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.
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China News Archive
From 2008
China Daily
China Perspective
Sino-Aussie ties to improve after election
Beijing - Regardless of how the Australian federal election turns out on Saturday, one thing is very likely: The next government will likely be more friendly with China.
The opposition Liberal party has promised a "reinvigorated diplomatic effort" with China, the Wall Street Journal said.
Kaixin OpEd - Kevin who? Definitely not Kevin Hu it would seem.
United States intervention brings waters to a boil
BEIJING - The disturbed waters around China reflect how changes in the political landscape between China and the United States are laying the foundation for a future Asian power struggle, analysts say.
China 'not a threat' in L. America
BEIJING - The United States does not view China as a threat and Washington is in talks with Beijing on cooperation in Latin America, long considered America's backyard, a senior US official said on Wednesday.
While China's trade share in Latin America is small, the potential is huge and there are many areas of possible cooperation between China and the US, Arturo Valenzuela, assistant secretary of state for Western Hemisphere affairs, told China Daily.
China moves to improve vegetable supply
BEIJING - China's central government has ordered the expansion of vegetable production, with increased funding and rail links, in a move to stop an "increasingly serious" food supply situation in some major cities.
A Chinese trader answers phone calls in a vegetable field in Xuan'en county, Central China's Hubei province (Photo China Daily)
Op-Ed Contributors - How to ensure food security
Unnoticed by the rest of the world, the world hunger crisis that erupted in 2008 unleashed its full fury in many places only after the media had already moved on to cover the next crises in financial and trade markets.
India aims to double trade with China in 4 years
Shanghai -- The Indian government is striving to double bilateral trade with China, its largest trading partner, within four years, Subas Pani, secretary in the planning commission and chairman of the India Trade Promotion Organization, said in Shanghai Wednesday.
"It's an ambitious goal. But it's possible with the rapidly growing momentum," Pani told Xinhua in an exclusive interview.
Bilateral trade between India and China has seen a drastic jump over the last decade. From a modest $3 billion at the turn of the century, annual trade reached $42 billion in 2008-09, India's Minister of State for Commerce and Industries, Jyotiraditya Scindia, said.
"Trade between India and China is set to reach new heights by the end of this financial year," he added.
Alliance drives promotion of electric cars
BEIJING - An alliance of sixteen of the largest State-owned companies wants to accelerate development of electric vehicles in China, a move which underscores the country's ambition to be a world leader in new energy vehicles.
The alliance, formed on Wednesday, is gearing up to invest 100 billion yuan ($14.7 billion) on electric vehicles by 2012, according to media reports.
China to spend $30b more on afforestation by 2021
BEIJING - China's government will earmark a total 200 billion yuan ($30 billion) to afforestation schemes to the end of 2021, the State Forestry Administration (SFA) announced Wednesday.
China faces uphill battle to achieve energy-saving target
HANGZHOU - To many Chinese officials at the county and city levels, the newly released half-year evaluation reports on energy consumption per unit of gross domestic product (GDP) make for grim reading.
Sun Yunyao, head of Shaoxing county government in east China's Zhejiang province, a developed coastal region which consumes a large amount of energy for manufacturing, has had to introduce a series of tough measures to curb high energy usage in this decisive year.
Just days ago, Sun signed a letter of commitment with Shaoxing city government to shut down inefficient enterprises in his county. By September 15, major energy-guzzling factories -- from paper mills to leather makers -- must all be closed down.
'Ant tribe' should try luck in smaller cities: poll
SHANGHAI - A majority of more than 3,000 people who participated in an online poll feel China's "ant tribe" should try their luck in second- or third-tier cities instead of struggling for opportunities in highly competitive metropolises.
The term "ant tribe", coined by Lian Si, a scholar who wrote a book about the post-80s generation in China, refers to millions of fresh graduates who crowd together in slums across the country's big cities in search of opportunities.
Regulating demolition is urgent concern
Dongqian (displacement) is a fiction about demolition. Its writer Li Xiaoqian is a government official. But this first fiction of its kind by a government official, who has personally experienced the disputes, and even unrest, caused by demolitions, does provide some insight into the many contradictions involved.
