From 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 […]
Read MoreConstruction of “the world’s largest wind power project” will begin this month in Beijing. Xinhua reports that it is part of a larger effort to meet some of China’s growing power demands with renewable energy. This project will also serve the goal of reducing Beijing’s air pollution before the 2008 Olympics. EcoWorld reports that the […]
Read MoreThe Economist Intelligence Unit has published a country briefing analyzing the prospects for political reform in China: “The CCP regime proved surprisingly durable as fraternal Communist regimes fell like ninepins in the 1990s, and the current party leadership under Mr Hu has committed itself only to the most incremental moves in the direction of political […]
Read MoreFrom today’s LA Times: “In a case that could bolster free speech in China, a court in the southern city of Guangzhou ruled Monday that a magazine did not commit libel when it wrote that a well-connected real estate developer was in financial straits. As China’s media have become more aggressive in recent years, powerful […]
Read MoreThe fate of the three journalists may be different, but their
Read MoreFrom AP (via: VOA): “The United States is encouraging China to build its strategic oil reserves because of concerns that the country’s rapidly increasing energy demands may threaten the stability of world oil markets. China’s economic boom has put more than five million new cars on the roads this year, helping its oil imports to […]
Read MoreA new book entitled Investigation of Chinese Middle Class was recently published by Beijing-based Unity Press. You Nuo wrote a review on China Daily: “The middle class, as explained in the book, is defined by American sociologists as a group of society dependent on large organizations, having few fixed assets in business, earning their living […]
Read MoreAccording to the New York Times: “The Central Intelligence Agency made public on Monday a rich trove of previously classified documents on China, including the supposedly authoritative National Intelligence Estimates issued over the 30-year period of Mao Zedong’s rule. For scholars of what Mao called China’s ‘continuous revolution,’ of its tumultuous and intertwined relationships with […]
Read More“China’s Ministry of Education reports that the number of Chinese students studying abroad grew from 39,000 in 2000 to more than 117,000 last year. Not all return to China, but for the many who do this rise in foreign-educated job seekers entering the market coincides with a comparable glut of domestic graduates. Good white-collar jobs […]
Read MoreFrom UK’s Independent last week: “China begins huge project in World Heritage Site, displacing up to 100,000 people and devastating unique tribal societies.” The full article is here.
Read MoreOkay Airways is to become the first private airline in China. Based in Tianjin, Okay will concentrate on domestic cargo and charter flights, reports BBC.
Read MoreThe International Herald Tribune has published an editorial against France’s call for an end to the arms embargo against China: “The sight of Western presidents and prime ministers taking turns to kowtow before China’s leaders is perhaps the surest measure of the Chinese economic miracle. There’s money to be made behind that Great Wall, and […]
Read MoreThe BBC reports: “North Korea’s second most senior leader, Kim Yong-nam, is in China for a rare visit expected to focus on the North’s nuclear programme. His visit comes amid a flurry of efforts to restart stalled six-party talks aimed at addressing the crisis. US Secretary of State Colin Powell is to visit Japan, China […]
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