According to the AFP, Taiwanese police are checking out a Chinese man’s story that he shot Chen Shui-bian during the presidential campaign in March: “While being questioned about a separate shooting case, Wang Erjiang surprisingly told police in southern Kaohsiung county that he had shot at Chen in March. ‘He said he was angry at […]
Read MoreIn an article about government control of the Internet, the Globe and Mail interviews Liu Di, the “Stainless Steel Mouse” and gives an update on writer Du Daobin: “Ms. Liu is now a major player in an intense tug of war between China’s police-state apparatus and a growing number of politically astute Internet users who […]
Read More“Starting from scratch, China’s expressway has topped 30,000 km after an endeavor of over ten years’ construction, and the total mileage now ranks the second in the world, said the officials from Ministry of Communications (MOC) on 27 October. ” Read this report on People’s Daily here.
Read MoreIn a study released on Thursday by two firms in the industry, Goldman Sachs was criticised when it offered shares in Chinese oil firm PetroChina in the United States. Activists said the financing would contribute to harming China’s environment and provide support for a country with a poor record on human rights. Read the Reuters […]
Read MoreThe Beijing Review had a story on homosexuality in China today. “Chinese society is slowly showing some tolerance toward homosexuality. In addition to consultation hotlines, there are websites through which people can meet and discuss issues surrounding homosexuality. In big cities like Shanghai and Guangzhou, bars and clubs that are expressly homoerotic have sprung up, […]
Read MoreNew York Times had an article entitled Markets calm after China rate rise): “Mainland Chinese stock markets dropped less than 2 percent on Friday as most Asian financial markets reacted with surprising calm to the Chinese central bank’s announcement late on Thursday of its first increase in interest rates in nine years. ” On the […]
Read MoreFrom People’s Daily today: Chinese Premier Wen Jiabao , Vice President Zeng Qinghong and Vice Premier Huang Ju called for more efforts to boost the country’s information technology (IT) industry Wednesday evening while visiting an ongoing communications technology expo. “We should accelerate our pace of technology innovation, better our homegrown research and development ability and make painstaking efforts […]
Read More“China yesterday raised its benchmark interest rates for the first time in nine years, betraying its increasing concern about the future of its overheating economy. Oil and metal prices fell and mining stocks slumped on the London Stock Exchange after the central bank announced the 0.27pc point rise, which leaves the country’s one-year lending rate […]
Read MoreFrom Bloomberg: “China’s central bank jolted global financial markets by raising its benchmark interest rates for the first time in nine years to cool the world’s fastest-growing major economy. The one-year lending and deposit rates will rise 0.27 percentage point to 5.58 percent and 2.25 percent respectively, effective tomorrow, the Beijing-based People’s Bank of China […]
Read MoreChina is facing a major challenge with the rapidly growing number of elderly in the country, reports the China Daily: “About 7 per cent of China’s population is currently 65 or over. But a recent Chinese Academy of Social Sciences report predicts this will rise to 14 per cent within two to three decades… The […]
Read MoreIn the Guardian, Jonathan Watts analyzes Chinese media coverage of recent events, including the Daping mining disaster, and the difficult position editors are in trying to report the news while also toeing the party line: “With China in the throes of a remarkable transition, it cannot be easy for any of the country’s newspaper editors […]
Read MoreAsia Times has another article about the rise of social unrest in China, “Recent protests have been sparked by the near-fatal beating of a migrant worker, an illegal hike in taxi fees and low wages in an electronics plant – to name a few. These are but the tip of the iceberg in the nation […]
Read More“Thousands of workers have been staging protests and blocking main railway lines, roads and bus terminals in the provinces of Shaanxi and Anhui during the past month in further signs of brewing social dissent on the mainland.” Read the whole article on South China Morning Post (via China Study Group).
Read MoreFrom Bloomberg: “China’s lending restrictions cut loan growth at the nation’s four biggest state-owned banks more than at the dozen partly private lenders, such as China Minsheng Banking Corp., which have more autonomy to make loans. Local-currency loans at the four state lenders, led by Industrial & Commercial Bank of China, grew 2 percent in […]
Read MoreThe Straits Times has reported on a suicide bid by migrant construction workers in Shenyang who had not received their pay and were worried about their families’ survival: “The group suicide bid was discovered in time by a co-worker. The man, surnamed Liu, had returned to the hostel from a nearby town where he had […]
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