, a fire department supervisor surnamed […]

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US in Formal China Piracy Action – BBC News

From the BBC News: The US has made a formal request to the World Trade Organization (WTO) for it to crack down on copyright piracy and counterfeiting in China. It says that China’s failure to enforce copyright laws is costing software, music and book publishers billions of dollars in lost sales. [Full Text] See also […]

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China Punishes Nearly 350 Porn Websites – AFP

From AFP via Inquirer.net: Chinese authorities have punished 348 Internet websites for publishing “pornographic novels” online, citing social order concerns, state media reported Tuesday. Some of those websites have even been closed down, said Xinhua news agency, without stating the exact number. Publishing pornographic novels online “causes great harm to the psychological development of young […]

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4 Pandas Born in China on Same Day – AP

From the International Herald Tribune: Four pandas were born in captivity in China on the same day, a rare occurrence after 34 were born in all of last year, state media reported Tuesday. Xinhua News Agency earlier reported that three pandas had been born, but later said that Eryatou, who had delivered a female baby […]

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China River Pollution Kills 88,000 Pounds Of Fish – Reuters

From Reuters: Waste water dumped by factories into a river in southwest China has poisoned and killed about 40,000 kg (88,180 lb) of fish, media said on Tuesday. Eighty government officials went door to door in Chongan town, Guizhou province , to warn villagers not to eat, sell or transport the fish, state radio and […]

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Brands Luxuriate In Fast-growing New Clientele – Robin Kwong

Retail sales in China grew rapidly in recent years, and luxury goods were also a boom market, which attracted global brands to enter into the market. From Financial Times: In the two decades since China opened up its economy, luxury brands have piled into the world’s most populous nation in anticipation of a rapidly expanding […]

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