1st of September 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.

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

China puts 'super online banking system' into service

BEIJING - The People's Bank of China (PBOC), China's central bank, put its online payment interbank clearing system, or "super online banking system," into service Monday.

The system supports real-time interbank transfers and interbank balance inquiries.

China, Japan 'candid exchanges' crucial for future

TOKYO - China and Japan need to continue candid exchanges to smooth over thorny security and diplomatic issues and achieve mutual understanding.

This was the consensus from the two countries' political and security opinion leaders during the Beijing-Tokyo Forum, which ended Tuesday.

The 6th Beijing-Tokyo Forum wraps up in Japan - VIDEO

The 6th Beijing-Tokyo Forum, titled "The Future of Asia and Sino-Japanese Contributions," wrapped up on August 31 in Tokyo.

The two sides carried out dialogues in two comprehensive meetings and five panel forums on politics, economics, media, security and regions issues during the two-day agenda.

US turns down currency probes in two China cases

WASHINGTON - US Commerce Department announced on Tuesday its decision not to initiate investigation on allegations that China's currency practices constitute an unfair subsidy.

The currency allegations under review were made in the context of countervailing duties (CVD) investigations of two Chinese products -- aluminum extrusions and coated paper.

Clean-up bid for Yangtze set to begin

BEIJING - An alarm over massive environmental damage along the Yangtze River and its Three Gorges reservoir has been raised by officials as authorities plan to spend billions of yuan treating sewage and planting forests in a major clean-up campaign.

"Generally speaking, the ecological state (of the river) is still far from what the people are demanding," said Jia Zhibang, director of the State Forestry Administration at a press conference organized by the State Council Information Office on Tuesday.

China to put forward fresh measures to resume six-party talks

TOKYO - Visiting China's special representative on Korean Peninsula affairs Wu Dawei said Tuesday that Beijing plans to put forward fresh measures to resume the stalled six-party talks at an early date.

China, US highlight close economic ties

BEIJING - China and the United States Monday underscored their close economic relationship and called for its healthy growth.

"China and the United States share very close economic ties," Chinese Vice-Premier Wang Qishan told a US delegation led by two Missouri senators - Christopher Bond and Claire McCaskill.

Ethnic Musical Aoluguya Explores Ewenki culture

The musical "Aoluguya", which opened its curtain on August 26th at the Poly Theatre in Beijing, is based on the true story of Maria Suo, a woman who is part of the dying Ewenki people.

The only hunting tribe in China which keeps its reindeer, the Ewenki today have been reduced to a mere 200 members and 1,200 reindeer. However, China's last female chief, Maria Suo, is still living on this piece of her beloved land, where she has spent all of her life.

Slide: Picturesque Hulunbuir grassland in N.China

Global Times

Editorial  - Asian navies should trust each other

The Chinese navy's first-ever port call to Myanmar on Sunday has triggered plenty of noise and speculation in India.

The Indian press aligns Myanmar with Pakistan, Bangladesh and Sri Lanka, where they believe China has helped build port facilities, and conclude that the neighboring giant is aimed at building a "string of pearls" for greater space on the Indian Ocean - long considered India's backyard.

Just like the strong reactions from Japan when China's warships made their way through the first island chain into the Pacific Ocean, every step the fledgling power makes to test its wings has been met with suspicion.

The biggest fear, as some foreign strategists asserted, is that China may flex its muscles from one ocean to another, and eventually become a frightening superpower cruising around the world's blue waters.

What a grand picture these strategists are drawing. Some amateur military "experts" will jump into the air over the slightest mention of such an ambitious plan.

The reality of the situation is much less exciting than their fantasies.

CCTV - 9

News for Today

China     Business     Culture     Science & Technology     Travel

International News Sources

The Wall Street Journal   China RealTime Report

Okada’s Family Connection

Little noted in the discussion of Japanese Foreign Minister Katsuya Okada’s weekend talk with Chinese Premier Wen Jiabao  about business conditions for Japanese companies in China was the fact that Okada himself is not exactly a stranger to the issues foreign businesses face in China.

Taiwan and China Work on Their Thesaurus

The Economic Cooperation Free Trade Agreement signed on June 29 by Taiwan and China represents a new era between two governments that have been at odds since 1949.

