China is taking steps to preserve Portuguese culture and language on Macao in an effort to bolster trade relations with Brazil and other countries in the Latin world, according to the IHT: “Five years ago, Portugal surrendered back to China this enclave of 26 square kilometers, or 10 square miles. Although Macao was the first […]
Read MoreAccording to China Daily: “The capital city’s family planning policy will not be readjusted, at least in the short term, officials from the Beijing Municipal Commission of Population and Family Planning confirmed yesterday. This is in response to circulated requests over whether Beijing will ease rules for couples who wish to have a second child.”
Read More“China’s mines are among the most deadly workplaces in the world with fatal accidents reported on an almost daily basis. Many deaths go unrecorded because mine owners fear being punished and local officials in poorer regions are keen to keep open what is often one of the few sources of employment. On top of that, […]
Read MoreFrom Reuters: “China has formally arrested a New York Times researcher detained last month for passing state secrets to foreigners, a crime that carries a maximum sentence of death, his lawyer said on Thursday. ‘He was arrested yesterday, completely and formally arrested,’ lawyer Mo Shaoping said. ” The full article is here.
Read MoreZhongguancun (‰∏≠ÂÖ≥Êùë) suffers from a glut of “high-end” office buildings, according to a Sohu.com article. Starting in 2001, a period of rapid construction in this high-tech zone resulted in glass and steel edifices “popping up like mushrooms.” These buildings have been marketed to large, multi-national corporations. Yet the Zhongguancun business community is still comprised primarily […]
Read MoreFrom People’s Daily: “Thirty-five years ago the population proportion of children and the aged was six to one. However, 35 years later the elderly population is two times greater than the number of children, according to an analysis of China’s population and economy by the China Business Times. Meanwhile, the aging problem has already become […]
Read MoreFrom Reuters today: “A gas explosion in a crowded coal mine in central China has killed at least 56 people and left scores missing, the Xinhua news agency said on Thursday. And in the southwest, six miners died from a gas leak in a grim reminder that the world’s biggest mining industry is also the […]
Read MoreJim Yardley reported on The New York Times: “Environmentalists in China who helped persuade Prime Minister Wen Jiabao earlier this year to suspend a dam project in southwest China are now fighting plans for another hydropower project they say would endanger one of the world’s deepest gorges and force the relocation of 100,000 people.” The […]
Read MoreFrom Reuters today: “Rioters in the western Chinese region of Chongqing burned police cars and looted government buildings after a quarrel between residents escalated into a riot involving thousands, residents and officials said. The angry crowds gathered on Monday night during a quarrel between fruit market workers and a delivery boy, after one worker passed […]
Read MoreFrom Detroit Free Press: “For well-to-do urban Chinese, the luxury car most desirable for their wedding day is a vintage Cadillac. On weekends, flower-festooned black Cadillacs squire brides and grooms about town, turning heads along the way. But the Cadillac sedan doesn’t yet belong in the pantheon of luxury cars — such as BMW, Mercedes-Benz […]
Read MoreFrom China Economic Net: “The topic on the appreciation of Renminbi has been actually talked about for more than two years now. The recent rise of the topic can be ascribed to changes in the international economic and political situation and remarks made by Zhou Xiaochuan, governor of the People’s Bank of China during the […]
Read MoreFrom the Washington Post today: “China is in desperate need of those technologies — gasoline-electric and diesel-electric combinations of engines and motors; alternatively fueled vehicles using compressed natural gas, liquid propane gas and biodiesel fuels; and, eventually, hydrogen-powered cars and trucks. (One Chinese company even demonstrated a Volkswagen sedan powered by hydrogen peroxide!) At any […]
Read MoreFrom Time Magazine: “The China market is finally for real. To the country’s new consumers, Western products mean one thing: status. ” “Americans have dreamed of penetrating the elusive China market since traders began peddling opium to Chinese addicts in exchange for tea and spices in the 19th century. War and communism conspired to keep […]
Read MoreFrom Asia Times Online: “China Banking Regulatory Commission (CBRC) and the China Securities Regulatory Commission (CSRC) respectively issued a new regulation on October 18 that both aim at widening financing channels for securities firms in the country which have been in serious difficulty owing to bearishness of the securities market for more than three years.” […]
Read MoreFrom the International Herald Tribune today: “China’s banking regulator on Wednesday proposed curbs on real estate lending and investments by trust companies, seeking to slow growth and reduce risks after property prices rose at their fastest pace in eight years. Trust companies will need approval from the China Banking Regulatory Commission to set up real […]
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