From the South China Morning Post, via the China Study Group: “Recent reforms at two of the mainland’s Big Four state-owned commercial banks may be eroding the long-entrenched role of Communist Party committees at Chinese financial institutions. Historically wielding huge influence over day-to-day operations and lending practices, the representation of party committees on boards and […]
Read MoreFrom the Reuters: “Travellers pour through the railway station of Kunming, capital of Yunnan province in southern China. In the morning rush hour, few pause to glance up at the posters graphically depicting the dangers of drug use and the threat of HIV/AIDS. As Liu Enyun passes them, though, they remind him of official estimates […]
Read MoreFrom Thursday’s Globe and Mail: “The great Italian filmmaker Michelangelo Antonioni was at the height of his fame and his creative powers when he came to China in 1972 to document the revolution. He had the blessing of Communist authorities and was an intellectual left-winger who sympathized with China’s new society. When he completed his […]
Read MoreFrom the KeralaNext.com: “All 166 miners trapped underground in a Chinese coal mine following a gas blast, the country’s worst mining accident, were confirmed dead Thursday, reports Xinhuanet. The accident occurred Sunday at Chenjiashan coalmine located in China’s northwest Shaanxi Province. ”
Read MoreFrom Big News Network.com: “China has created four varieties of genetically modified rice and may soon begin their commercial production, Xinhua news agency said Thursday. The four types of rice were submitted for approval at a recent meeting on biological safety sponsored by the Ministry of Agriculture, the state news agency said.”
Read MoreFrom the Washington Post: “When a corruption scandal swept through this northern Chinese city several weeks ago, leading to the dismissal of five high-level officials, the Communist Party tried to keep it secret from the people. Newspapers and broadcast stations, under strict censorship, were allowed to report only that the five had resigned, without saying […]
Read MoreFrom the International Herald Tribune: “For the last century, the title of “most important place in the world” has belonged to the United States, but that role seems likely to shift in this century to China. . So what are China’s new leaders, Hu Jintao and Wen Jiabao, really like? Are they visionaries who are […]
Read MoreFrom the China Economy Net: “Telecommunications industry is generally regarded as the trade with national strategic interests by many countries. China is no exception. China has a very clear-cut plan to develop or open telecom industry under its WTO project. But multinationals still have to take a rather cautious attitude and do relevant observations before […]
Read MoreFrom the South China Morning Post, via the China Study Group: “The smiles and handshakes between Chinese and Southeast Asian leaders after the signing of a landmark economic deal belied the wariness some of the Asean elite feel towards their giant neighbour. Even some of those present on Sunday, when China and the Association of […]
Read MoreStudying the financial reports of luxury brands, China emerges as the 21st century’s promised land: Every major publicly quoted company boasted double digit increases in sales last year, reported International Herald Tribune. Gucci, Dunhill, Hugo Boss and other brands are making a profit out of the Chinese market. Other brands, like Chloe, complain about the […]
Read MoreNew York Times ran a story on China’s booming animation film industry. China is far from alone among fast-developing nations eager to pursue a piece of the lucrative animated film business by marrying their mastery of advanced computer technology with low labor costs.
Read MoreChina Aviation Oil, a Chinese jet-fuel supplier, said it had racked up $550 million in losses on derivative trades and was seeking protection from its creditors. AP also reported that the company has suspended chief executive Chen Jiulin while accountants PricewaterhouseCoopers investigated what went wrong.The scandal could be the biggest case of losses from speculative […]
Read MoreChina,the world’s most populous country is waking up to Formula One and the money-burning sport is eager to tap into it, Reuters reported. The successful inaugural of grand prix in Shanghai last September has generated huge interest in both domestic and abroad businesses. Some Chinese companies start considering buying a F1 team. Carmakers are equally […]
Read MoreThere has been more than 4,500 workers killed on the job in the mining industry in China this year, reported AP. In the country’s most recent disaster, rescuers on Wednesday raised the death toll to 166 following a weekend explosion at a mine in central China.
Read MoreBBC’s Louisa Lim reported on the critical situation of AIDS in Yunnan, a province in southwestern China. She calls Ruili, a town on the border of China and Burma the “ground zero” of China’s AIDS epidemic. While hundreds of people in the area get infected by the disease either through communal needle use or sex, […]
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