The Australian
China won't safeguard Australia from global slowdown
THE prospect of China safeguarding the Australian economy from the global slowdown is being discounted by financial markets, as commodities, currencies and equities plunge around the world. The combination of a cyclical high in US unemployment statistics and a commodities sell-off combined to send Wall Street down 3 per cent on Thursday night.
Linc sells Teresa coal permits to Xinwen Mining
LINC Energy is to sell its Teresa coal exploration permits to China's Xinwen Mining Group for $1.5 billion.
The Age
Beijing links quake toll to shoddy building
Edward Wong Beijing
A RUSH to build schools during China's economic boom might have led to shoddy construction that resulted in the deaths of thousands of students during the May 12 earthquake.
Sydney Morning Herald
Chinese coal diggers break new ground
CHINA'S Xinwen Mining has entered the Australian coal sector in a big way. Yesterday it agreed to buy Linc Energy's Teresa exploration permits in the Bowen Basin for $1.5 billion, subject to due diligence and regulatory approvals.
Asia Times Online
China still on-side with Russia
By Yu Bin
Sino-Russian relations have been under intense scrutiny lately because of the Georgian-Russian conflict over the breakaway Georgian region of South Ossetia. For many in the West, China's cautious "neutrality" is a departure from, if not a betrayal of, its strategic partnership with Russia. Such a view, among others, misreads the state of the Sino-Russian relationship without an adequate understanding of its depth, breadth and complexity.
Triangulating an Asian conflict
By Chan Akya
One of the more predictable turns during any US presidential election year is the sheer speed with which issues of longer-term strategic importance are quietly subsumed by a global media fed a steady diet of soap-operatic drama on the candidates, their spouses, born and unborn children and so on.By no means am I throwing stones while sitting in a glass house though; this is more of an introspective comment on the realities of the supply and demand for newsworthy discussions.
… Simplistically put, the West will have to depend on the munificence of China and India to control the pest that will be unleashed on their borders over the near term. While China has less to fear initially as compared with India about the expansionist aims of Islamic fundamentalists, it does have a sensitive border problem in Xinjiang, which could present the Achilles' heel of its non-interventionist policy with respect to Muslim issues.
Darkest week in a year
By R M Cutler
MONTREAL - Asian markets fell broadly every day this week, although some individual exchanges were inevitably able to mark a few up days. The MSCI Asia Pacific Index looks to close down nearly 7% on the week, its biggest weekly fall in a year, at its lowest level since mid-July 2006. Seven stocks are down for each one that rose, and all 10 industry groups took hits. It is not evident that this trend will change significantly in the near future.
Kaixin – Excellent weekend reading. A two part indepth economic review of China v the $US.
CHINA'S DOLLAR MILLSTONE, Part 1
Breaking free from dollar hegemony
By Henry C K Liu
The vast expansion of US-led globalized trade since the Cold War ended in 1991 had been fueled by unsustainable serial debt bubbles built on dollar hegemony, which came into existence on a global scale with the emergence of deregulated global financial markets that made cross-border flow of funds routine since the 1990s.
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