From The Three Girges Probs: Beijing’s decision to give 22 million farmers who have been displaced by dams a 600-yuan (US$75) annual subsidy for 20 years is seen by journalist Dai Qing as official acknowledgement of the high social cost of such projects, and of the simmering rural discontent they have caused. “Problems linked to […]
Read MoreFrom Boston Globe: Li Qingyou vividly recalls the hot summer day 40 years ago in Tiananmen Square. He was among the 1 million members of the new cadre of radical students called Red Guards who stood at rapt attention and waved their Little Red Books as Mao Zedong exhorted them to destroy China’s “four olds” […]
Read MoreFrom EastSouthWestNorth blog: After an investigation, Apple has now basically said that things were not as bad as the two British tabloids reported, although some improvements will be required on the part of FoxConn. This was not terribly surprising since the British tabloid reports were deemed suspect by others already. Afterwards, FoxConn may have a […]
Read MoreFrom The Observer: China’s economic boom is starting to reach the most remote corners of western China, giving millions of the world’s poorest people a chance to think about something other than where their next meal is coming from. But from the mountains of the Himalayas to the scrubland of Inner Mongolia, the quest for […]
Read MoreA cityscape in Yantai, Shandong Province, by china.sixty4
Read MoreFrom The New Yorker magazine: On the evening of June 20th, several hundred physicists, including a Nobel laureate, assembled in an auditorium at the Friendship Hotel in Beijing for a lecture by the Chinese mathematician Shing-Tung Yau In the late nineteen-seventies, when Yau was in his twenties, he had made a series of breakthroughs that […]
Read MoreFrom Reuters: China’s parliament adopted a long-awaited corporate bankruptcy law on Sunday, aiming to protect both creditors and workers of bankrupt enterprises, Xinhua news agency reported. The bankruptcy law, which will come into effect on June 1, 2007, has taken 12 years to make its way through the legislative process in the National People’s Congress […]
Read MoreFrom The Letter from China blog: Beijing delegation officials seized the Republic of China flags carried by Taiwan’s teenage athletes at International Children’s Games, TVBS reports. Taiwanese medal winners draped the blue-sky-with-a-white-sun national flag around their shoulders and the act provoked the Beijing team. “Do you have to use force?” asked Taipei delegation leader, deputy […]
Read MoreFrom Yulun Jiandu, translated by CDT: When you walk through Yingkoudao of Tanggu District in Tianjin, you will be awed by the high-rise government office buildings of the district. They are probably the only buildings that can compete with other places in terms of wow-inspiration. They are the pride of Tanggu, and also its shame […]
Read MoreFrom RGE Monitor: According to Market News International and others, the People’s Daily has indicated that: “About 70 percent of China’s reserves are held in US dollars, confirming widespread speculation about the weighting.” That was rather obvious the moment the US released its survey data showing that China held around $525b in US securities at […]
Read MoreFrom The Wall Street Journal: Revised rules that have stirred concern about foreign bank operations in China are expected to be issued by the State Council, China’s cabinet, in November and may take effect around Dec. 21, a foreign bank official said Friday. The proposed rules have prompted concern as they will force foreign banks […]
Read MoreFrom Bloomberg: China Construction Bank Corp., the nation’s fourth-largest lender, plans to make acquisitions and open branches in the U.S. and Australia as it seeks expansion outside of its home market. The Beijing-based lender will also strengthen its foothold in Frankfurt and South Africa, where it operates two branches, Zhang Jianguo, 52, president of Construction […]
Read MoreFrom International Herald Tribune via The New York Times: During 20 years in the toy business, Anthony Temple has reveled in the bounty of cheap stuffed animals, coffee mugs and figurines on sale from China. But this year, his buying trip for his London-based company, Rainbow Designs, resulted in a rude awakening. Traveling through the […]
Read MoreFrom China Daily: Li Ka-shing(ÊùéÂòâËØö), 78, will bequeathe at least a third of his fortune – which is estimated at $18.8bn and rising fast – to his eponymous charitable foundation, as Asia’s richest man follows in the footsteps of his American peers Bill Gates and Warren Buffett. Li, sometimes called “Superman” by the Chinese-language press, […]
Read MoreFrom IHT: “It is natural that not everyone can afford excellent education resources,” a spokesman for the Education Ministry, Wang Xuming, was quoted as saying earlier this year in the official Beijing Review magazine. “A well-off man can go to a brand- name store to buy a 10,000 yuan suit while a poor person can […]
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