From the People’s Daily: “China has a population of 1.3 billion. Any small difficulty in its economic and social development, multiplied by this figure, could become a huge problem. Any considerable amount of financial and material resources, divided by the 1.3 billion also makes only a tiny handful in per capita terms.”
Read MoreFrom the Reuters: “Chinese Foreign Minister Li Zhaoxing brushed off on Saturday comments from his Japanese counterpart that Tokyo should stop its flow of economic aid, saying that China could get by fine on its own. Li’s comments come at a time of cooling Sino-Japanese ties due to a series of simmering disputes, including Japanese […]
Read MoreFrom the Washington Post, via the Seattle Times: “Stirrings of unrest have emerged among the millions of youthful migrant workers who supply seemingly inexhaustible cheap labor for the vast expanse of factories in China’s booming Pearl River Delta, raising questions about China’s long-term future as world headquarters for low-paid outsourcing. Stella International, a Taiwanese-owned shoe […]
Read MoreFrom the Xinhuanet: “China is preparing its first DNA databank to help police track down criminals such as rapists and murderers, China Radio International reported on Saturday. The Beijing Morning Post reported Friday that the plan was revealed at an international seminar on the use of DNA as legal evidence. An expert said that in […]
Read MoreFrom the Financial Times: “The dollar fell to new lows on Friday on rumours that China might shift some of its currency reserves away from the greenback, highlighting the dollar-related jitters in financial markets. The fragility in currency and bond markets has centred on fears that Asian central banks might dump US assets to avoid […]
Read MoreAnother article, from Reuters, about China’s search for natural resources in Africa: “Crumbling sport stadiums still stand in many African capitals, the enduring symbols of China’s Cold War courtship of the world’s poorest continent during the 1960s and 1970s. That was before the communist giant embraced capitalism and transformed itself into probably the world’s fastest […]
Read MoreThe U.S.-China Economic & Security Review Commission held a conference recently which discussed “the devastation Chinese competitors are inflicting on U.S. industries, from kitchenware and car tires to electronic circuit boards,” according to a report in Business Week. The full transcript from the hearings is available on the USCC website. In summing up the hearings, […]
Read MoreFrom the South China Morning Post, via China Study Group: “The mainland has invited a group of domestic and foreign media companies to form a board to advise the government on how capital markets can help modernise the industry. The board, which will include Viacom chairman Sumner Redstone and the heads of media companies from […]
Read MoreFrom the New York Times today: “China built the Great Wall more than 2,000 years ago to keep out invaders from the north. But the Chinese are having a harder time repulsing modern interlopers like these: long-haired Mongolian men in black, whose office décor features a wolf pelt, a portrait of Genghis Khan and a […]
Read MoreThis is an editorial article in LA Times today: “China’s struggle to slow — without crashing — its overheated economy is of vital interest well beyond the Great Wall. The economic boom is evident in the hundreds of construction cranes towering over Shanghai and in commodity prices worldwide that have been driven higher by China’s […]
Read MoreHere is the link to my article on Chinese bloggers in the New Scientist. In the current Chinese cyberspace, bloggers may not be as loud as their American counterparts. But they are potentially certainly no less subversive to the...
Read MoreFrom today’s New York Times: China’s growing material wealth has eluded the countryside, home to two-thirds of its population. But there is a bull market in sects and cults competing for souls. That has alarmed the authorities, who seem uncertain whether the spread of religion or its systematic repression does more to turn peasants against […]
Read MoreFrom the South China Morning Post, via China Study Group: “Ideological education will be stepped up among Communist Party members after internal surveys revealed “shocking” findings on their commitment and discipline. ……The nationwide survey identified problems such as wavering faith, a lack of focus and loose organisation. Its recommendation for a party-wide education programme was […]
Read MoreVia the China Study Group, the South China Morning Post published a story on “a showdown between the mainland’s traditional union and an American corporate giant underlines the radical changes occurring in the workplace.” It is a battle between the world’s largest retailer and the national trade union of one of its fastest growing markets. […]
Read MoreFrom the Christian Science Monitor: China’s big appetite for budding sales combined with major loans from its highly centralized banking system is one form of the expression “market Leninism,” used by Perry Link of Princeton University to describe China’s hybrid red capitalism. “From the beginning we wanted the largest shopping center in the world,” says […]
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