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
State firms told to exit real estate sector
BEIJING: In a move to curb soaring property price, the State-assets watchdog on Thursday told major State-owned enterprises (SOEs) whose core business is not real estate to quit the market.
Except for 16 SOEs which are purely real estate developers, 78 enterprises under the direct supervision of the State Assets Supervision and Administration Commission (SASAC) will speed up restructuring and pull out of the property sector.
Yuan solution 'will be found'
US envoy says 'important talks' will be held soon
Beijing: The top US envoy to China on Thursday expressed confidence that the two countries will find a solution to the yuan exchange rate.
"I think in due time, it will be resolved to the satisfaction of both parties," Ambassador Jon Huntsman told an audience of students at the prestigious Tsinghua University.
China to reopen pork market to US exports
China agreed to reopen its market to imports of US pork, ending a ban that went in place after the outbreak of the H1N1 flu last year, the US trade representative's office said.
"This agreement is a win for America's pork producers, whose safe and high-quality exports can now flow freely into China," US Trade Representative Ron Kirk said in a statement announcing the agreement. "We look forward to working cooperatively to resolve additional issues, including a resumption of trade in beef."
China is good news for Latin America
Editor’s note: China and Latin American countries, as brothers of third world in last century, will continue their friendship and cooperation to make their way to a refulgent future together.
The establishment of the Latin American and Caribbean Community (LACC) with 25 members in Mexico on Jan 23 is fresh indication that Latin America is continuing to move away from Washington, because the new organization excludes the United States. With Canada, too, excluded, the LACC is a regional body without "foreigners".
The steady erosion of US power in Latin America is in marked contrast to the increasing influence of China in the region. And China's influence is good news for the region. As former Brazilian prime minister Jos Dirceu says, China will be the determining factor for the development of Latin America
Chinese tourists to see the world in greater numbers
Nation biggest market in Asia; 100 million people forecast to travel
BEIJING: More mainland tourists are expected to spend money on overseas travel this year, said a report by a think tank to the national tourism authority.
Pressing on yuan to hurt US exonomy: US media
WASHINGTON - The efforts by U.S. legislators to pressure China to reform its currency is to make China a scapegoat of the U.S. domestic politics, and may actually hurt the U.S. economy, according to articles published by U.S. well known media in recent two days.
The Wall Street Journal said Thursday that U.S. lawmakers "want to make the yuan a scapegoat and risk a trade war with China," referring to the U.S. Senators' bill proposed Tuesday to call for China to appreciate its currency yuan.
China urges no politicalization of Rio Tinto case
BEIJING - China does not want the Rio Tinto case to be politicalized and negatively affect China-Australia relations, Chinese Foreign Ministry spokesman Qin Gang said Thursday.
In response to a question about the pending trial of a Rio Tinto executive in China, Qin said the Rio Tinto court case was strictly commercial.
Middle class in big cities feels least happiness
BEIJING: Middle class families in the most prosperous regions in China are finding the least happiness in life because of the high stress of daily life, a survey has found
Despite good health, better education and higher incomes, the middle class is discovering that economic pressures and little time to spend with family members are major sources of annoyance, according to a recent survey by insurance company Manulife-Sinochem.
Kaixin – Welcome to the ‘west’
Mainland, Taiwan plan frequent visits
BEIJING - The two sides of the Taiwan Straits will exchange frequent visits in the coming months, according to a mainland spokesman Wednesday.
The mainland's Association for Relations Across the Taiwan Straits (ARATS), authorized to handle cross-Straits issues, will send six to seven delegations to Taiwan this year while its Taiwan counterpart, the Straits Exchange Foundation (SEF), will send five to six delegations to the mainland, said Yang Yi, a spokesman for the State Council's Taiwan Affairs Office, at a regular press conference in Beijing.
New real estate elephants
Chinese policymakers should act immediately to bridle these SOEs who are stirring up more trouble in the overheated property market.
The unchecked surge of real estate investment by large State-owned enterprises (SOEs) not only sabotages the central government's efforts to prevent housing bubbles but raises questions about the SOEs.
Chinese policymakers should act immediately to bridle these new elephants who are stirring up more trouble in the overheated property market.
In spite of all the government's tough talk against excessive home price hikes, the record land price for residential housing in Beijing was broken twice on Monday thanks to aggressive bids by State-owned enterprises.
The Wall Street Journal China RealTime Report
Microsoft Sees a Window in Google’s China Woes
Chinese officials are masters of divide-and-rule, a tactic they’ve put to good use to enhance their bargaining position with the foreign business community.
So there was some eye-rolling among the more seasoned Western business executives in Beijing, earlier this year when Bill Gates weighed in on the Google vs. China imbroglio by criticizing Google and offering a sympathetic assessment of the Chinese position in an interview with ABC’s “Good Morning America.” “Bill Gates Bats for China,” read a triumphal headline in the Global Times, a sometimes nationalistic Chinese newspaper.
The charitable explanation was that Gates was expressing a personal view.
Apparently not
Guangdong’s Renaissance Man
Over the past few years, one of China’s up-and-coming leaders has made a name for himself by calling for “ideological emancipation”–including through reading of the works of Thomas Friedman, the ubiquitous author of homilies to global capitalism.
The leader is Wang Yang, the party secretary of Guangdong province, who is widely expected to be tapped to join the all-powerful Standing Committee of the Communist Party’s Politburo. Seven of the current nine members are due to retire in 2012, leaving room for younger leaders like Wang, 55.
The New York Times
China Drawing High-Tech Research From U.S.
XI’AN, China — For years, many of China’s best and brightest left for the United States, where high-tech industry was more cutting-edge. But Mark R. Pinto is moving in the opposite direction.
World Bank Urges China to Bolster Rates and Let Currency Rise
HONG KONG — The World Bank recommended higher interest rates and a stronger currency for China on Wednesday, as it raised growth forecasts for the country. China’s rapid economic growth has led to expectations of rising inflation and concerns that a bubble is building in the property industry.
U.S. Ambassador Calls China’s Currency Stance ‘a Real Concern’
BEIJING — China’s reluctance to allow the value of its currency to rise “is a real concern” to both the United States and to China’s other major trading partners and could be subject to negotiations in coming weeks, the American ambassador to China said on Thursday.
At the same time, a Chinese trade official offered a first hint of flexibility on the issue, saying his organization was polling more than a thousand Chinese manufacturers on how a change in exchange rates would affect their business.
The Australian
Kevin Rudd warns China on Stern Hu trial secrecy
KEVIN Rudd has warned China that the world will be watching the Stern Hu trial.
The Prime Minister yesterday voiced his government's growing concern over an order banning Australian consular officials from attending a key part of the trial of Mr Hu and three other Rio Tinto executives over allegations of leaking commercially sensitive information on iron ore pricing.
Asia Times Online
Bo Xilai: China's brash populist
By Kent Ewing
HONG KONG - Bo Xilai has personality, charm and charisma, unlike most of his plodding, lackluster bureaucratic brethren.
The tall, telegenic Bo has won the support not only of the legions of dark-suited, dull apparatchiks who converged on Beijing for the recently concluded session of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC), but also ordinary citizens. His crusade against corruption in the sprawling southwestern municipality of Chongqing, where he is Communist Party chief, is much admired and he is a force to be reckoned with.
The son of Bo Yibo - one of the party's "eight immortals'' - Bo is an envied member of China's so-called "princeling" class,
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