From Shanghaiist: When you buy a transportation card in Shanghai‰∫§ÈÄöÂç° or jiao tong ka, you have to make an RMB 30 “deposit”. So for example, if you give a RMB 100 note when you buy your card, it will only be credited with RMB 70. According to today’s Shanghai Daily, there are 15 million transport […]
Read MoreFrom AP via China Environmental News Digest: A rare, nearly blind white dolphin that survived for millions of years is effectively extinct, an international expedition declared after ending a fruitless six-week search of the mammal’s Yangtze River habitat. The baiji would be the first large aquatic mammal driven to extinction since hunting and overfishing killed […]
Read MoreFrom Danwei: Cui Xiuwen (Â¥îÂ≤´Èóª) is a female artist from Heilongjiang who lives in Beijing. In 2004, she spent a few nights in a the women’s bathroom of a Beijing nightclub, filming women as they stood in front of the mirror, arranged their bras, hid money in their underwear, discussed their clients and boyfriends and […]
Read MoreFrom BBC: The wife of Taiwan’s embattled president has fainted during her court appearance in Taipei, where she is on trial for embezzlement and forgery. Wu Shu-chen, who has used a wheelchair since she was hit by a truck in an apparent attempt to kill her in 1985, was taken to hospital after collapsing. The […]
Read MoreFrom AP via Business Week: China has agreed to allow the Nasdaq Stock Market and the New York Stock Exchange to open formal business offices in China, Finance Minister Jin Renqing announced Friday. Jin did not give a timetable for opening the offices or any other details. The announcement came after two days of high-level […]
Read MoreFrom The Washington Post: China today declined to make any firm commitments regarding changes to its exchange rate, despite continuous pressure from U.S. officials over two days of high-level strategic economic talks. Chinese officials did say they would look into possible reforms. But the first U.S.-China strategic economic dialogue, which included at least six Cabinet […]
Read MoreFrom Xinhua News Agency: The final days of the year are a period of anticipation and expectation, particularly where blockbuster films are concerned. The long-awaited blockbuster “Curse of the Golden Flower,” directed by Zhang Yimou, one of China’s most acclaimed film directors, premieres today not only across the country but also internationally. The fact that […]
Read MoreUyger woman offering jewelry for sale, via mongabay.com
Read MoreFrom The Wall Street Journal: Influence of Vice Premier Wu, A Well-Regarded Negotiator, Is Critical for a U.S. Deal It doesn’t matter if it’s a deadly virus, a wave of pirated DVDs or a shortage of plumbers: If there’s a problem, Chinese politicians and foreign businesspeople turn to Wu Yi. The 68-year-old vice premier is […]
Read MoreFrom International Herald Tribune: Riding an incredible wave of investor optimism, the main Chinese stock index jumped Thursday to close at 2,249.11 points, breaking a 2001 record. The run-up adds to a powerful rally in which Chinese stock prices nearly doubled in 2006, ending an ugly and debilitating four-year bear market in stock prices here. […]
Read MoreFrom Timsonline: High-powered US overtures to China to hasten its pace of financial reform were swiftly rebuffed yesterday as Beijing said that America had failed to understand the realities facing the world’s fourth-largest economy. As two days of talks in Beijing between the US and China aimed at easing strained economic relations between the two […]
Read MoreFrom The Economist: America should worry more about fixed exchange rates in the Gulf than the gently rising Chinese yuan. American politicians and businessmen view China’s undervalued exchange rate and its huge current-account surplus as the main cause of America’s vast deficit. Thus next week a high-powered delegation led by Henry Paulson, America’s treasury secretary, […]
Read MoreFrom Aisa Times: In a report to the eighth All-Russia Congress of Soviets in 1920, Vladimir Lenin famously said: “Communism is Soviet power plus the electrification of the whole country.” Only with modern large-scale production, he argued, could the economic institutions of Russia’s smallholder economy be eliminated. Electricity, by providing the basis for industrialization, would […]
Read MoreFrom xinhua via People’s Daily: China’s police authorities disposed more than 400,000 economic crimes over the past seven years, arresting about 370,000 criminal suspects and recovering 100 billion yuan. The figures were released at an ongoing national symposium on economic crime. Zheng Shaodong, assistant Minister of Public Security, said at the symposium that world economic […]
Read MoreFrom BBC: More than 100 female factory workers in southern China are suing their former employers over suspected cadmium poisoning. The women worked in nearby battery factories in Guangdong, according to state media. Three people have reportedly died as a result of the cadmium poisoning, and others have fallen ill. [Full Text]
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