China Deflects Pressure for Yuan Rise

Central Bank Official Says Appreciating Currency Won't Solve Trade Imbalance With U.S.; Urges Americans to Save More

BEIJING—A senior Chinese central bank official held out little prospect of a more rapid appreciation of the Chinese currency against the U.S. dollar to address a persistent trade imbalance between the countries, despite mounting frustration in Washington.

IBM Works on China's Medical Records

BEIJING—The Chinese government's plan to spend billions on health-care reform has multinational technology companies like International Business Machines Corp. and Dell Inc. racing to secure a slice of a huge potential market that has long been too fragmented and disorganized to crack.

IBM is deploying technology in a group of hospitals in China's southern Guangdong province that will help the hospital standardize its patient records, then use the records to make statistical analyses of traditional Chinese medicine treatments.

Kaixin OpEd - Great!! If, and I say if, Chinese Traditional Medicine proves to be effective then it can be incorporated into the training of western doctors. I, Graeme, use it regularly and believe it is effective.

Xiaosui made me medicine based on Chinese Traditional Medicine. I eat a small spoonful every day and my health has definitely improved. Best of all, my whole system is now regular (after many many years). It is basically a mix of natural ingredients and includes some Chinese Medicine along the lines of dragon’s scrotum and camel knee - it works!!!

I call it, jin se de da bian yao  -金色的大便药

The New York Times

China Fortifies State Businesses to Fuel Growth

While China owes its rapid growth to private business, it is often the state’s companies that are on the march, in part because of state-bank financing and stimulus spending.

The Age

'Say no' to Chinese investment: adviser

A FORMER economic adviser to George W. Bush has warned that Australia stands to lose its economic bargaining chip if it allows China to become a direct investor in domestic mining or agriculture.

Asia Times Online

China backs Karachi refinery
By Syed Fazl-e-Haide

China, demonstrating its continuing financial commitment to Pakistan, is to invest US$535 million to restart a refinery project in Karachi abandoned by foreign investors and contractors after the assassination of former prime minister Benazir Bhutto in 2007

US Southeast Asia pose risks China clash
By Clifford McCoy

A show of force from China appears to have left the United States undeterred in flexing its military muscle in Southeast Asia. As Washington steps up military assistance to Vietnam, Indonesia and Cambodia to support its "soft power" interests in the region, its pose risks provoking a "hard power" confrontation with a China already on edge over naval maneuvers further afield

Kaixin OpEd - I think the U.S. will find that they are not in the cold war era. China and SE Asia are far stronger and sophisticated. They will not sit back and let America ride roughshod and re-write history.

Caixin Online

Kremlin Economist Unfolds Russia's Roadmap

Deputy Premier Igor Shuvalov opens up on Russia's economic challenges, post-crisis opportunities and trade with China

Kaixin OpEd - Now, it would be ironic if Russia and China got together after all these years. After all, that was what America wanted to prevent when it formed an economic relationship with China in the 1970’s. America could not countenance the alliance of two large communist States. A wise move from America's point of view.

America bought the USSR to its knees using the power of capitalism. Well, actually, they rorted the central banking system and the $US’s reserve status …. but that’s another story.

The USSR broke up and the separate countries embraced capitalism.

China embraced capitalism.

God was in his heaven and all was right with the world. (God has to be a he. A woman would have made men give birth).

America smiled and got on with destroying capitalism.

Run that past me again????

America smiled and got on with destroying capitalism.

Now, Russia and China have strong economies. They have used capitalism to their own end while America let loose the dogs of greed from Wall Street and imploded economically.

There is a natural alliance between Russia and China.

Too late America ……. China and Russia did not embrace capitalism, they used it.

As Deng Xiaoping observed: I don’t care what you call it, as long as it works.

WSJ - Mad about Mooncakes

Mid-Autumn Festival – this year it falls on Sept. 22 – is mooncake season and each year brings a new crop. From the traditional — lotus-seed or custard cream – to chocolate, or even durian-cream, fillings.

Here’s a look at a few from this year’s batch.

– Amy Ma

See Also: Kaixin's 'Admiring the Full Moon during the Mid-Autumn Festival - The Mooncake Festival'

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