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
Wen assures foreign firms in China
TIANJIN - Premier Wen Jiabao assured foreign investors on Monday that China is still committed to creating an open and fair environment for them, amid recent complaints by some executives of multinational firms. "I wish to reiterate here that all enterprises registered in China according to Chinese laws are Chinese enterprises. Their products are made-in-China products," Wen said at the opening ceremony of the World Economic Forum (WEF) Annual Meeting of the New Champions, also known as the Summer Davos, in the northern port city of Tianjin.
Chinese trains on California tracks Governor Schwarzenegger tapping nation for high-speed rail network SHANGHAI - The Ministry of Railways on Monday signed a Memorandum of Understanding (MOU) with the Bay Area Council for investing in California's future high-speed rail network. Under the MOU, the council will provide assistance and consultancy services on high-speed railway construction to the Ministry of Railways and other companies under the ministry.
China's yuan rises to new high against US dollar BEIJING - The central parity rate of the yuan, China's currency renminbi (RMB), rose to a new high Tuesday, according to the data released by the China Foreign Exchange Trading System. The yuan's central parity strengthened 131 basis points, or 0.19 percent, to 6.7378 per US dollar Tuesday from 6.7509 per US dollar Monday, according to the data released by the China Foreign Exchange Trading System. China's central bank announced on June 19 this year that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.
Bottlenecks clog northern artery Multiple causes aggravate monster traffic jam. Jiang Xueqing and Cao Li in Beijing and Cheng Yingqi in Zhangjiakou report. Lu Yong looked through his windscreen toward the snake of unmoving traffic disappearing into the horizon and swore. Lu is just one of thousands of drivers caught up in the worst road congestion in recent decades, with many blaming a combination of high demand, limited capacity and ongoing construction work. However, experts speaking to China Daily insisted the country's inadequate freight rail services have also exacerbated the problem.
China Daily website is running a special coverage on people’s dreams in Beijing under its This is Beijing program, and this is the first part of five people's dreams. Our previous issue was about morning exercises
Summer Davos 2010 to focus on sustainable growth More than 1,000 leaders from government and industry around the world gathered in Tianjin Monday for start of the 2010 Summer Davos, or the the fourth Annual Meeting of the New Champions. Convened by the World Economic Forum, the three day event with delegates from more than 80 countries and regions will gather to tackle the latest issues in world economic development under the banner of 'Driving Growth through Sustainability.'
China's improvement fastest among BRIC - VIDEO Robert Greenhill, managing director and chief business officer of World Economic Forum, spoke to China Daily in an interview right after the Global Competitiveness Report 2010-2011 was released Thursday.
Summer Davos 2010 in Tianjin
Exclusive interview with Pascal - Video Pascal Lamy, director-general of the World Trade Organizaiton (WTO), spoke in an exclusive interview with China Daily during the second World Investment Forum, which opened on Tuesday in Xiamen, Fujian province.
Global Times
Mao Junior pays homage On the 34th anniversary of Mao Zedong's death, Mao's only adult male descendent, Mao Xinyu, spent September 9 both with his family and the media. In the morning Mao, together with his wife and 7-year-old son, paid homage to his grandfather, preserved in his crystal coffin in the Mausoleum in Tiananmen Square. In the afternoon, he gave a 30-minute speech on "The formation and development of Mao Zedong's thoughts on the military" with people.com.cn. He then held a one-hour online discussion answering questions from a Global Times reporter and other online participants.
Overseas farmland can fill empty rice bowls
Editor's Note: As the gap between grain demand and supply in China increases yearly, the world's largest country by population faces a direct threat to its food security. Within the next 10 years, China may have to be reliant on imported food. What keeps China's grain production from growing, and what are the solutions? How will China's food security influence world markets? Global Times (GT) reporter Wang Yuan talked with Zheng Fengtian (Zheng), vice president of School of Agricultural Economics and Rural Development, Renmin University of China, on these questions.
Kaixin OpEd - So if China is buying food from the world's foodbowls in 10 years and it can afford to pay the most, but that leaves other countries with a food shortage ...... what then??
CCTV - 9
News for Today
China Business Culture Science & Technology Travel
International News Sources
The Wall Street Journal China RealTime Report
China Has Done ‘Very Little’ on Exchange Rate: Geithner WASHINGTON — Treasury Secretary Timothy Geithner said China has not done enough to allow its currency, the yuan, to rise.
See Kaixin's - Follow the Debate 'The Yuan its Value & Internationalization'
MNCs Talk Nice About China At ‘Summer Davos’ At the opening of the World Economic Forum’s “Summer Davos” in Tianjin on Monday, prominent executives from General Electric and Coca-Cola Co. appeared on stage to take part in a debate on the position of multinational companies in China. A certain tension pervaded the atmosphere. In July, after all, General Electric Chief Executive Jeffrey Immelt was caught complaining bitterly at the treatment of foreign companies in China, saying China is increasingly developing its own technology to compete with U.S. exports and that it isn’t clear China wants foreign businesses to be successful in its market.
Kaixin OpEd - See Above for extensive coverage of the Summit
Video: China’s Trump Shows No Fear Earlier this year, Chinese real estate developer Ren Zhiqiang joined former U.S. President George W. Bush and current Chinese Premier Wen Jiabao on a very short list of people capable of inspiring that ultimate act of public disapprobation: shoe-throwing. Ren’s close encounter with flying footwear came while he was giving a speech at a real-estate conference in Dalian. Unlike Wen, who essentially ignored the shoe launched in his direction at a speech in Cambridge last year, Ren seemed to embrace the attack. Cracking a smile after the first salvo missed its mark, he went on to insult the shoe-thrower as someone probably frustrated at being too poor to buy a house.
