From the Miami Herald: Once considered too difficult and virtually useless by many Latin Americans, Chinese is quickly becoming the second language of choice for a growing number of people in the region as Beijing’s economic boom has dramatically increased trade and investments with the mostly Spanish-speaking continent. Three to five times more Latin Americans […]
Read MoreFrom the Register: Google has poached the founder of Microsoft Research’s Chinese facility to set-up and run its own Chinese R&D operations. Dr Kai-Fu Lee was Tuesday morning named head of a planned product and research development center in China, due to open in the third quarter, with Lee also planned to head-up Google’s Chinese […]
Read MoreFrom the International Herald Tribune: They grew up during China’s Cultural Revolution, when Mao Zedong’s brutal political campaigns in the 1960’s and 1970’s tore apart families, pitting children against their parents and husbands against their wives. Today, they are some of the most powerful deal makers in China, a group of rich and politically astute […]
Read MoreFrom the Detroit Free Press: Should we worry that the emergence of China and its 2 billion people as a global economic power will mean fewer jobs and lower wages for years, maybe decades to come, in Michigan? Or should we accept the inevitability of China’s rise, quit sniveling and go capture as much business […]
Read MoreFrom the Washington Post: The riot, on the morning of June 3, had its roots in the refusal of China’s government to permit the establishment of any independent organization, including nongovernment labor unions, as a reliable, independent channel for workers’ grievances. It was a shocking first for Xizhou, a raw industrial zone on the northeastern […]
Read MoreFrom Asia Times Online: Notorious for lagging behind international standards, elite healthcare has gone high-end on the mainland, most visibly in the form of private clinics in luxury hotels. The St Regis is the latest to offer both butler, and clinical, services. In June, United Family Hospitals and Clinics expanded its Chinese facilities – already […]
Read MoreFrom the New York Times: After three nights of increasingly heavy rioting, the police were taking no chances on Monday, deploying dozens of busloads of officers before dusk and blocking eve Protesters, who say the pharmaceuticals factory at Xinchang pollutes their water, were blocked on Monday by police barricades. There is rising discontent in China […]
Read MoreFrom The New York Times: As China races toward a more market-driven economy, it is building new theaters, concert halls and museums nearly as fast as it is erecting Western-style shopping malls, hotels and business complexes. But the government is also decentralizing control of the arts industry, cutting the full subsidies long provided to companies […]
Read MoreFrom The LA Times (Sub. Required): The United States is preparing to open a new diplomatic front in its increasingly complex relationship with China in an effort to reduce the danger of a major miscalculation between the two giants. Unlike current contacts that focus on specific economic, political and security issues, the new dialogue will […]
Read MoreFrom MSN Money: China is not as big an economic threat to the United States as some of you seem to think. In fact, I think China is looking at a horrific double-barreled economic crisis over the next 30 years. The real danger to the United States is that the Chinese won’t figure out how […]
Read MoreFrom The Business Standard: The Bush administration has told key senators that it expects China to revalue its currency in August ahead of a planned visit to Washington by President Hu Jintao in September, according to people familiar with the matter. Senators Charles Schumer and Lindsey Graham, co-sponsors of a bill that would impose a […]
Read MoreCurrent photos of Jiang Zemin and Zhu Yongji posted on Chinese BBS, via boxun.com.
Read MoreFrom The Financial Times (Sub. required): Chinese RenminbiChina’s foreign exchange reserves increased by just over US$100bn in the first six months of this year to US$711bn, nearly double the rate at which its store of overseas currency rose in the same period last year. China’s foreign reserves are on track to break US$1,000bn by June […]
Read MoreFrom The China Daily: After experiencing a steel war, auto war and beef war respectively, global trade war has evolved into a tug of war over textiles in 2005. China assumes a key role in the ongoing trade war due to its increasing participation in the exports of textile products. Chinese producers’ sophisticated ability to […]
Read MoreFrom The New York Times: Chieng’s first novel, “A Long Stay in a Distant Land,” is a generous family saga disguised as a tight coming-of-age story. That coming-of-age belongs to Louis Lum, a couple of years out of college but still adrift. Louis, a fact checker at a hot-rod magazine (who knew such an occupation […]
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