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
Key index indicates rebound, easing fears
BEIJING - Manufacturing in China rebounded in August, easing fears of a steep correction to the economy, analysts said.
The Purchasing Managers' Index (PMI), a major indicator of economic activity, rose to 51.7 percent in August, up 0.5 percentage points from the July figure, and reversed a three-month fall in the growth rate, the China Federation of Logistics and Purchasing said on Wednesday.
US southern states woo China investment
BIRMINGHAM, Ala - When Alabama Governor Bob Riley took over as chairman of the Southern Governors' Association (SGA) last year, he set a simple but far-reaching goal: to boost economic development in the US South by attracting international investment.
But before this could be achieved an important question had to be answered. Which country could help us meet our aim?
"Since we cannot travel to countries simultaneously, which country should we start our initiative with first?" Riley told China Daily during the association's recent annual meeting. "It was our unanimous opinion that since China is such a vibrant, growing and strong market, we would start this initiative in China."
Kaixin OpEd - Y’all come on down to my place, y’hear
Demand for 'green funds' increasing
CHANGCHUN - Demand for financing to China's new energy industry, emission reduction and environmental protection could amount to 8 trillion yuan ($1.2 trillion) in the coming decade, said a senior provincial official on Tuesday.
China could also devise favorable policies, including the issuance of yuan-denominated "green bonds", to meet demands, Gao Cailin, director general of the Office of Financial Affairs of Jilin Province, told China Daily.
Yuan may be allowed for overseas investment
China will continue to loosen restrictions on cross-border yuan flows and consider allowing companies to use yuan for overseas investments, Hu Xiaolian, vice governor of the central bank, People's Bank of China (PBOC), said Tuesday.
She also said China will approve the "Mini QFII (qualified foreign institutional investor)" scheme, which allows institutions to channel overseas yuan deposit into investments in China within certain limits, the National Business Daily reported Wednesday.
Shenzhen drafts new labor law
SHENZHEN - Southern China's Shenzhen city has drafted new labor rules to smooth industrial relations in the special economic zone (SEZ), after the manufacturing hub was stung by a series of worker strikes earlier in the year.
The draft law is scheduled to be reviewed as early as September in a meeting of the standing committee of the Municipal People's Congress, which stipulates that the collective bargaining shall be conducted at least once a year.
Tibet Pavilion attracts 6 million Expo visitors
Slide: Picturesque Hulunbuir grassland in N.China
Global Times
Historical blunders resonate with our own troubles
By Bill Siggins
A recent research project has taken me back to a time when Chinese in North America faced blatant, legalized discrimination and crippling oppression that stymied their every ambition.
I found not only shocking societal attitudes that are abhorrent to our way of thinking today, but also both hope and worry about our lives today. History has proven that fundamental change in human nature is possible, but only, it seems, when preceded by catastrophic events.
Like most people I had some notion of the era when the west coast of the faraway continent was referred to by Chinese simply as Gold Mountain. Tens of thousands of fortune seekers fled poverty and oppression at home.
Hoping to strike it rich in the numerous gold rushes of the mid-1800s, the "Gold Mountain men" mainly dreamed of returning home to build fortified mansions that would protect their new found wealth and earn them reverence from future generations.
The reality was that most Chinese emigrants found far more tragedy than glory.
House price ruins migrants' urban dreams
By Jeffrey Becker
As a member of the "next generation" of migrant workers, Tang Jianyi has spent his adult life in the Pearl River Delta. Though from rural Sichuan, he hasn't experienced farm work in years, working instead in the factories of Shenzhen and Dongguan.
Yet while he dreams of settling down in a South China metropolis, buying an apartment, starting a family, and becoming an established member of the society he and other migrants helped create, rising housing prices make this goal all but unattainable.
Tang is not alone. Recent labor unrest in the Pearl River Delta, Shanghai, Suzhou, Tianjin and elsewhere has sparked renewed interest in China's workers, particularly the millions of migrants who leave the countryside searching for better wages.
Many factors undoubtedly contribute to this current labor unease: long hours and unpaid overtime, poor working conditions, stagnant incomes, as well as the changing dynamics of the labor market itself, which has transformed the "migrant worker flood" (mingongchao) of the past few years into the "migrant worker shortage" (mingonghuang) felt today.
