From the Boston Globe: Contemporary Chinese art is sizzling. Christie’s auction house, which opened a branch in Beijing 10 years ago to scout for new work in the country’s burgeoning art scene, conducted its first auction there in November, looking to capitalize on the appetite for art among China’s newly rich. Next month, Sotheby’s will […]
Read MoreFrom the BBC: China and Japan are to resume routine talks amid continuing diplomatic tension over several issues, including a controversial war shrine in Tokyo. The talks are set to take place on Friday and Saturday, in Japan. The announcement followed comments at the weekend by Japan’s Foreign Minister Taro Aso which angered Beijing. See […]
Read MoreFrom Asia Times: An arm of the Chinese government made an unexpected announcement recently: it openly admitted that health-care reform in China has failed. In a report by the Development Research Center of the State Council, the authors wrote that “generally speaking, the reform [has been] unsuccessful”, citing wasted resources and a decreasing number of […]
Read MoreFrom Asia Times: It’s no secret among cadres in Jiangsu province that their Chinese Communist Party (CCP) secretary, Li Yuanchao, is the leading contender to be the next premier of China in 2013. It is equally no secret that some don’t share much pride in this. Li, 55, has drawn mixed feelings among his fellow […]
Read MoreFrom Reuters: Bank of China, planning an $8 billion share sale, said on Monday it had learned from its mistakes and would tighten internal controls, after former staff were charged in the United States with a scheme to defraud the bank of nearly half a billion dollars over 13 years. The lender, one of China’s […]
Read MoreFrom Xinhua: The State Development and Reform Commission (SDRC) said in a report issued on Sunday that China’s urban income gap between rich and poor has widened to an alarming and unreasonable level. The SDRC made the announcement in line with a social investigation into China’s urban residents and relevant statistics from the National Bureau […]
Read MoreFrom Reuters: China, home to the world’s deadliest coal mines, has set a deliberately modest goal to reduce the death toll this year by beefing up safety and closing thousands of unsafe collieries, state media said. Official figures show 3,341 gas explosions, pit floods and other accidents in Chinese coal mines killed 5,986 people in […]
Read MoreFrom EastSouthWestNorth blog: This incident will probably be counted among the almost 100,000 mass incidents that have occurred or will occur in year 2006. In brief, more than 500 villagers were involved in a fight in which shots were fired and bombs were thrown. More than 20 people were injured, including two policemen (one of […]
Read MoreA family enjoy their New Year’s meal in Laoxiancheng Village in Shanxi province, by Natalie Behring via Flickr.
Read MoreFrom the Economist: HOME to nearly two-fifths of humanity, two neighbouring countries, India and China, are two of the world’s fastest-growing economies. The world is taking notice. In December, a report by America’s National Intelligence Council likened their emergence in the early 21st century to the rise of Germany in the 19th and America in […]
Read MoreFrom the International Herald Tribune: China’s spectacular economic rise over the past quarter-century has started to create enormous wealth, and prices for Chinese art have risen steeply, especially in the last three years. But Chinese art collectors have barely begun to show interest in Western masterpieces. Japanese banks, insurers and individuals shook the art world […]
Read MoreFrom the New York Times: …And what if ” as a mark of good faith for being permitted to do business in what any rational observer has to admit is now the most tantalizing Internet and technology market on the planet ” an executive from each company were required to assist, mano a mano, in […]
Read MoreFrom the Guardian, via The Taipei Times: If China and other developing nations were to match US levels of consumption, the consequences would be disastrous, but the technology exists for such a scenario to be avoide. For almost as long as I can remember, the experts have been saying that the US, with 5 percent […]
Read MoreFrom the Independent: Europe is “sleepwalking” into a multi-billion pound trade war with China on the back of a groundswell of protectionism among Continental industries struggling to compete with low-price imports, British companies are warning. In a week’s time, a committee of technocrats holds a private meeting in Brussels to recommend whether the European Union […]
Read MoreFrom the New York Times: Thousands of people lined up to visit Mickey Mouse in Hong Kong this week. But when they could not get in, they got grumpy. Crowds of angry Chinese, brandishing tickets after they were turned away at the entrance to Disneyland in Hong Kong, had shouting matches with the police and […]
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