9th September 09

The New York Times

China to Issue Yuan-Denominated Bonds in Hong Kong

The Chinese Ministry of Finance said Tuesday that it would issue 6 billion yuan worth of government bonds in Hong Kong, a major step to internationalize its currency at a time of concern about the dollar. The yuan bond issue, the equivalent of $879 million, will “promote the yuan in neighboring countries and improve the yuan’s international status,” the ministry said on its Web site.

Leaving Google, Executive to Back Chinese Start-U

SHANGHAI — Three days after announcing that he was resigning as the head of Google’s Chinese operations, Kai-Fu Lee said on Monday that he had raised $115 million to create a company that would finance high-tech start-ups in China.

China Advances Its Aviation Dream

HONG KONG — China showcased its newest and biggest commercial plane Tuesday, a jetliner with as many as 200 seats that could lift the country’s fledgling aviation industry to compete with Western rivals like Boeing and Airbus.

U.S. Company and China Plan Solar Project

Chinese government officials signed an agreement on Tuesday with First Solar, an American solar developer, for a 2,000-megawatt photovoltaic farm to be built in the Mongolian desert.

The Sydney Morning Herald

Chinese target uranium

A BEIJING directive to its growing nuclear power industry to step up the acquisition of strategic uranium supplies has led to an agreed $85 million takeover bid for Energy Metals, the main partner in the Northern Territory Bigrlyi uranium deposit.

Asia Times Online

SUN WUKONG
Beijing scrambles to find scapegoats
By Wu Zhong, China Editor

HONG KONG - In need of a scapegoat over massive protests by the Han Chinese community in Urumqi, Xinjiang province, against a string of bizarre syringe attacks supposedly orchestrated by Uyghur separatists, the government at the weekend sacked Li Zhi, Urumqi's Communist Party chief.