The Lion Awakes
News at a Glance
今天的中国新闻
A compilation of Headlines + Brief Summary from Chinese & International Publications relating to China.
Just 5 Minutes each day to be up-to-date on the News of China
Combined with Kaixin’s boutique SITE SEARCH ENGINE , it is a unique source of knowledge about China"
China News Archive
From 2008
China Daily
Cabinet officials to face inquiries
Legislature seeks to increase oversight of government
Beijing: China's top legislature will demand State Council officials to attend its regular legislative sessions to face inquiries and interrogations from legislators, a move to improve supervision of the central government.
"Inquiries and interrogations are legal means by which people's congresses oversee governments, courts and procuratorates," Wu Bangguo, chairman of the Standing Committee of the National People's Congress (NPC), said on Tuesday during his work report.
"This year, we will select some widely concerned issues and hear reports on those issues from relative State Council departments. Main leaders from those departments will be required to listen to suggestions and respond to inquiries and interrogations," he said.
Highlights of work report of top procurator
BEIJING - China's Procurator-General Cao Jianming delivered a report on the work of the Supreme People's Procuratorate Thursday afternoon at the Third Session of the 11th National People's Congress.
Strict measures to curb land hoarding
Ministry proposes strict measures to cool off overheated housing market
BEIJING: The Ministry of Land and Resources has unveiled strict measures to crack down on land hoarding in a bid to rein in soaring real estate prices.
Developers must make a 50 percent down payment on all land put up for auction within one month of signing a contract or face the prospect of losing the land along with their deposit, according to a directive issued by the ministry on Thursday.
China ranks No 2 on Forbes billionaires list
A total of 64 people from the Chinese mainland made the Forbes magazine list of the world's richest billionaires, moving up to take second place for the first time.
The US led the list, released Wednesday, with 403 billionaires. China was followed by Russia with 62 billionaires. Of the world's 97 new billionaires, 62 were from Asia.
Among the super-rich from the Chinese mainland, 27 made the list for the first time.
Kaixin – As I have said before. The ‘west’ should not be complaining about how much wealth China has, it should be working out ways to sell things to China to relieve them of some of it.
Strong indicators trigger yuan float rumors
BEIJING - The stronger-than-expected 46 percent year-on-year growth in exports during February this year has sparked speculation that the nation may start revaluing the yuan later this month.
But some analysts have cautioned that not too much should be read into the strong numbers as the comparable base in 2008 was much lower. Political pressures are much more compelling reasons for the revaluation than market pressures, they said.
Google denies 'exit China' rumor
Search giant says operations in the country are running as usual
Beijing - Google on Thursday denied it was planning to shut down its business in China by the end of the month, dispelling rumors that it had informed its Chinese advertising agents to cease their business operations in the country.
Google's spokeswoman Marsha Wang told China Daily on Thursday that the company had not ordered its domestic advertising agents to stop doing business.
"That's not possible. Our China operations are still at normal," Wang said.
The Wall Street Journal China RealTime Report
Gold Has Less Luster in China
The International Monetary Fund last year announced it would sell 403.3 metric tons of gold to raise money for poor countries. This immediately sparked speculation that China would be a major purchaser–and the rumor spread through the market like wild fire.
Chinese SOEs: We Get No Respect
Committee meetings of the Chinese People’s Political Consultative Conference are normally quite dry affairs, with industry leaders and other civic figures offering bland praise for whatever the central leadership is doing. But at a meeting of the 37th economic committee on Wednesday, the leaders of some of China’s most prominent state-owned enterprises vented their anger at how the state sector has lately been treated in the court of public opinion.
Video: Coping With China’s Housing Boom
While China’s red-hot housing market is showing signs of cooling, property prices are still going up: They were 10.7% higher than a year earlier in February, the National Bureau of Statistics said Wednesday. WSJ’s Josh Chin reports from Beijing, where even doctors can have a hard time affording a decent house.
China’s Top Daoist Goes to the CPPCC
Sometimes, the Way takes you to the strangest places.
For China’s top Daoist, Ren Farong, it means a seat on the Chinese People’s Political Consultative Congress, a national body that advises the government on how to run the country. Made up of entrepreneurs, celebrities and people from (as the ubiquitous phrase goes) “all walks of life,” it’s a giant session for everyone to offer recommendations.
China’s First Twitter Novel
While Twitter remains generally blocked in China, that hasn’t stopped tech-savvy Chinese from putting the microblog platform to creative uses.
This week, influential blogger Lian Yue started publishing a novel on Twitter, believed to be the first time a Chinese-language novel is released on the popular service.
The New York Times
Bank of China Plans New Share Offering
BEIJING — Bank of China said Thursday it wants to issue more shares in Hong Kong soon, an offering that could strengthen its balance sheet by some $7.7 billion.
Asia Times Online
China lassoes its neighbors
With the Doha Round of negotiations of the World Trade Organization in limbo, the heavy hitters of international trade have been engaged in a race to sew up trade agreements with smaller partners. China has been among the most aggressive in this game, a fact underlined on January 1, when the China-ASEAN Free-Trade Area (CAFTA) went into effect.
China-US ties strained like never before
WASHINGTON - In hindsight, Wednesday's United States House of Representatives Committee on Foreign Affairs hearing over "The Google Predicament" may well prove to be one of the many grains of sand which are slowly eroding the conventional logic that has kept America and China engaged for most of the past several decades.
Kaixin – A worrying article as it shows clearly that America neither understands or respects China. America is looking for someone to blame for its economic predicament. It need look no further than a mirror, but steadfastly refuses to do so, preferring to cast around the world for a scapegoat.
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