From Knight Ridder, via Siliconvalley.com: A look around China shows a handful of surprising advances in scientific niches, such as gene research, biomedicine and certain aspects of electronics. China’s technological capacity is beginning to climb. Whether, and how quickly, China scales the technological ladder is no small matter for the United States, which holds a […]
Read MoreFrom the Washington Post: For multinational companies grappling with stagnant sales, China has become a magnet for investment and a huge potential market beckoning with growth. Yet the lure of China profits combined with pervasive local corruption is tempting foreign companies and managers and bringing them into conflict with U.S. anti-bribery laws. In interviews, China-based […]
Read MoreFrom AFP, via Yahoo! News: China’s rapidly widening income gap has reached dangerous levels, risking social instability by 2010 if the present trend continues, a government report warns. “China’s growing income gap is likely to trigger social instability after 2010 if the government finds no effective solutions to end the disparity,” the Ministry of Labour […]
Read MoreFro The International Herald Tribune: China’s biggest state-owned oil company agreed on Monday to pay $4.18 billion for a Canadian oil company with substantial reserves in Kazakhstan, China’s largest foreign acquisition. The Chinese company, China National Petroleum Corp., outbid the Indian state-owned company Oil and Natural Gas in reaching a deal to acquire PetroKazakhstan.
Read MorePhoto: Brickworks at Huaihua, thanks to Mark Hobbs, via Blogger
Read MoreFrom The Financial Times: The wave of foreign investment into China’s banking system has aspects of a gold rush. Foreign banks are staking out territory in promising but highly uncertain terrain. Last week Royal Bank of Scotland and its partners Merrill Lynch and Li Ka-shing became the latest to put down a sackful of dollars: […]
Read MoreFrom The Japan Focus: China’s growing presence in South Asia is riding on its accelerated economic and strategic influence in the region. This article gauges the interplay between economic, particularly resource factors, and strategic factors in China’s advance in the region and its relations with South Asian nations. One measure of China’s economic outreach is […]
Read MoreFrom the Asia Times: Russia and China launched their first-ever joint military exercises on Thursday. Chinese General Liang Guanglie and Russian General Yurii Baluyevskii launched the exercises at a meeting at Russia’s Pacific Fleet headquarters in the Far East port of Vladivostok, with both commanders stressing at a news conference that the drills weren’t intended […]
Read MoreFrom AP, via Boston.com: Protesters demanding the closure of an eastern China battery factory they say is spewing lead into the environment clashed with police, and dozens of people were injured, witnesses and hospital officials said Sunday. After the initial melee with police, thousands of demonstrators torched police cars and broke into government offices, witnesses […]
Read MoreOn Hartfort Courant, the Chicago Tribune columnist Bill Barnhart wrote: Participating in China’s reality is a bit inscrutable. Take your cue from the style, as well as the substance, of China’s emergence. Peter Wall, chief investment officer for JPMorgan Private Client Services, says 75 percent of the world’s economic growth is being generated by the […]
Read MoreFrom AP, via HoustonChronicle.com: China faces a potential property bubble whose bursting could leave banks with huge losses, the central bank said in a report ” the government’s frankest assessment so far of the risks from inflated real estate prices. Average real estate prices in China rose by 14.4 percent in 2004 over the previous […]
Read MoreJob market in Hefei, Anhui province, via chinesenewsnet.com
Read MoreFrom The Space Review: Some time in the next two months, in all likelihood, China will launch Shenzhou 6, its second manned mission. Like the Shenzhou 5 flight two years ago, this mission will capture the world’s attention for at least a brief time, and be the focus of intense speculation about China’s future plans […]
Read MoreFrom The Christian Science Monitor: Chinese firms failed in their bids to buy Unocal and Maytag this summer. But that’s barely diminished the anxious warnings from Washington. Indeed, as China’s economy grows, it’s easy to think the 1980s are back. That’s when Japan’s economic “miracle” threatened the US, prompting an intense backlash as companies like […]
Read More
Click on the image to download Firefly for circumvention
CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.
