From the Mercury News: China’s role in the international economy took a big step forward this week when a plucky computer maker named Lenovo bought a majority stake in IBM’s personal computer business. The $1.75 billion deal signified a bold attempt by a Chinese electronics company to control a global brand. It was also China’s […]
Read MoreFrom Xinhua, via China Daily: “China has an average of 8.7 million hectares of forests ravaged by plant diseases and insect pests every year, incurring losses of 88 billion yuan (US$10.6 billion), according to a senior forestry official. Global warming, frequent foul weather and closer international economic and trade ties have conspired toward aggravating plant […]
Read MoreFrom the New York Times: “Japan adopted plans Friday to shift its military focus away from the cold-war threat of invasion from the Soviet Union to guarding against missiles from North Korea and Chinese incursions around its southernmost islands. The new policy cuts tanks and artillery pieces by one-third, to about 600 of each, but […]
Read MoreFrom CNN: “Taiwan’s opposition has won a legislative majority in a stunning upset over President Chen Shui-Bian’s pro-independence coalition. The opposition Nationalist Party and its allies won a combined 114 of the 225 seats in parliament in Saturday’s election, the Central Election Commission said.”
Read MoreFrom Kyodo, via Yahoo News: “Japan’s naming Friday of China for the first time as a defense concern in its new defense policy outline poses the danger of intensifying bilateral tensions and may even lead to a vicious cycle of further military buildup in the region. The announcement of exempting sales of missile defense arms […]
Read MoreFrom Reuters: “China voiced deep concern on Saturday over Japan’s sweeping overhaul of defense policy that eased a decades-old ban on arms exports and suggested a shift from a defensive posture in place since its World War II defeat. Tokyo unveiled its first sweeping review of defense policy in nearly a decade on Friday, envisioning […]
Read MoreFrom the Big News Network: “Japan has filed another protest with China over a Chinese maritime survey vessel Japan says was in its waters in the Pacific again. But, China says the ship was in international waters. Hiroyuki Hosoda, Japan’s chief cabinet secretary, said he had filed the second protest after spotting the vessel in […]
Read MoreFrom the Associate Press: “Taiwan’s leader urged voters to make history Saturday by giving his party and its pro-independence ally control of the legislature for the first time — a change that could bring the island closer to a conflict with rival China.”
Read MoreFrom Pakistan’s Daily News: “Japan took another step away from its post-World War II pacifism on Friday by ending its decades-old ban on military exports and telling defense planners to regard China and North Korea as potential threats. Prime Minister Junichiro Koizumi’s cabinet agreed to allow military sales – only to the United States and […]
Read MoreEven as China’s economic growth slows down, there is a severe shortage of freight cars to deliver coal, iron, ore, and oil to continue feeding the mass industry in China. China Economic Net’s Story on Freight Car Shortage Many developmental agencies, like the Asian Developmental Bank, are investing millions of foreign and domestic dollars to […]
Read MoreFrom the International Herald Tribune: While the flutter of a butterfly’s wing might not be quite enough to disrupt the international economy, it does not take more than a few flutters to spook traders, bankers and governments into interlinked financial crises. The vulnerability of advanced national economies to international disruption was demonstrated first in 1914, […]
Read MoreFrom the International Herald Tribune: “China has abruptly blocked a meeting of global union and business leaders scheduled for next week that aimed to press Beijing to do more to protect workers’ rights. The meeting, put together by the Organization for Economic Cooperation and Development after lengthy consultations with Beijing, was effectively canceled Wednesday when […]
Read MoreFrom China Economic Net: “China may overtake the United States as the world’s largest broadband Internet market due to strong demand. A recent report by the UN’s International Telecommunications Union said in 2004, the United States had over 25 million broadband subscribers, while China has already added 11 million new users in 2003 to reach […]
Read MoreFrom the Associate Press: “Two men and a woman were executed Friday in southwestern China for abducting and selling 11 boys aged two and three, a news report said. ”
Read MoreFrom Reuters: “China’s security chief has urged officials to heed the grievances of their communities, state media reported on Friday, in the wake of a series of violent protests that undermine efforts to maintain stability. ……Chinese media are barred from reporting on most protests and the editorial made no mention of specific incidents, but there […]
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