Bloomberg and Singapore’s Channel News Asia both reported the news that China central bank to take “gradual and safe” approach on currency peg. From Bloomberg’s article: “China’s government will trim spending next year, boosting state efforts to slow economic growth to a more sustainable pace, Vice Finance Minister Lou Jiwei said. In the first eight […]
Read MoreAsia Times published a review on Ian Johnson’s book: “Wild Grass – Three Stories of Change in Modern China” There is a certain cruel paradox about Ian Johnson’s finely tuned reportage. While the book Wild Grass is subtitled, Three Stories of Change in Modern China , the conclusion is entirely the opposite: China is quite […]
Read MoreFrom South China Morning Post (via: China Study Group): “A recent outbreak of unrest across the mainland has revealed the volatility of a society in which minor disputes can easily escalate into large, violent clashes. Those caught up in the disputes – mostly farmers, workers and members of ethnic minorities – represent a wide spectrum […]
Read MoreCaijing magazine has reported that the Standing Committee of the National People’s Congress has met to begin drafting a law protecting private property. At the annual meeting in March, the NPC amended the constitution to include private property rights. According to Caijing, “The 55-page property rights draft contains 297 articles divided into 22 chapters in […]
Read MoreFrom Financial Times today: “Trade tensions between the US and China have become increasingly heated as the Bush administration considers more stringent import restrictions on a variety of Chinese textile products. ”
Read MoreAn article by Inter Press Service explains how what should have been an especially pain-free US election for China turned into a diplomatic crisis after China Daily published Qian Qichen’s article criticizing Bush’s policies. The Chinese government is now doing damage control, and several domestic papers have published articles lauding Bush’s reelection. The full report […]
Read MoreFrom People’s Daily: “The State Administration of Work Safety reports that in the first nine months of 2004, 4,153 people died in mining accidents, a figure that the administration admits may be low because of cover-ups or inaccurate reporting. Reports of coal mine accidents are so frequent they seem commonplace, but the quick succession of […]
Read MoreFrom Xinhua today: “Officials in northwest China’s Shaanxi Province have confirmed 15 deaths in the coal mine blast that took place there Tuesday afternoon. The explosion occurred at 4:50 PM in the state-owned No. 1 coal mine of the Huangling Mining Co. as an estimated 85 miners were working under ground. Reports indicate that 65 […]
Read MoreFrom Asia Times: “Nuclear power is planned to account for 4% China’s total installed power capacity by 2020 which is expected to hit 900 million to one billion kilowatts, said Kang Rixin, general manager of the China Nuclear Industry Group. This means the nuclear power capacity will be increased by more than three-fold, said Kang, […]
Read MoreFrom BBC News: “Five days of pitched battles between thousands of Hui Muslims and Han Chinese villagers in Henan province left at least seven people dead, the latest in a series of large-scale confrontations that have come to light in recent weeks. Adding race and religion to an already explosive mixture of economic and social […]
Read MoreThis long article is from India Times today: “Internet has so far been dominated by the country of its origin, but now China is fast emerging as the second major power of the digital age. Internet is booming in China. Consider this: By 2006, it is expected to have more people on the Net and […]
Read MoreForbes Magazine released the list of China’s richest people today, People’s Daily reported. The list includes 35 people from Guangdong, 22 people from Shanghai, and another 22 from Beijing. Larry Rong Zhijian, chairman of the Hong Kong-based conglomerate CITIC Pacific, was named the mainland’s richest man with assets of 1.5 billion US dollars. The full report […]
Read MoreIn the Washington Post, Philip Pan has written a very good article about the spate of recent protests in China and the government’s response: “The string of disturbances, described by local journalists, witnesses and participants, highlights the daily challenge that civil unrest now poses to the ruling Communist Party. Despite historic economic growth that has […]
Read MoreAn interesting article on Guardian today. It is about “country’s most popular spectator sport rebels against bribe-taking and match-fixing.”
Read MoreAndy Mukherjee wrote a commentary on the International Herald Tribune: A new benchmark in the race between India and China. “China and India, the two Asian giants, are both trying to become rich, each in its own way. China is big in manufacturing, while India’s strength is in services. …… The top answer to the […]
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