Kaixin OpEd - Kaixin hopes he does not push China to implement the George W Bush solution. To give money to everyone and anyone and create one of the most dangerous housing bubbles in recent history.
Alibaba Wows Arnold With Jobs Claim When Alibaba.com CEO David Wei promised to create 100,000 jobs over three years in the U.S. at parent Alibaba Group’s annual conference this weekend, it surprised at least few people — including California Governor Arnold Schwarzenegger, a guest speaker at the conference in Alibaba’s hometown of Hangzhou.
Africa, China And Getting Beyond Resources China’s growing relationship with Africa is a crucial topic for Mthuli Ncube, the recently-appointed chief economist of the African Development Bank. The Wall Street Journal caught up with him at the World Economic Forum meeting in Tianjin, China, and asked for his assessment of how trade with China is changing a continent of a billion people. Here are some edited excerpts from the interview: What impact has trade with China had on Africa’s own manufacturing sector?
Yuan Hits High on Rate Changes, Geithner Remarks SHANGHAI—China's central bank guided the yuan to a fresh high against the U.S. dollar for the second consecutive trading session, fueling regional expectations that Beijing could allow further yuan gains in the face of increasing pressure from the U.S. over its currency policy. The yuan ended trading in Shanghai Monday at 6.7618 to the dollar, its strongest closing level since the currency began trading in 1994. That came after the People's Bank of China set the daily reference rate for trading at its highest level ever, topping a record it set on Friday. The yuan's trading is tightly controlled and ...
China Vows Fairness to Foreign Firms TIANJIN, China—Chinese Premier Wen Jiabao pledged that foreign businesses in China will be treated fairly in one of the government's most direct moves yet to counter concerns about its policies among international executives.
Volvo's big China Gamble
New Owner Plans to Open Three Plants in Effort to Boost Brand's Global Sales The new China-based owners of Volvo plan to build as many as three assembly plants in that country to make the Swedish brand's vehicles—an ambitious gamble that the company can almost double sales globally by dramatically raising them in China. Volvo's new production plan envisions making up to 300,000 vehicles a year in China, and selling all of them there. Volvo sold just 24,405 cars last year in China, where it has little brand presence in a highly competitive market. The plan, disclosed in an interview by Li Shufu, chairman of Zhejiang Geely Holding Group Co., would add to a ...
Japan Frees Crew of Chinese Boat But Holds Captain
Beijing Complains Again to Japan's Ambassador and Postpones Gas-Deposit Talks BEIJING—Japan said 14 crew members of a Chinese fishing vessel seized last week were free to go, an apparent move to defuse mounting tension between the two Asian giants in an episode that has highlighted regional tension over China's territorial claims.
Suzlon Plans China Export Hub TIANJIN, China—Suzlon Energy Ltd. plans to open a research-and-development center in China and to make the first large export of turbines from its Chinese factory, its chairman said.
The New York Times
Leader Says China Needs To Stabilize Home Prices TIANJIN, China (Reuters) — Stabilizing house prices is an essential task for every level of government in China, Prime Minister Wen Jiabao said on Monday, underlining how worries about a red-hot property market have become a central focus of policy makers.
Op-Ed Columnist China, Japan, America By PAUL KRUGMAN Last week Japan’s minister of finance declared that he and his colleagues wanted a discussion with China about the latter’s purchases of Japanese bonds, to “examine its intention” — diplomat-speak for “Stop it right now.” The news made me want to bang my head against the wall in frustration.
Asia Times Online SUN WUKONG Greening China, from a paint pot By Wu Zhong, China Editor Astonishing lip service paid by local officials to President Hu Jintao's environmental directives has included the painting of hillsides green to fool satellites monitoring tree coverage and shutting off power to meet targets for lower energy consumption. Public outrage proves the "emperor" may still be far away, but corrupt officials can no longer hide behind "high mountains".
The Age In China, it's always (Communist) Party time John Garnaut Although discreetly out of sight to foreigners, the communists are still running practically everything. CHINA Minmetals president Zhou Zhongshu gave intelligent and relatively candid answers to all my questions except this one: ''What decisions are made by the Communist Party committee in Minmetals?''
Kaixin Oped - Ummm, John, as you well know, that is not news. Everyone in China knows about it. You have to be a member of the communist party if you seriously want to get on in the public sector, and it doesn't hurt in the private sector. Why report it as though you have discovered a hidden secret? It isn't, and never has been in China since 1949.
Most people Kaixin speaks to support the Communist Party, after all it is doing a good job for China. The 'west', in particular the media, still seem to think of China in terms of the Cultural Revolution and Mao.
The implication of using the term 'communist' as though it was sinister harks to the experiences of the 20th century when it was waved around like a limp flag of ideology by ruthless and generally in-effective governments.
Those governments tended to miss-understand communism, as do most people in the west, me included I suspect. Though I have pondered it deeply. It is not that the goal of communism to spread the wealth of a nation around equally is flawed. It has always been its implementation.
China has well and truly moved on from Mao. As Kaixin has opined, Mao was the right person to take power in China, but he was the wrong person to govern China.
Deng Xiaoping was not into labels. He was into effective government.
Hence he did not care what you labelled government in China, as long as it delivered real benefits to the Chinese people. The government in China has done just that over the last 30 years. Hence, most people in China support it.
If you have to be part of the Communist party, an open ‘secret’, then so be it.
See: Mao's Last Swimmer
"Poverty is not socialism. To be rich is glorious"
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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