From Business Week: As China’s internet market sizzles — 94 million Chinese now go online, second only to the U.S. — many of its Web companies have rocketed from startup obscurity to stock-market fame. Shanghai gaming innovator Shanda Interactive Entertainment Ltd. (SNDA ) last year raised $100 million in an initial public offering and now […]
Read MoreFrom BBC: Taiwan’s National Assembly has approved important constitutional changes which supporters say will strengthen the island’s democracy. Future amendments will have to be decided by referendums, which means the Assembly has effectively voted for its own abolition. The move will alarm China, which fears referendums could be used to edge Taiwan towards formal independence.
Read MoreFrom the International Herald Tribune: A Chinese diplomat renewed his bid to defect to Australia on Tuesday after a first asylum request was rejected amid concerns that the case could harm growing trade relations with China. See also “China defector in Australia contacts U.S. mission” from Reuters and “Pro-democracy claims not convincing: China expert” from […]
Read MoreFrom AFP, via Taipei Times: Picasso’s paintings have captured the imagination of art lovers the world over but they remain a mystery to many in China, as visitors at an exhibition of his lesser-known works here attest. Beijing has a lively art scene and its residents pride themselves as the most culturally informed in the […]
Read MoreBlack Dragon Lake, Lijiang, Yunnan Province. Thanks to Jesse Chen for the photo.
Read MoreFrom The Time Asia: China has grown into the world’s made-to-order contract manufacturer, source of more than half the world’s output of toys, radios, DVD players, telephones, cameras, and much more. But while most of that production is legitimate”China’s factories are paid by foreign companies to mass-produce the latter’s ideas and designs”much of it is […]
Read MoreFrom Xinhua,via china.org.cn China’s charities receive little support from the business community with only one percent of domestic companies having ever made donations, according to a China Youth Development Foundation report released Monday. The report cited by the Beijing News Monday said that only 100, 000 of China’s 10 million registered companies have donated to […]
Read MoreFrom Interfax: The Chinese government is using a new internet content management system named the “Night Crawler System” (pa chong) to block access to websites that have not been registered with authorities as of the June 1 deadline established by the Ministry of Information Industry (MII) in March of this year… Authorities have now begun […]
Read MoreFrom the Standard: The 10 mainland western provinces suffer an annual economic loss of up to 150 billion yuan (HK$141.1 billion) because of environmental deterioration, according to state media. The amount lost accounted for 13 percent of the local yearly gross domestic product, Xinhua News Agency reported Sunday, quoting a government research report. See also […]
Read MoreFrom the International Herald Tribune: Thousands of workers in a Hong Kong-owned textile mill in southern China staged a strike and protested for higher wages and clashed with police, prompting riot police to use tear gas and arrest workers, Chinese media reported over the weekend. The strife erupted on Friday morning at the Futai Wool […]
Read MoreFrom The Washington Post: As he rose through the ranks at China’s largest lender, Zhang Guilin helped build the bad debt crisis plaguing his country’s banks, the gravest threat to this fast-growing economy. Zhang directed funds to cronies and political allies, authorities here say, adding to a national toll of bad loans estimated at $500 […]
Read MoreFrom the Chicago Tribune: The timing for a performance art boom seems exactly right for urban China, which has reached a level of sophistication, affluence and self-absorption that leads naturally to self-reflection and critical analysis. But these are potentially dangerous notions to an authoritarian government. Because performance art is very public, provocative and can start […]
Read MoreFrom Reuters: Hong Kong is unlikely to win more democracy from Beijing, despite promises by the man expected to be its next leader that he will usher in a new era of openness and strong governance, political analysts said on Monday. Backed by Chinese leaders, Donald Tsang is certain to clinch a two-year term as […]
Read MoreScotsman.com The United States has urged China to account for thousands of citizens who were killed, detained or disappeared during the “brutal and tragic” Tiananmen Square crackdown. The Chinese authorities tightened security over the weekend and there were no signs of public commemorations in the giant square, where the student-led protests ended on 4 June, […]
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