18th 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's pollution reduction right on target

BEIJING - China is beating its targets for reducing major air and water pollution for 2010, Environmental Protection Minister Zhou Shengxian said.

On the back of that success, the country will include two more pollutants into its compulsory emission control program during the 12th Five-Year Plan (2011 - 15) period.

"China has dramatically boosted its pollution prevention capacity, and is set to meet the emission reductions of sulfur dioxide and chemical oxygen demand between 2005 and 2010," Zhou was quoted as saying on Friday by People's Daily at an international forum on environment and development.

 

Two 90-m-high cooling towers collapse following a controlled explosion at the Huaneng Changxing Power Plant in Changxing county, Zhejiang province, on Thursday. The plant shut down two outdated electric generating sets in order to reduce coal consumption and waste emission in August.

Yuan likely to come up at Sino-EU summit

Brussels - The European Union (EU) is very likely to pressure China on currency appreciation at the upcoming Sino-EU summit in Brussels.

The EU hinted in a document released at the end of a one-day summit on Thursday that currency policy was high on the list of strategic interests the EU planned to pursue when Chinese and EU leaders meet in October.

"In view of the EU-China summit in particular, the European Union should actively pursue its strategic interests, (including) the dialogue on exchange rate policies," the document said.

Kaixin OpEd - I wouldn't worry. They will probably have to hold at least 20 meetings to decide whether to hold a meeting.

Beijing buys more US debt

BEIJING/WASHINGTON - China increased its holdings of United States treasury debt in July after two months of net sales and economists say it is unlikely Beijing's appetite for US assets will fade in the near future as two of the world's largest economies become increasingly interdependent.

China's holdings of treasury bonds rose slightly to $846.7 billion in July after two months of declines, the US Department of Treasury reported on Thursday.

The news allayed concerns that Washington's largest creditor was moving away from investing in dollar assets.

Ford to launch first ever SUV model in Chinese market

Edge to premiere at Chengdu Auto Show, plug gap in product portfolio

CHENGDU - US automaker Ford Motor Co plans to enter China's booming sport utility vehicle (SUV) market, launching its first SUV model in the domestic market during the fourth quarter of this year, a top company executive said.

Art festival goes beyond the norm

Art was rarely in the mind of Wang Bian'e or the other farmers she worked with in North China's Shanxi province.

However, in Songzhuang in Beijing - arguably China's largest colony of artists - the smiling face of this 45-year-old laborer is found on numerous promotional posters for the 6th Songzhuang Culture and Arts Festival, running from Sept 10 to Oct 10.

Exhibitions and a promotional poster at the 6th Songzhuang Culture and Arts Festival.

 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.'

Double dip unlikely, says IMF official - VIDEO

The global economy does not face the risk of a double dip although it has entered a slow growth trajectory, Zhu Min, special adviser to the managing director of the International Monetary Fund (IMF), told China Daily on Tuesday.

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

 

 
Sun Pinyin developers - VIDEO

If you do a search on Ping Guo (Apple) and Shu Ru Fa (Input method) in Baidu, you will find Sun Pinyin at the top of the search results.

Years ago, Zhang Lei, Sun Yong, Xue Wei and Cao Yuhao worked on developing the Sun Pinyin - a Chinese character input method project by Sun Microsystems. This input method was developed to serve Chinese users.

 

 

CCTV - 9

News for Today

China     Business     Culture     Science & Technology     Travel

International News Sources

Caixin Online

Cautiously, China's Home Market Goes for Gold

New-home sales are picking up and most developers are financially sound, but mixed market signals abound

Home shoppers sidelined by high expectations reached a new turning point in recent months: They stopped expecting prices for newly built homes to decline, and finally took the plunge.

China's Next Resource Push Targets Potash

Keeping Chinese farms supplied with fertilizer is the goal of a Zhongchuan Mining initiative at a Canadian mine

(Beijing) -- Ever since the world's top mining concern BHP Billiton announced August 18 that it was bidding for Potash Corp. of Saskatchewan, the world's largest potash producer, resource anxiety has been rising in China.

Access to affordably priced potash that China needs to fertilize farm crops could become more challenging if BHP buys the Canadian company.

Japan’s Intervention into the Currency Market: Whose fault?

A U.S. policymaker accuses China for leading Japan to take the action. 

But, is it true?   

By Intern Researcher Takehiro Masutomo   

On September 15th, the Japanese government and the central bank (BOJ) intervened in the currency market to stop the Japanese yen from being too strong against the dollar, the first time since 6 years ago.    

According to the media report, the intervention was operated unilaterally all in Tokyo, London and New York currency markets, and the scale of the operation mounted to 2 trillion yen on the first day sorely, making it the largest intervention on a single day in the Japanese financial history.     

As a result, the yen declined 3.1% to 85.63 yen. A newly re-elected Japanese PM Kan said on the 16th that he would not rule out the possibility to make an intervention furthermore. 

