From the Guardian: By linking up with China’s second biggest financial institution, the Royal Bank of Scotland has secured a powerful local partner ahead of the opening of China’s fast-growing banking sector next year. Bank of China is the nation’s top foreign exchange lender and one of the big four banks, which together control 60% […]
Read MoreFrom the South China Morning Post (subscription required): Six high-profile journalists from the weekly Economic Observer – one of the mainland’s most important business newspapers – resigned at the start of this month over concerns about the organisation’s expanding bureaucracy. Two more editorial staff members are believed to have resigned a week later. Senior reporter […]
Read MoreFrom the International Herald Tribune: The current Russia-China joint military exercises are not so much a symbol of trust and friendship between the two as a symptom of American overstretch. The two are reminding the United States of the limits of its unilateral global power. The exercises are also a way for each country to […]
Read MoreFrom the Washington Post, via the San Francisco Chronicle: Police in China’s northern Shaanxi province have arrested one of the nation’s leading advocates of private property rights, after officials posed as journalists and forged an e-mail from a prominent Hong Kong reporter to lure him out of hiding, friends and relatives said. The arrest is […]
Read MoreFrom the Sydney Morning Herald: In a bland five-storey building on Beijing’s Baiguang Road, Chinese Government officials are peering closely at photographs of middle-aged Westerners, their eyes darting constantly across to another set of pictures, close-ups of tiny, spiky-haired Chinese babies. The Westerners are some of the 15,000 or so foreign couples and single would-be […]
Read MoreFrom Business Week: The Internet has become arguably the world’s most important medium for information gathering, communications, and commerce. And China is now an economic superpower. It’s no surprise to us at Standard & Poor’s that at some point these two developments would come together in an extremely palatable way, and earlier this month, I […]
Read MoreMan smoking, thanks to 21mm for the photo.
Read MoreFrom Business Week: This summer, BusinessWeek brought together 13 of the smartest people we could find for an online roundtable on the past, present, and future of China and India (see below for a list of participants). On each of eight days, we posted a new question. Economics Editor Peter Coy moderated the discussion. The […]
Read MoreNanfang Zhoumo (Southern Weekend), one of China’s most popular newspapers and part of the independent-minded Southern Daily Group, has published a lengthy report on government efforts to censor the Internet. [UPDATE: ESWN...
Read MoreFrom BusinessWeek online: It’s adding massive factory capacity in tech-intensive industries such as autos and electronics. The automotive world barely noticed, but a little bit of Chinese economic history transpired in late June at the Xinsha Port in Guangzhou. In a dockside ceremony replete with costumed dragon dancers, Honda Motor Corp. (HMC ) executives and […]
Read MoreFrom the New York Times: “The Wall,” a major retrospective of Chinese contemporary art from the last 20 years, is a thought-provoking exhibition that explores the many walls – physical and metaphorical – that unite and divide Chinese society. The show, which runs here until Sunday and opens at the State University at Buffalo on […]
Read MoreFrom The China Daily: More money must be invested in China’s healthcare system to ensure children receive effective medical treatment, an official from the Ministry of Health told China Daily yesterday. Shortage of funds is the main reason for the lack of medical treatment for rural children, said Zhang Xun, vice-director of the Department of […]
Read MoreFrom The Washington Times: A joint Chinese and Russian military exercise set to begin tomorrow is meant as a political signal to the United States, in addition to helping Moscow showcase its weapons for sale to China, U.S. defense and intelligence officials said yesterday. “For the Chinese and the Russians, this is a message to […]
Read MoreCars line up at a gasoline station, Dongwan, Guangdong Province, via duowei.com.
Read MoreFrom Xinhua: A special police detachment engaged in anti-terror and riot activities and dealing with emergencies has been formed in Zhengzhou, capital of central China’s Henan Province, on Wednesday. The detachment, affiliat ed to the Zhengzhou City Public Security Bureau, was set up in response to the decision of the Ministry of Public Security to […]
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