From The Washington Post: Political fears of China’s economic might intensified yesterday following China’s unsolicited bid to take over a U.S. oil company, with lawmakers from both political parties warning that Congress will take retaliatory action against Chinese trade practices if the Bush administration fails to respond. Under a barrage of questions, Federal Reserve Chairman […]
Read MoreFrom The International Herald Tribune, via A Glimpse of the World: China’s awesome performance in many basic industries, like textiles, which is achieved in part through overinvestment, comes at the expense of many of the world’s poorest countries, which simply cannot compete. So far, the Chinese bargain offered to these countries has been all about […]
Read MoreFrom The New York Times: The move by the Haier Group, a Chinese manufacturing colossus, to acquire the Maytag Corporation could transform Haier into one of the world’s most powerful appliance makers and give the company a greater foothold in America and Europe. In addition, analysts say, the purchase would be another big step in […]
Read MoreFrom Economist.com: The state-controlled China National Offshore Oil Corporation has bid $18.5 billion for Unocal, an American energy company, in the latest sign that China is looking overseas for natural resources and brands. Controversially, acquisitive Chinese firms are getting a lot of help from their government Technorati Tags: China, Unocal On other blogs Technorati Tags: […]
Read MoreChina’s New Reality: in Beijing and Shanghai, the shapes of things to come, from www.time.com
Read MoreFrom The Standard: China’s state-controlled oil companies have been scouring the world in search of reserves to feed the mainland’s fast-expanding appetite for oil and natural gas. So on the face of it, CNOOC’s last-minute effort to snatch Unocal away from would-be buyer Chevron for US$18.5 billion (HK$144.3 billion) in cash might seem to make […]
Read MoreOn the same issue of rural associations, China analyst David Cowhig introduced another China scholar’s work. Here is the email from David: Yu Jianrong of CASS also says that peasants organizing themselves to represent their own interests is the only way they will be able to solve their problems. Yu suggests that China should let […]
Read MoreFrom the BBC: America’s image is still so tattered abroad after the Iraq war that China is viewed more favourably than the US in many countries, a global poll finds… “It’s amazing when you see the European public rating the United States so poorly, especially in comparison with China,” said Andrew Kohut, director of the […]
Read MoreFrom AP, via The New York Times: Federal Reserve Chairman Alan Greenspan told lawmakers Thursday that there’s no credible evidence U.S. manufacturing activity or factory jobs would be helped by China revamping its currency system. The Bush administration has been pressing Beijing to change its system. Greenspan, in prepared testimony to the Senate Finance Committee, […]
Read MoreFlood in Wuzhou city, Guangxi Province, from yecao.net
Read MoreFrom the June 21 USA Today: All across the continent, Chinese companies are building dams, repairing roads and running telecommunications systems. The modern scramble for Africa resembles the late 19th century, when European nations carved up the continent as they searched for minerals and slaves. Now they have been joined by Chinese companies. With world […]
Read MoreFrom The Southern Weekend (in Chinese), translated by Joseph McMullin, via The Press Interpreter: Among the mistruths widely circulated about Chinese people, especially those from the country, is that they are incapable of cooperation. Some say that the only thing Chinese farm cooperatives have been able to produce is just a heap of potatoes. Conversely, […]
Read MoreFrom News.Scotsman.com: Heavy rains and mudslides killed dozens of people across China’s densely populated southeast, pushing the region’s death toll to at least 131 and forcing the evacuation of more than 900,000 from flooding that was the worst in a century in some places, the government said today. Technorati Tags: China, Guangxi, Fujian Technorati Tags: […]
Read MoreFrom The Asia Times Online: The lightning-fast emergence of supermarkets over the past decade may be the final piece of the China market puzzle. Rising incomes and an expanding urban middle class are setting the stage for China’s development as a market for imported foods. Until recently, many exporters eyeing the Chinese market fled in […]
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