China Social Security fund allocates initial portfolio of 1.2 bln yuan

From Yahoo!: “The first Sino-foreign fund management joint venture to win an investment mandate from China’s National Social Security Fund (NSSF) has been allocated an initial portfolio of 1.2 bln yuan, the South China Morning Post reported, citing a source close to the company. Shenzhen-based China Merchants Fund Management (CMFM), 30 pct owned by Dutch […]

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Only 53% of mainlanders able to speak Putonghua

According to a new survey by the State Working Committee of Chinese Language, only 53 percent of Chinese are able to communicate in Mandarin, or Putonghua. The survey results were reported by the South China Morning Post and by China Daily. According to the China Daily report, via Sohu: “Only 18 per cent of those […]

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Growth leaves China high and dry

From China Daily: “The price of China’s economic boom is being paid in water, Minister of Water Resources Wang Shucheng warned Monday. Chronic shortages, pollution, waste and poor management have combined to exhaust the country’s fragile water system, said Wang in a report to the Standing Committee of National People’s Congress (NPC) on the use […]

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Chinese embassies hit by flash mobs

From The Straits Times (free sub required): “Mysterious mobs rallied in front of several Chinese embassies and consulates around the world last week but dispersed about an hour later, causing no work disruption, according to Chinese state media. The incidents took place last Wednesday at about 11am local time in 12 cities across six countries. […]

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China issues white paper on national defense

From People’s Daily Online: “China published on Monday a white paper on national defense, reaffirming its determination to crush any “Taiwan independence” attempt at all costs and reassure the world of its pursuit of peaceful development that will pose “no obstacle or threat to any one.” The 85-page white paper, the fifth of its kind […]

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On This Reality TV Show, East Meets West

From the Washingtonpost.com: “There aren’t many reality shows in which a guy, racing around a track against fellow contestants, slides across the finish line, skins his elbows and offers this assessment: “You bleed and sacrifice for the people.” Then again, there aren’t many reality shows in which all the contestants speak Chinese — and use […]

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China puts crushing Taiwan independence at core of new defence policy

From AFP, via Yahoo! News: “China issued a national defence policy for the first time since President Hu Jintao became military chief, with crushing “the vicious rise” of Taiwan independence forces at its core. An 85-page white paper outlined a list of security threats, including nuclear issues on the Korean peninsula and Japan’s constitutional changes, […]

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Reports: Many Killed, Hurt in China Riot

From Yahoo! New: “As many as 1,000 villagers battled police in southern China in a riot that left several people dead and dozens wounded, newspapers said Sunday. Hong Kong’s Wen Wei Po and Apple Daily newspapers differed widely over the size of the mob and what led to the clash Saturday in Da Lang village […]

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China finds new oil reserves

From United Press International: “China says its Bohai Bay Basin in the north may contain 20.5 billion tons of offshore oil reserves. The official China Daily newspaper said Thursday some 9 billion tons of oil have already been confirmed in the basin. The remaining 11.5 billion tons need to be further explored to be confirmed, […]

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Toyland workers strike new deal

From Guardian Unlimited: “All is not well in the real Toyland. Last month, thousands of workers went on strike. Millions more are seeking alternative employment. The running costs of Christmas are going through the roof. And ferocious haggling over prices is pushing toymakers out of business in record numbers. That, at least, is one interpretation […]

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Antoaneta Bezlova: News from greater China; Hong Kong and Taiwan

From Asia Times Online: “As a year of subtle but significant geopolitical shifts draws to an end, China looms ever larger in a world unable to decide whether its rise is an opportunity or a threat. For better or worse, every ripple from this giant economy, which is driven by the fast-expanding needs of its […]

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