From Reuters, via Hindustan Times India’s state-run Oil and Natural Gas Corp is still in the running for a stake in assets of Russian oil major YUKOS, with state officials due to negotiate in Moscow later this month, a top Government official said on Saturday.
Read MoreFrom Xinhua – English: Firecracker booms rocked urban Beijing with bright flashes during this year’s Chinese Lunar New Year holiday, challenging the city’s 12-year-old ban on the festive but often dangerous explosives. Even within the second ringroad — the innermost areas of Beijing’s city proper, cracks are constantly heard created by unidentified passers-by, though posters […]
Read MoreFrom Xinhua – English: One out of every three owners of private businesses in the country is a member of the ruling Communist Party of China (CPC), according to an official survey. The survey was jointly conducted by the Organization Departmentof the CPC Central Committee, the All-China Federation of Industryand Commerce, and the China society […]
Read MoreFrom MSNBC: North Korea’s latest statement claiming possession of nuclear weapons and “indefinitely” pulling out of the six-nation talks to resolve the nuclear impasse presents China with a diplomatic quandary at a time of increased pressure from the Bush administration, analysts say. “It definitely presents China with a problem,” said Jin Canrong, a senior international […]
Read MoreFrom Reuters.com: China has accused Japan of a “severe provocation” after Tokyo moved to take over a lighthouse built years ago by right-wing activists on a small, disputed group of islands in the East China Sea. An unidentified official from the Foreign Ministry’s Asian department had made solemn representations to the Japanese over the incident, […]
Read MoreFrom Businessweek The auto giant is taking its cost-slashing drive to a new level. Can its suppliers match China’s cheaper parts?
Read MoreFrom the asahi.com: China’s demand for PET bottles could cause the demise of Japan’s recycling industry. `There is the strong possibility that the recycling system in Japan will be completely destroyed in a year or two.’TAKEHIKO MATSUMOTO Japan Containers and Packaging Recycling Association For municipalities, it makes financial and environmental sense. Shipping used polyethylene terephthalate […]
Read MoreThis is not “news”, but a set of images from China’s recent history. It is “A Collection of Newspaper Masthead Clip Art”: This is an outstanding collection of Cultural-Revolution era imagery and propaganda, made available with thanks to Webster University (for use of their scanning station) and Flickr. Translations will be added over time.
Read MoreFrom Morgan Stanley’s Global Economic Forum: Chinese currency policy has now become a cause c√©l√®bre in world financial markets. To peg or not to peg — and against what and when — are choices only China can and should make. But given China’s increasingly important role in the world economy, there are important global consequences […]
Read MoreFrom Asia Times Online: December 2004 will be remembered as a time when a faceless Chinese company, Lenovo, suddenly took the global stage. The bluest of blue-chip multinationals, IBM, got out of its personal computer business by selling out to Lenovo, making the faceless company the third-biggest global PC player. So are there other Chinese […]
Read MoreFrom Asia Times Online: US Defense Secretary Donald Rumsfeld’s willingness to resume military contacts with China comes at a time of what appears to be increasing tension between the two countries. China recently issued a report expressing concern about the US military presence in the Pacific Ocean, and it described as “grim” the security situation […]
Read MoreFrom New Kerala: A bar featuring ‘sex culture’ will be open in an eastern Chinese city to promote education in the taboo subject, the state media reported today. The ‘Sex Culture Bar’ will be open in April alongside the Sex Articles Distribution Centre in Nanjing, capital of Jiangsu Province.
Read MoreFrom New Kerala: To refurbish its image as one of China’s engines of growth, the southern city of Guangzhou today said it plans to set up no-begging zones in the downtown areas and districts where governmental and Communist Party organisations are located. The growing presence of beggars, especially professional beggars, poses a threat to social […]
Read MoreFrom inadaily.com: Three images shape the perception of China abroad: China as the world’s factory, as the world’s biggest market and as a huge risk. It may be time to add a fourth: China as an idea factory, as a prime location for research and development. In the 1990s, the Chinese were feared copy artists. […]
Read MoreFrom BBC NEWS: China’s newly rich are increasingly vulnerable to abduction The Chinese government has warned its wealthy citizens about the danger of being kidnapped for ransom. The Ministry for Public Security said nearly 4,000 people had been kidnapped in the country in the past year. The numbers are similar to 2003. But the ministry […]
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