Yet when discussing the current conditions of China's workers, one factor often goes unrecognized: China's rising housing prices and their negative impact on migrant labor.
CCTV - 9
News for Today
China Business Culture Science & Technology Travel
International News Sources
The Wall Street Journal China RealTime Report
PBOC’s Hu on the Yuan, U.S. and Global Economy
Hu Xiaolian, deputy governor of the People’s Bank of China, sat for an interview Tuesday with The Wall Street Journal. She is the most senior of five deputy governors under central bank head Zhou Xiaochuan and has been the front person for the new currency policy the central bank rolled out in June.
Mongolia Weighs Wind for China
Mongolia, one day, hopes to export more than just coal to neighboring China.
At a recent cabinet meeting, Prime Minister Sukhbaatar Batbold outlined plans to ramp up the country’s investments in alternative energy and to export wind power to China — enough to equal 40 million tons of coal.
Photo courtesy of the Wall Street Journal
China's Rebound Eases Slump Fears
SINGAPORE—Manufacturing in China, set to become the world's second-largest economy, rebounded in August, bolstering confidence that the country can propel Asia away from a double-dip recession despite weaknesses in some smaller regional economies.
Beijing, Saskatchewan Flex Muscles Over Potash
As State-Owned Sinochem Hires Banker to Consider Bid, Canadian Official Expresses Concern
As Sinochem Corp. ramped up consideration of making a bid for Potash Corp. of Saskatchewan, the Canadian province's top official said he'd have grave concerns about such a takeover and would flex his regulatory muscle to protect the province's interests.
His opposition came as Sinochem hired HSBC Holdings PLC to advise the state-owned chemical company on its options, a person familiar with the situation said. Potash last month rejected a $38.6 billion offer from BHP Billiton as too low, spurring the miner to take the offer directly to shareholders. The person familiar with Sinochem's situation said the engagement of HSBC ...
Kaixin OpEd - Jeez, I love these politicians from the ‘west’. They preach capitalism until it hurts your ears.
The only reason that China can afford to buy huge companies in the ‘west’ is that it outplayed the ‘west’ at its own game, capitalism.
Instead of bleating like frightened lambs, why not let capitalism work its magic?
Capitalism promotes the strong over the weak, the successful over the un-successful, winner takes all.
I am sure that this frightened little lamb from Canada had the money he would be buying successful Chinese companies with his ears pinned back. If China resisted he would bleat and bleat and bleat about unfair protectionism.
Wake up ‘west’!
You chose the game, capitalism. You can’t now sulk, take your bat and ball and go home because it is becoming hard to play.
Spain Reaches Out to China on Government Debt
BEIJING—Spain hopes China will increase its investment in Spanish government debt, Prime Minister José Luis Rodríguez Zapatero said on a visit to Beijing, highlighting China's importance as a source of global capital.
Kaixin OpEd - Spain, 西班牙 Xi ban ya in Chinese, literally translated means western teeth.
At the moment, as one of the PIGS, Spain is all gums and no teeth.
As an aside, PIGS, zhu rou, are the principle meat dish of China.
The New York Times
Wall Street Surges After Good Reports
Manufacturing reports that showed growth in the United States and China helped propel stocks on Wednesday, providing an upbeat start to a new month.
Asia Times Onine
SINOGRAPH
Stillness conquers heat
By Francesco Sisci
Laozi's Biography, a quasi novel by Yu Shicun about the central figure in Taoism, could be the beginning of a watershed, and elevate the sage's cryptic verses on Chinese culture's inner workings in the same way as a modern interpretation by Yu Dan started the Confucian craze. Setting up Tao Institutes would help to reveal what foreigners do not grasp about basic Chinese ideas.
Caixin Online
Property Developers Face Mounting Capital Pressures
The approaching end-of-year deadline for loans will call in 40 percent of nationwide real estate loans, putting an additional strain on property developer finances
Barring sluggish property sales in September and October, property developers could still face a serious strain in finances when 40 percent of China's real estate loans come to term at the end of the year, according to a source from a large state-owned bank.
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'
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
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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
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