From the Guardian: George Bush‘s personal interest in Mongolia might be thought limited. Yet, when the country’s then leader visited Washington last year, the US president enthusiastically declared “a new era of comprehensive partnership”. Mongolia’s 2.6 million people occupy an area of 604,000 square miles (the UK has nearly 60 million people in 95,000 square […]
Read MoreFrom Le Monde Diplomatique: China has announced that the yuan will no longer be pegged to the dollar; greater currency flexibility will permit Beijing to use monetary policy to control its economy. And the entry of its enormous labour force into the global economy will change the world balance of trade. China wants to bypass […]
Read MoreFrom Associated Press: BEIJING –A Chinese artist who grafted the head of a human fetus onto the body of a bird has defended his work as art after a Swiss museum withdrew the piece from an exhibit. “It’s precisely because I respect all life that I did this,” artist Xiao Yu said Tuesday. He said […]
Read MoreFrom the New York Times: Things were looking up for Chen Xianzhong, proprietor of Baghdad’s first authentic Chinese restaurant in the new Iraq, until a suicide car bomber blew up outside the place less than two weeks ago. The deafening blast shattered the windows and spewed body parts into the dining room. A foot landed […]
Read MoreThis is Richard W. Fisher’s speech on News & Events – Federal Reserve Bank of Dallas: As you contemplate them, you might start by putting China’s economy in context. One can paint two starkly different pictures of China right now, the Big China view and the Little China view. The Big China view centers on […]
Read MoreFrom Reuters, via the International Herald Tribune: Blogging is blooming in China as the country’s vast pool of Web users try to make their mark online and ambitious local start-ups battle foreign heavyweights for a piece of the market. China now has a 14.2 million-site “blogosphere,” with a new blog, or Web log, created every […]
Read MoreFrom BBC NEWS: Japan has lodged a new protest against China’s drilling for gas near a disputed part of the East China Sea. Trade Minister Shoichi Nakagawa said he had information that a Chinese consortium was laying pipes to prepare to tap the area’s huge gas resources. “We have protested to the Chinese government through […]
Read MoreFrom The Financial Times: China stepped up the pace of its effort to liberalise its currency regime, allowing more financial institutions and companies to trade foreign currencies in the spot market and introducing renminbi forward contracts and swaps into the onshore interbank market. The announcement follows the landmark move by the central bank three weeks […]
Read MoreFrom The EastSouthWestNorth blog: News media know that they have to keep the excitement level up in order to keep their audience. But news media know that they depend heavily on external development and events (such as the The Fuzhou Bus Explosion), which are beyond their control. During times when nothing new and exciting is […]
Read MoreFrom the Los Angeles Times (free registration required): A FORMER FEDERAL RESERVE CHAIRMAN once famously said it was the central bank’s job to “take away the punch bowl when the party is warming up.” That’s precisely what Alan Greenspan and his colleagues at the Fed have been doing for more than a year now, as […]
Read MoreFrom the Washington Times: The public would be shocked at the work done in Washington by American firms on behalf of overseas interests trying to influence U.S. policy. James Sasser, ambassador to Beijing during the Clinton administration, once said, “The Chinese really don’t do any lobbying. The heavy lifting is done by the American business […]
Read MoreFrom the Washington Post: Facing a steady rhythm of violent protests, the Chinese government is showing increased concern about stability, using caution in putting down riots around the country but warning people that violence will not be tolerated. The fallout from a series of demonstrations has been magnified recently because of loosened restrictions on news […]
Read MoreFrom Time Asia: Chinese authorities say they have identified the virulent disease that appeared in Sichuan province in late June, which has sickened a suspected 212 people so far and killed 38: Streptococcus suis, a bacteria in pigs that very rarely infects human beings. Last week, a team of experts from Hong Kong who assisted […]
Read MoreTyphoon aftermath and repairs at Fudan University, Shanghai, thanks to James Henry for the photo
Read MoreFrom The Washington Post: Beneath the cracked plaster ceilings of the Honghua Knitwear & Garment Factory, sewing machines sat motionless on a muggy afternoon, idled by a rolling blackout imposed to cope with chronic energy shortages. Laborers lolled on plywood bunks in a cramped and airless dormitory, resting before another illegal night shift. Five miles […]
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