The Age

Dell to spend $106 billion on China expansion plans

DELL plans to spend more than $US100 billion ($A106 billion) over 10 years to broaden operations in China and capture more sales in the world's second-largest economy.

The Sydney Morning Herald

Yen intervention gives China get-out-of-jail-free card

Timothy Geithner can’t be happy.

The US Treasury secretary has worked 24/7 for 20 months prodding China to revalue the yuan. Even scant progress is vital as November’s congressional elections approach. Geithner can forget it after Japan’s intervention.

It’s a little-appreciated side effect of Japan’s first yen sales in six years. Any calls for China to boost the yuan will now be met with a blunt retort: Yeah, why don’t you call Tokyo first? Japan’s per-capita income is more than 10 times ours and you’re giving us grief about exchange rates?

The New York Times

Chinese Investors Flock to London to Buy Real Estate

Ms. Minegishi was hired not for her experience in real estate sales — she is studying management at a London university — but for her language ability. She is fluent in Mandarin, an increasingly valuable skill in London’s residential real estate market.

Nick Vestey, of Knight Frank in Knightsbridge, at a five-bedroom house he sold to a Chinese investor for more than $26 million. per oanda conversion

The Wall Street Journal   China RealTime Report

Why the Chinese Love Lafite

For Robert Sleigh, head of wines for Sotheby’s in Asia, no other bottle captures the Chinese imagination like Château Lafite Rothschild. In recent years, this particular Bordeaux has become the most coveted wine in Asia — and it’s helped to fuel huge price increases in this kind of wine. “The Asian wine market is what is driving the world market right now — it is one and the same thing,” says Sleigh.

Property Bubble Spawns ‘Group Rentals’

After decades of being pushed aside by the mad rush towards capitalist individualism, communal living is making a comeback in big Chinese cities. But this is not your grandfather’s work unit-style communism.

 

China’s urban population soared to 607 million last year out of a population of 1.3 billion

Transparency In An Unlikely Place

China isn’t renowned for being the paragon of corporate transparency. In fact, one of the reasons cited by executives and their advisers for taking state-owned firms public in Hong Kong is so that the expectations and pressure of international investors will force an improvement in disclosure and corporate governance.

But in a strange twist, China’s banking regulator is requiring multinational foreign banks operating in China to reveal more about their performance here than they would typically disclose about any geographical market.

Video: China Gets the iPad

Apple has been slower than competitors in establishing retail channels in China and in bringing its hottest products to the world’s most exciting market. But with the launch of its iPad tablet computer in China today, the company may finally be upping its China game.

Enter the Dragon on Indian Roads

As the United States sits in India’s bad books  for its recent moves against outsourcing, Prime Minister Manmohan Singh’s government is laying a pathway for China to invest in the country’s roads and highways projects.

 

Boycott Japan (And Buy Some Vitamins!)

Japan-bashing has long been favored by Chinese leaders as a way to unify public opinion and rally support for the Communist Party. Now a Chinese company appears to have decided that it’s good for business too.

Shanghai or Austin: Who’s Sexier?

Tall buildings, big events, modernity: The characteristics of a sexy Chinese city.

Condom sales, birth rates, transmitted disease and toys: The determinants of a sexy U.S. city.

In unrelated surveys released this week, Shanghai was named China’s sexiest metropolis (in Chinese) while Austin, Texas was crowned with that honor for the U.S.

China Holiday Schedule is Hard Work

A once-in-500-years lineup of traditional and modern holidays has made for a confusing vacation schedule in China.

The Mid-Autumn festival is traditionally a time for visiting family, watching the full moon and eating moon cakes. It’s followed closely this year by the week-long National Day holiday commemorating the October 1, 1949 founding of the PRC, but the two holidays don’t overlap as they sometimes do. As a result, the government has issued an official holiday schedule that is the most complicated ever, according to local media reports (in Chinese). Even the Liberation Daily, a party mouthpiece, seems baffled (in Chinese).

China Daily - 42kg 'mooncake king' costs 4,680 yuan

A large mooncake weighing 42 kilograms is claimed by its producer to be Yunnan's "mooncake king" and is now available at the provincial capital of Kunming for 4,680 yuan ($715)

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'

  Subscribe to Kaixin's China News RSS-Feed

Updated Daily

THEMES

A selection of News and OpEd reflecting the main themes for

contemporary China starting from August 2008

Green China  

Insights into China

Economic China

FOLLOW THE DEBATE

Yuan Revaluation & Internationalisation

China & Taiwan

China Real Estate

China News Archive for daily News on China starting August 2008

Kaixin's Daily OpEd Archive 2008 - 2010

"See what we think"

If you found Kaixin interesting, please SEND AN EMAIL and tell a friend. 

Tweet

If you are a regular visitor and enjoy the China News, Kaixin OpEd & Follow the Debate you might like to consider a regular $5 monthly subscription.

You do not need a PayPal account to Subscribe. PayPal accepts credit card.