From Financial Times: Capital raised by new listings in China is set to exceed $52bn this year, twice the figure forecast in January, putting the mainland on track to become the world’s leading centre for share offerings this year. The potential sums raised in primary and secondary listings this year underscore the huge liquidity in […]
Read MoreThe Sudanese government has agreed to allow a joint U.N. – African Union peacekeeping force into the war torn region of Darfur, and the Chinese government is taking the credit for this development. According to Reuters, Beijing’s envoy on Darfur, Liu Guijin, told reporters, “I can say with certainty that this was inseparable from the […]
Read MoreThis article is written by two British scholars. Tim Besley is a Professor of Economics and Political Science at the London School of Economics, and served on the Bank of England’s Monetary Policy Committee since September 2006. Masa Kudamatsu is also from London School of Economics and Political Science. From voxeu.org: Autocracies are bad, but […]
Read MoreThe Communist Party has decided to expel Tianjin official Song Pingshun, nearly a month after he committed suicide. From China in Transition blog: Corruptions of Mr. Song were confirmed by the disciplinary commission of the Party, including keeping mistress and abusing his power to gain illegitimate benefits for his mistress, Xinhua reported. He committed suicide […]
Read MoreFrom AP via IHT: Chinese stocks tumbled Thursday on waning confidence in the bull market and worries about government steps to cool the markets. Analysts said the lack of apparent support from state-controlled institutional investors for blue chip shares, often viewed as an indication for government policy intentions, was undermining confidence. Investors were also worried […]
Read MoreFrom Danwei: Danwei posted a China Youth Daily’s report on “a new process instituted by the Ministry of Education to determine whether college students deserve financial aid.” The report says that the applicant’s classmates would vote on whether or not the applicant got aid: The rationale, as reported by CYD: In the past, investigating the […]
Read MoreFrom AP via China Daily: Three men enslaved more than 20 members of a Chinese acrobatic team, feeding them little, paying them next to nothing to perform and confiscating their passports and visas, US authorities said. A woman who worked as an interpreter for China Star Acrobats escaped late last month and contacted authorities, the […]
Read MoreFrom China Daily: Pang Yuliang, an entrepreneur from Central China’s Henan Province and chairman of LinkGlobal Logistics Co, said yesterday he would officially acquire the Parchim Airport in northern Germany at a cost of 1 billion yuan (US$130 million) on July 5, making himself the first Chinese to buy a European airport. Pang and the […]
Read MoreLast week there was a riot in Youyang, Chongqing city. Now, here is another one, again in Chongqing, according to Hong Kong-based Singtao Daily, via backchina.com: Dissatisfied with the compensation for their land in Yanjia, Changshou district of Chongqing city, several thousand citizens have demonstrated in front of the town government offices, overturned police cars, […]
Read MoreAFP just reported that Pan Yue, vice minister at the State Environmental Protection Administration, has said China’s environment is close to a ‘breakdown.’ The following photos of industrial pollution are from Netease BBS, all taken along the banks of the Yellow River. The slogan on the first photo says “The Path To Development.”
Read MoreA man drinks tea in his canalside home in Suzhou, by David Wilmot
Read MoreAccording to this article, “world’s biggest exporter faces a global crisis of confidence as scandals grow over the quality of many of its goods.” From The Guardian: China is facing a global crisis of consumer confidence as the country’s food safety watchdog acknowledged this week that almost a fifth of the domestic products it inspects […]
Read MoreThe Washington Post reports on a controversial new cancer drug that has not yet been approved for use in the U.S., but is being used by some Americans who get treatment in China, where it was developed. A dispute has also broken out between American and Chinese drug makers over the patent for the medicine: […]
Read MoreA new Hollywood documentary called Nanking, about Japan’s actions in China during World War II, has been approved for full release with no edits from the State Administration of Radio Film and Television. It will also be shown on CCTV. The producer, Ted Leonsis, who is also a vice-chairman of America Online, explains to AP […]
Read MoreBecause of the pollution, the water supply was forced to shut-off in Shuyang, Jiangsu province , via Xinhuanet.com.
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