An opinion piece in yesterday’s New York Times reveals a China link to the Mexican drug trade: The unusual case of Zhenli Ye Gon, who was arrested in Maryland last week following the discovery of $205 million of alleged drug money in his house in Mexico City, underscores how the same process of global sourcing […]
Read MoreFrom Defense News, via Heritage Foundation website: After four years of complaining that Taiwan hasn’t bought the advanced weapon systems that the Bush administration approved in April 2001, the State Department appears unwilling now, at long last, to take “yes” for an answer. In June, Taiwan’s Legislative Yuan finally approved multiyear procurement of P-3 Orion […]
Read MoreFollowing Caijing Magazine’s recent expos√© on price fixing by naughty food cartels, the government announces plans to suss the problem. AP via the International Herald Tribune: Investigators will look into why prices of grain, vegetable oil, pork, beef, mutton, and poultry are rising so fast, the National Development and Reform Commission said on its Web […]
Read MoreThe Zhejiang Provincial government has apparently managed to harness China’s culture of video game addiction for the forces of good with a game in which players earn points for punishing corrupt officials. According to state media, the game has been downloaded more than 100,000 times since it’s launch eight days ago. From the BBC: “Incorruptible […]
Read MoreFrom Xinhua: China’s 127 major cities plan to ban cement mixing at construction sites in an effort to protect the environment and reduce energy consumption, the Ministry of Commerce announced on Wednesday. Jiang Zengwei, vice minister of the MOC, said the country will phase out bag-packed cement for concrete mixers by promoting the production and […]
Read MoreChina’s efforts to restore its depleted mangrove forests along the South China Sea are now supported by economics. From Business Report: Natural scientists and economists, trying to work out the economic value of ecosystems, have come up with an astonishing figure of $5.1 billion a year for the mangrove swamps in the South China Sea. […]
Read MoreAn op-ed in the Washington Post argues for China to impose a tax on the carbon content on its fossil fuel consumption: China would gain in several ways from implementing a substantial carbon tax. By reducing its fossil fuel consumption, China would prevent the deaths of hundreds of thousands of citizens because of the short- […]
Read MoreThe International Herald Tribune gives an update on the Blackstone deal: The first purchase by the Chinese government’s new overseas investment fund, a $3 billion stake in the Blackstone Group, has backfired badly and produced an unusual public backlash within China. Blackstone shares have fallen steeply since the company went public June 22, pushing down […]
Read MoreEight year old Zhang Yu at a sports school to train gymnasts in Beijing, by Natalie Behring
Read MoreFrom Reuters: East Asia must reconsider its concept of security and drop a “Cold War mentality” of competing for military superiority in favour of more trust and cooperation, Chinese Foreign Minister Yang Jiechi said on Thursday. Speaking at the region’s largest security forum, Yang portrayed China as a stabilising force promoting peace and cooperation in […]
Read MoreFrom Financial Times: HSBC and the China Charity Foundation celebrated a decade of working together last month, bringing in the global bank’s chairman and renting a room in the Great Hall of the People . Organisers of the event extended the charity to Chinese reporters: donating Rmb200 ($26.40, ‚Ǩ19.30, ¬£13) to each of those who […]
Read MoreFrom The China Blog – TIME: Two prominent economists, Zheng Yisheng and Qian Yihong, have written a piece that, as straightforwardly as anything I’ve seen written by academics or policy wonks here in China, gets at exactly why it’s so tough to make any progress reconciling economic growth with the environmental catastrophe unfolding in this […]
Read MoreFollowing the execution of Zheng Xiaoyu, disgraced former head of the Food and Drug Administration and the arrest of Chen Liangyu, Shanghai’s former party secretary, the government is defending the use of the death penalty for financial crimes. From Reuters: Execution for corruption is proportionate and accords with “China’s national condition,” a senior official said […]
Read MoreFrom Caijing.com.cn: The People’s Bank of China ‘s Shanghai branch has warned commercial bank lenders about the risks involved in extending credit lines to octopus-like company groups. In a first-of-its-kind report released July 31, the central bank cited two examples of credit abuse by unnamed groups, although Caijing has learned that the questionable borrowers were […]
Read MoreESWN has translated responses from two Chinese journalist bloggers, Wang Xiaofeng and Rose Luqiu, to the Time Magazine story on China’s Me Generation. From Rose Luqiu’s blog: Vicky thought that it was too rash to use just several young people to represent an entire generation in China. Also, when they don’t discuss certain problems (especially […]
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