From 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 […]
Read MoreFrom Reuters, via msn.co.uk: In crowded, fast-paced and expensive Hong Kong, where financial success is paramount, depression is a growing problem. There were 1,000 suicides in 2004, up from 915 in 2000. An estimated 70,000 of Hong Kong’s nearly seven million people suffer from serious depression, but Lam says one out of every five residents […]
Read MoreFrom Fast Company: Lenovo, which became the world’s third-largest PC maker when the deal went through in May, hired Portland, Oregon-based design consultancy ZIBA to study how Chinese consumers use electronics. A team of five U.S.-based designers and researchers won highly unusual access to private homes where they were able to document Chinese attitudes toward […]
Read MoreFrom the San Francisco Chronicle: Boeing could lose billions in contracts for commercial jetliners. A deal to speed lucrative sales of U.S. software to Chinese government agencies could come undone. Beijing may become more intransigent about revaluing its currency vis-a-vis the dollar. The business climate for U.S. companies heavily invested in China’s fast-growing market could […]
Read MoreFrom AFP, via INQ7.net: Concerns about media censorship were heightened in Hong Kong Sunday when a delegate to China’s legislature said the city’s public broadcaster should be clipped of its independence. The comments from National People’s Congress member Peter Wong came as the Chinese territory’s Journalists Association accused the city’s new Beijing-appointed leader of paying […]
Read MoreFrom China Daily: More male Asian elephants in China will be born without tusks because poaching of tusked elephants is reducing the gene pool, a recent study predicts. Research by Zhang Li, an associate professor of zoology with the college of life sciences at Beijing Normal University, discovered that the gene for tusklessness is spreading […]
Read MoreFrom AFP, via NEWS.com.au: CHINA recorded some 2700 mining fatalities in the first half of the year, with major accidents involving up to 29 fatalities more than doubling during the period, state press reported today. Some 2672 miners died in Chinese mines during the first six months of the year, a 3.3 per cent rise […]
Read MoreFrom Bloomberg, via Financial Express: A one percentage point drop in China’s economic growth would cut labour demand by 900,000, damping job prospects for migrant workers, according to a report by a government agency. ”Migrant workers from rural areas would be first to fall victim to reduced demand,” said Ma Xiaohe, director of the Beijing-based […]
Read MoreFrom Xinhua: Occupational disease, a health problem caused by exposure to workplace health hazards, is taking enormous tolls, both human and economic, on China, the China Daily said on Saturday. Every year, the direct economic loss caused by occupational disease or work-related injuries amounts to 100 billion yuan (12 billion US dollars), while the indirect […]
Read MoreFrom the Daily Telegraph: In its 2,000-year history, Kashgar, a once fabled oasis between the Taklamaken Desert and the Pamir Mountains, has been ruled by Turks, Mongol khans and Chinese, and seen wrenching changes of fortune. But it has never seen such a transformation as the five-year cultural revolution, now drawing to a close, inflicted […]
Read MoreFrom the AP: China tried to quell an uproar Saturday over a general’s comment that Beijing might use nuclear weapons against the United States in a conflict over Taiwan, saying the statement was his personal opinion. The U.S. State Department on Friday criticized the remark by Maj. Gen. Zhu Chenghu, a dean at China’s National […]
Read MoreFrom the San Francisco Chronicle: China’s third-largest oil company has run into roadblocks in both houses of Congress over its bid to buy California’s Unocal Corp., a controversial quest that has raised national security fears. Sen. Byron Dorgan, D-N.D., introduced a bill in the Senate on Friday that would bar the Chinese National Offshore Oil […]
Read MoreFrom The New York Times: China’s low wages and hunger for exports have already changed many industries, from furniture to underwear. The art world, at least art for the masses, seems to be next, and is emerging as a miniature case study of China’s successful expansion in a long list of small and obscure industries […]
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