9th of August 2010

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 Daily

China to quicken urbanization to restructure economy

Haikou – China will take up tough reforms in the next few years to start breaking down the dual urban-rural structure, readjust income distribution, improve social safety net and advance basic public services.

All these constitute the main tasks in the restructuring of the Chinese economy, transform the mode of growth and promote urban-rural integration in China, Peng Sen, vice chairman of the National Development and Reform Commission, said while giving keynote speech at an international forum in Haikou of south China on Saturday

Global Times

Editorial - Taking a stand on US provocation

The Pentagon signaled over the weekend that US aircraft carriers might participate in future joint drills in the Yellow Sea.

The words added to the already sizable distrust accumulated recently between China and the US. They also shattered the illusion of some Chinese over how the US treats China.

In a short period of time, the Sino- US relationship has ebbed quickly and seems to be still in a downward trend.

Various US politicians have expressed that the US does not see China as an enemy. However, words like these and recent actions by the US to contain China's growth suggest otherwise.

The mindset of taking on China as an opponent and suppressing China's rise remain firmly in place, even though such thinking may be temporarily sheltered by Washing-ton's urgent short-term needs.

It seems as if the US is good at playing games. US politicians are sweet-mouthed but then stab you in the back when you are not looking. Many Chinese feel betrayed when new anti-China actions take place soon after top Washington officials assure China of the importance of strong bilateral relations.

News for Today

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International News Sources

The Wall Street Journal

Some See the Hand of China in Recent Yen, Euro Rallies

After a big surge through the first five months of the year, the dollar has slumped against the euro and yen, with many traders pointing to softer U.S. economic growth and stabilization in Europe as the catalyst.

In currency markets, the buzz among traders is that there is another factor at work, too: China.

In recent months, traders believe, China has stepped up its buying of yen- and euro-based investments. This is likely because it is trying to diversify its $2.5 trillion of currency reserves away from holdings of U.S. Treasurys, some analysts say.

Perhaps not coincidently, some say, such ...

Yuan Fund Approved in Hong Kong

HONG KONG—Hong Kong's securities regulator approved the city's first yuan-denominated fund, run by the local unit of China's Haitong Securities Co., marking another step forward in Beijing's efforts to eventually make the yuan a major global currency.

The approval came about three weeks after China and Hong Kong signed an agreement on July 19 to remove some restrictions on usage of the yuan—also known in ...

Daniel H. Rosen: Taiwan Is Next Stop in U.S. Re-Engagement in Asia

Daniel H. Rosen is the principal of Rhodium Group, an advisory firm focusing on China, and is also a visiting fellow with the Peterson Institute for International Economics and an adjunct associate professor at Columbia University.

But the U.S. has not yet taken advantage of a significant opportunity to add to this momentum by boosting economic engagement with Taiwan.

成长汉语 Growing up With Chinese

Entertaining, fun and easy to follow. This series will have one hundred episodes, each fifteen minutes in length. The series’ aim is to use dramatic skits to teach three hundred of the most commonly spoken Chinese phrases to teenagers. It will be hosted by Charlotte MacInnis, a television host who is known to Chinese audiences as Ai Hua.

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