What makes the issue of demolition an even greater concern are the remarks by the senior official, who is also an economist, that 50 percent of urban houses will have to be demolished nationwide in 20 years. His argument that houses built before 1949 should all be demolished - except those of historical interest - along with those constructed between 1949 and the late 1970s, and those erected after the 1970s and before 1990, does not sound unreasonable.
China tests 1st space station module for 2011 launch
BEIJING - China has finished construction of its first module of unmanned space station, Tiangong-1, and it is testing its electronic, mechanical and thermal properties, a military source said Tuesday.
Microsoft optimistic on opportunities
BEIJING - China's recent drive to support domestic technologies has raised increasing concerns from some foreign firms who fear that the country's "indigenous innovation" policy may discriminate against foreign companies or force them to transfer their intellectual property to China.
But that does not mean that China's business environment is getting worse, according to a top executive from the US software giant Microsoft.
China doubles ROK debt holdings, buys more Fannie bonds
BEIJING - China has accelerated steps to diversify its foreign reserves basket by doubling South Korean debt holdings and buying more mortgage bonds of Fannie Mae and Freddie Mac, the two largest US home funding companies.
Foreign firms should adjust to changing Chinese market
BEIJING - Chinese policies tailored to foreign investors have essentially remained "unchanged" during the past three decades, and it's unwise for foreign businesses to always "politicize" trade issues, Tong Zhiguang, former vice-minister of commerce, told China Daily in an exclusive interview.
Instead, they should try to "adjust themselves" to the changing economic development mode China is in -one of fierce competition in the domestic marketplace, rather than "continuously complaining", Tong suggested.
Responding to ongoing concerns that China is turning hostile against foreign businesses during the past few months, Tong insisted that he has "not seen any changes with China's policies of absorbing foreign investment", and the policies have been "in line with the World Trade Organization rules".
"China has welcomed foreign investment and I believe the nation will continue to do so by all means, as the nation understands foreign businesses play a key role in pushing forward Chinese development," said Tong, also former chief WTO negotiator
Government 'listening' to overseas businesses
BEIJING - The government has vowed to "carefully listen" to the voices of foreign businesses based here, while at the same time, experts said there have been "improvements" on relevant policies, and international firms should focus on the big picture rather than small bumps in the road.
SPC issues rules on foreign investment disputes
BEIJING - China's Supreme People's Court (SPC) on Monday issued a set of regulations providing a detailed ruling basis for cases involving foreign investment companies regarding share transfer, anonymous investment and other procedures.
The regulations mainly focus on conflicts involving foreign limited liability companies, including the effectiveness and legal consequences of equity transfer contracts without administrative approval, according to a statement on the website of the supreme court.
The new rules also specify various conditions for anonymous investment, and consider contracts invalid only when investors allegedly violate laws and regulations or intent to escape legal responsibilities. The move aims to protect many investors who make anonymous investment when it is not proper to reveal their names.
Anti-trust law treats 'all firms equally'
BEIJING - China has "never discriminated" against foreign companies by using different standards in handling cases of mergers and acquisitions (M&A) involving the anti-trust law since its implementation in 2008, said a senior official of the Ministry of Commerce on Thursday.
Since the Chinese government blocked a proposed bid by Coca-Cola for China's top domestic juice maker Huiyuan at a price of $2.5 billion in 2008, there have been concerns that the country is unfairly treating foreign businesses by taking advantage of the anti-monopoly law.
“Know the enemy, know yourself, and victory is never in doubt, not in a hundred battles. He who knows self but not the enemy will suffer one defeat for every victory. He who knows neither self nor enemy will fail in every battle. ” (The Art of War,--Sun-Tzu,544-496 B.C) And this book is guiding you to gracefully win a M&A in China.
Global Times
Taiwan ratifies trade pact
The local legislature in Taiwan has approved a trade deal with the Chinese mainland, realizing a landmark trade pact that looks to slash tariffs on traded goods.
But the agreement has also stoked controversy on the island.
