Photo: Xue Hai Restaurant in Shanghai, thanks to Shanghai Diaries for the photo, via www.flickr.com
Xue Hai Restaurant in Shanghai, thanks to Shanghai Diaries for the photo, via flickr
Read MoreGet Ready for China’s Greenspan – Stephen Green
From The Far Eastern Economic Review: Zhou Xiaochuan, governor of China’s central bank, is an influential figure. But he is not as important as Alan Greenspan. His successors will be though. Global financial markets will hang on their words”once they’ve been translated. This is because monetary policy will soon work as effectively in China as […]
Read MoreFBI Sees Big Threat From Chinese Spies – Jay Solomon
From The Wall Street Journal, via A Glimpse of the World: Back in the 1980s, David Szady was among the premier Soviet spy catchers at the Federal Bureau of Investigation, studying every aspect of the Kremlin’s mole network. Today, he’s mobilizing agents across the country to sniff out spies from a new rival: Beijing. “China […]
Read MoreUS tries to spin a web strong enough to contain China – Simon Tisdall
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 MoreChina: middle kingdom, world centre – Martine Bulard
From 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 MoreChinese artist defends fetus artwork- Alexa Olesen
From 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 MoreWhy Baghdad Must Make Do With Takeout – Craig S. Smith
From 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 MoreChina’s Economic Growth – Richard W. Fisher
This 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 MoreBattle of blogs in China – Reuters
From 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 MoreJapan protests at China gas move – BBC
From 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 MoreChina unveils steps for further currency reform
From 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 MoreA Chinese Chatroom Adventure – ESWN
From 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 MoreA punch bowl made in China – LA Times Editorial
From 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 MoreChina alarmists – William Hawkins
From 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 MoreChina Grows More Wary Over Rash Of Protests – Edward Cody
From 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 […]
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