Morgan Stanley Becomes the First Foreign Bank Doing Renminbi Business in China

Morgan Stanley will become the first foreign bank being allowed to do renminbi business in China, Financial Times reported. In order to protect local banks from foreign banks, which are usually much more competitive and market-oriented, Chinese monetary authorities banned foreign banks from offering renminbi-denominated products. Morgan Stanley will be qualified to apply for a […]

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Japan’s Abe to Visit Beijing Oct 7 – 8: Kyodo

From Reuters via the New York Times: Japanese Prime Minister Shinzo Abe is to visit Beijing for two days from Saturday and meet Chinese President Hu Jintao and Premier Wen Jiabao, Kyodo news agency reported on Sunday, citing sources familiar with the situation. Foreign Minister Taro Aso said last week that Abe wanted to go […]

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In China, Churches Challenge the Rules – Maureen Fan

From Washington Post: A new breed of churches in this region of China has demonstrated a boldness and independence unmatched elsewhere in the country, despite strict government guidelines for places of worship. Here in Wenzhou and the surrounding province of Zhejiang, just south of Shanghai, a growing number of congregations that began life as house […]

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Is it art? Teacher strips in class – Reuters

From Reuters via CNN: A Chinese culture ministry official has denounced a university professor who stripped naked in front of students and teachers during an art class, a Chinese newspaper reported on Tuesday. Mo Xiaoxin(blog), a 56-year-old assistant professor at a university in Changzhou, in eastern Jiangsu province, shocked students by stripping during a lecture […]

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A Thicker Calendar for Model Education Town – China Education Daily

An education reporter went into Pingdu (Âπ≥Â∫¶), a county-level city under Qingdao City of Shandong Province, and delved into how time clocks so fast in a town that is dubbed a “national advanced county of basic education,” and the fact that education officials, teachers, parents and students are consumed by a self-reinforcing pressure to keep […]

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The Aftershocks of the Shanghai Political Earthquake (part 4): Property Developers Under Investigation

Not every one is happy during the National Day holiday. A special team from the Central government is scrutinizing more than 10 Shanghai property developers that might be implicated in the pension fund scandal, Chinese newspaper 21st Century Business Herald reported. Most developers under investigation are among Shanghai’s top 50 real estate companies. Three state-owned […]

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Two Chinese Movies to Vie For Oscar – Zhang Rui

From China.org: The competition among four Chinese movies to vie for next year’s Best Foreign Language Film Oscar is over. The Banquet has been selected for entry into the category as a Hong Kong film, while Curse of the Golden Flower will likely represent the Chinese mainland, china.org.cn learned today. Leading up to this decision, […]

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‘Thousand-hand Bodhisattva’ sued for infringement – Coldness Kwan

From China Daily: “Thousand-hand Bodhisattva(ÂçÉÊâãËßÇÈü≥)”, a dance show performed by 21 deaf-mute artists from the China Art Troupe of Disabled Persons, has enjoyed critical acclaim from audiences both at home and abroad ever since going on tour following its thrilling debut on the 2005 CCTV Spring Festival Gala Show, but is currently being sued for […]

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Chinese government to go to work on improving tourist behavior – Shanghaiist

From Shanghaiist: A report on Yahoo! China got our attention because of it’s uh, attention-grabbing headline: ‰∏≠ÂõΩÊ∏∏ÂÆ¢Êµ∑§ñ‰∏çÊñáÊòé˰å‰∏∫ÈúáÂä®È´ò层 (“The uncivilized behavior of Chinese tourists abroad shocks the upper levels of government”). The central government’s “Civilization Bureau” recently ran an internet survey and just published the results (in Chinese) a little over a week ago. This includes […]

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Photo series: Top 10 Outrageous Remarks

From Kimy8.com: Q: Why did 18,000 family members of Guangzhou subway staff get free ride? A: Lu Guanglin, the general manager of Guangzhou Subway Company: “As part of anti-terrorism work.” He Zuoxiu, Chinese physicist: “The reason why China can not avoid the coal mine fatalities is because Chinese people are too poor… Who brought you […]

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