By a count of 68 to zero, the local legislature voted late Tuesday to pass the Economic Cooperation Framework Agreement (ECFA) after a day of review.
Editorial - Gauging China's strength correctly
Finding the best way to measure a nation's comprehensive strength is difficult. For a country with a large land area and complicated social situation as China, it is more so.
News that China's GDP has surpassed that of Japan was interpreted as China now being the world's No. 2 economy. Technically that information is correct, and it reflects well on China's growth over the past year.
However, that statistic can be interpreted several ways.
Gray income threatens to swallow China's growth
Editor's Note:
Gray income earned through methods like bribes, off-book transactions, and expense fiddling and other such methods is common in China. How bad is the problem? Will it drag down China's economy and worsen the wealth gap? People.com. cn (PO) talked to Zhong Dajun (Zhong), director of the Beijing Dajun Economic Observation Research Center, on these issues.
CCTV - 9
News for Today
China Business Culture Science & Technology Travel
International News Sources
The Wall Street Journal China RealTime Report
Africa Unlikely to Follow China’s Goose
Can Chinese investment inject some Asian-tiger-like vigor into African economies? That’s certainly the hope of many – including World Bank President Robert Zoellick, who has urged Chinese companies to expand beyond infrastructure and resource-extraction projects and also invest in manufacturing in Africa.
Will Geely Allow Revival of Volvo Amazon?
With Volvo now firmly in the hands of China’s Geely, any final word on the brand is assumed to rest with Geely Chairman Li Shufu.
But if Volvo Cars’ new chief executive Stefan Jacoby gets his way, there could be a revival of the Volvo Amazon, a beloved Swedish mid-size car manufactured by Volvo from the mid-1950s and throughout the 1960s, as a “retro car” as part of an effort to reinvigorate Volvo.
Levi’s Push for China Growth
Aiming to expand business, Levi Strauss & Co. rolled out a new brand Wednesday to win over a broader range of China’s consumers.
A Tale of Two Games
Consider with us a few headlines about the upcoming 19th Commonwealth Games in October in New Delhi, and compare them to what has been reported about the 16th Asian Games that will take place in November in Guangzhou.
Knockoff iPads Hit The Heart Of Beijing
Makers of knockoff gadgets in China love to abuse Apple’s brand recognition, sticking the U.S. company’s logo on Windows laptops, straight-up counterfeit iPhones and sometimes other handsets that look nothing like an iPhone.
China Cultivates Taste for German Cars
As Chinese Drivers Snap Up Germany's Luxury Exports, Berlin Frets That Its Economy Rides Too Much on One Customer
Germany's resurgent export economy is presenting the country's policy makers with a new worry—a growing reliance on China.
Taiwan Approves Historic Trade Deal With China
TAIPEI—Taiwan's legislature Tuesday approved a wide-ranging trade pact with China, removing the final hurdle to a historic accord that has stirred controversy on the island but will reduce tariffs on hundreds of products on both sides of the Taiwan Strait and deepen economic ties between the one-time enemies.
The New York Times
G.M. to Develop Small Engines With China Partner
By DAVID BARBOZA
SHANGHAI — Deepening cooperation with one of its major partners in China, General Motors said Wednesday that it planned to jointly develop small, fuel-efficient engines and advanced transmissions here with S.A.I.C. Motor Corp.
Caixin Online
Nature, Fatalism and Future Disaster Response
Beefing up disaster prevention and civilian warning systems will save lives that fatalistic attitudes will not
Natural disasters have been occurring with heartbreaking regularity in China. They've also been increasingly destructive.
Asia Times Online
China threat: Now you see it, now you don't
By David Isenberg
The Pentagon's annual threat assessment on China this year strikes an almost conciliatory tone, taking note of military-to-military ties and commending the People's Liberation Army's increased humanitarian and peacekeeping missions. While the usual warnings about missile programs and power projection were present, the report played down Beijing's capacity for "high-intensity combat operations" far from home.
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A selection of News and OpEd reflecting the main themes for
contemporary China starting from August 2008
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