From the International Herald Tribune: Critics of the World Bank are training their fire on the institution’s loans to China, a capital-rich country on a buying spree for U.S. bonds and companies, saying the money should go to needy nations. The World Bank, whose mission is to fight poverty in developing nations, lends to China […]
Read MoreFrom the Washington Post: China formally charged a prominent Hong Kong journalist with spying for Taiwan on Friday, ratcheting up a politically sensitive investigation that has also resulted in the arrest of a mainland scholar with ties to China’s president, Hu Jintao. The government decided to charge Ching Cheong, chief China correspondent for the Straits […]
Read MoreFrom the Globe and Mail: In a trading frenzy reminiscent of the tech boom, Baidu.com shares — 13 per cent of the company was sold Thursday at $27 (U.S.) a share — increased 354 per cent in value in yesterday’s trading, closing at $122.54. The share price opened at $66, and traded as high as […]
Read MoreFrom The San Francisco Chronicle: All around this orderly, law-abiding country, people are being urged to do what until now has seemed totally unnatural: Take risks! Be spontaneous! Be creative! On billboard ads, young models with devil-may-care looks jump ecstatically in midair to hawk clothing, sodas and real-estate developments. Banks sponsor blogger competitions and art […]
Read MoreChinese soldier on the metro, thanks to 21mm for the photo.
Read MoreFrom The Newsweek: China’s rise presents great opportunities and great challenges for the world. But they are new and quite complex. There are some in Washington”like Rumsfeld”who seem to see it as a replay of the cold war, with China playing the role of the Soviet Union. This misunderstands both present-day China and the world […]
Read MoreFrom The Australian: ANTHRAX has killed one person and infected 12 in northeast China, state media reported on Sunday, in the latest outbreak of animal-borne disease to hit the country in recent weeks. Anthrax, a disease caused by spore-forming bacteria normally contracted through contact with infected livestock, struck on July 29 outside Shenyang, in Liaoning […]
Read MoreFrom the Financial Times: CNOOC never received explicit approval from the Beijing government for its daring $18.5bn bid for US energy group Unocal – a lack of support that contributed to this week’s collapse of the Chinese group’s takeover attempt… Despite protests from US politicians that the state-controlled group’s bid was sponsored by Beijing, people […]
Read MoreFrom The Guardian Unlimited: Wall Street was partying like it was 1999 last night, after shares in Baidu.com, the Google of China, rose 354% in their market debut, the best performing initial public offering in five years. The spectacular rise recalled the heady days of the dotcom boom when technology and internet-related companies routinely trebled […]
Read MoreFrom CBC: In a new attempt to reassert control over popular culture, China has barred new foreign television channels and plans to step up censorship of imported programs. China has greatly liberalized media markets over the past three years and satellite broadcasters such as News Corp. and Viacom have moved in. But that’s prompted concern […]
Read MoreFrom Business Week: The now-withdrawn $18.5 billion acquisition bid for Unocal Corp. (UCL ) by CNOOC Ltd. (CEO ), China’s third-largest oil company and one that is 70% owned by the Chinese government, encountered a buzz saw of opposition, exposing America’s deep anxiety about China’s rapid emergence as a global economic power. Even though the […]
Read MoreFrom The BBC News: Once through the toll booths on the main highway, the first roadside billboard in Sichuan is somewhat surprising. It tells incoming drivers they are entering a “disease free zone”, a model for the nation. But far from being disease free, this area has become a death zone. A disease caused by […]
Read MoreFrom EurasiaNet: Russia and China delivered a one-two punch to Washington’s ambitions in Central Asia on the eve of the G8 summit with a joint statement on “international order” followed by a meeting of the Shanghai Cooperation Organization (S.C.O.) that was hostile to U.S. interests. While this combination was not enough to knock the U.S. […]
Read MoreFrom The Global Voices Online Blog: (tipped by China Herald blog) Bokee.com, formerly known as Blogchina, is the largest Blog Service Provider in China, with 2 million blog accounts. However some Chinese bloggers have been very critical of what Bokee did and the word “Boke”, Chinese translation of “Blog”, which Bokee has been trying to […]
Read MoreFrom The Times Online: China yesterday charged a journalist for a Singapore newspaper with spying for Taiwan, alleging that Ching Cheong had accepted hundreds of thousands of dollars to carry out espionage. The arrest of the veteran journalist, who has reported on China for more than 20 years and is familiar with numerous government officials […]
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