2nd of September 2011
The Lion Awakes
Daily News, Culture & Current Affairs about China
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People's Daily
China's PMI index points to uptick in economy
CHINA'S industrial activities rebounded slightly in August for the first time in five months as the country's economy continued to stabilize.
The Purchasing Managers' Index, a comprehensive gauge of manufacturing activities across the country, rose to 50.9 points last month, the China Federation of Logistics and Purchasing said yesterday.
Defining future of China's economy
1) Accelerating the transformation of economic growth pattern
China should make greater efforts to accelerate the transformation of its economic growth pattern because a better pattern will help the country, which is in a golden period of development, maintain rapid and stable economic growth and promote the construction of a well-off society. Furthermore, China can draw on its experience in transforming the economic growth pattern to deepen reforms to the administrative system.
2. Promoting coordinated development of different regions
The issue of China's imbalanced regional development lies in neither the imbalance in gross economic output of different regions nor the difference in the pace of development for different regions but rather the overly wide gap in the income of rural and urban residents as well as the levels of public services and infrastructure in different regions.
China ranks fifth in capital export power
Fan Chunyong, deputy head of the China Industrial Overseas Development and Planning Association, said at China's foreign investment cooperation seminar on Aug. 30 that China has leapt to fifth place in terms of foreign investment.
China faces rude awakening about inflation - Opinion
Because the overall level of prices remains high, the National Development and Reform Commission's Department of National Economy admitted that it is unlikely China will meet the full-year inflation target for the first time, according to an analysis recently published on the commission's website.
See Kaixin's - Economic China
Housing prices up by 253% in last 7 years
Shanghai's property boom over the past seven years has caused housing prices to soar exponentially by 253 percent, but there are signs that the trend may be slowing, a new study suggests.
See Kaixin's - China Real Estate
China Daily
Opening ceremony starts for Shenzhen Universiade - SLIDESHOW
China pushes for opening up to Eurasian heartland
URUMQI - China will speed up the opening up of its western inland region, continue to fund cross-border infrastructure projects, and roll out favorable policies to make Xinjiang a key economic hub at the heartland of Eurasia.
Vice-Premier Li Keqiang told officials and business leaders attending the first China-Eurasia Expo in Urumqi, Xinjiang Uygur autonomous region, on Thursday that opening up to countries in Eurasian heartland was an important part of the country's overall opening-up.
Xinjiang, which covers one-sixth of China's landmass, borders key regional players such as Russia, Kazakhstan, and Pakistan. The region also holds abundant oil and gas reserves. But regional economic activities were slowed partly due to poor infrastructure along the border, which runs across rough territories such as the Pamirs plateau.
The aerial view of Urumqi, capital of northwest China's Xinjiang Uygur autonomous region
Xinjiang to lead nation's new opening-up drive
The process of opening up inland regions to the world will be quickened and the remote autonomous region of Xinjiang will spearhead the drive, Vice-Premier Li Keqiang said on Thursday.
Consultation to settle China-Philippines disputes
BEIJING - Leaders from China and the Philippines agreed on Thursday to properly handle disputes in bilateral relations through consultation, and boost bilateral ties.
The agreements were made during meetings between China's top legislator Wu Bangguo and Premier Wen Jiabao with visiting Philippine President Benigno Aquino III, respectively.
Beijing as a 'World City' for brands
Beijing will be holding an international brands festival, from Sept 3 to 5, to help turn a major shopping thoroughfare - Wangfujing St - into a place for exchanges between domestic and international brands and for more business and trade cooperation with the rest of the world.
Duties lifted on imports of equipment for CBM
Move will reduce costs, improve profits for domestic producers
BEIJING - China will waive import duties for the fast-growing imports of equipment for coalbed methane (CBM) exploration and development projects during the 12th Five-Year Plan (2011-2015), making it the country's first exemption in the sector.
The move aims to support the development of the gas, the Ministry of Finance said on its website recently.
China to auction shale gas blocks
BEIJING - China may hold a second and possibly a third auction of shale-gas blocks by the end of this year in an bid to accelerate the pace of exploration and development of the fuel, Pan Jiping, a researcher at the Ministry of Land and Resources, said recently.
The dilemma of holding US govt debt
China has foreign currency reserves of more than $3.2 trillion, about 70 percent of which is believed to be in US dollar assets, especially in Treasury bills and bonds. Given the continuous increase in US government debts and downgrading of its credit rating by Standard & Poor's, the most obvious step for China would be to stop accumulating US Treasuries or start reducing its dollar assets.
Under such circumstances, what exactly can China do?
See Kaixin's - Economic China
NW China gold mine likely to be largest in Asia
Local land and resource officials in Qinghai province estimate that Dachang gold mine is likely to become one of the largest gold mines in Asia with 300 tonnes in proven reserves in 2015.
The current proven reserve in Dachang mine in the Tibetan autonomous prefecture of Yushu is 195 tonnes, with another 35 tonnes expected to be confirmed by the end of 2011, according to the Qinghai Land and Resources Department.
Shoton Festival celebrated in Tibet
Tibetan Buddhists and tourists view a giant thangka, a religious silk embroidery or painting unique to Tibet, during the Shoton Festival at Drepung Monastery on the outskirts of Lhasa, Tibet autonomous region August 29, 2011. Shoton Festival, usually celebrated in the sixth month of Tibetan calendar, is one of the most important festivals in the Tibetan Buddhism and in Tibetan area. Shoton Festival means the festival when people drink Yoghurt according to the explanation of Tibetan.
See Kaixin's - China & Tibet
Worship of Confucius ahead for new school
Pupils in traditional costumes attend a ceremony at the Confucius temple in Nanjing, Jiangsu province, Aug 31, 2011. Roughly 300 new students from Fuzimiao primary school took part in the ceremony marking the beginning of their formal education.
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XinHua News
Vice President Xi Jinping underscores value of learning Chinese history
BEIJING, Sept. 1 (Xinhua) -- Chinese Vice President Xi Jinping on Thursday called on communist officials to read books on Chinese history and apply historical experience to their work.
Chinese vice premier calls for enhanced tourism development
BEIJING, Sept. 1 (Xinhua) -- Chinese Vice Premier Wang Qishan on Thursday called for China's tourism sector to shift development priorities from quantity to structure, quality and efficiency.
China, the Philippines agree to downplay maritime disputes, enhance economic ties
BEIJING, Aug. 31 (Xinhua) -- Chinese President Hu Jintao and his Philippine counterpart Benigno Aquino III on Wednesday agreed to strengthen economic and trade cooperation while minimizing the impact of disputes in the South China Sea.
China calls for futher cooperation between western Chinese regions and Asian, European nations
URUMQI, Aug. 31 (Xinhua) -- Chinese Vice Premier Li Keqiang called for the further boosting of exchanges and cooperation between western Chinese provinces, autonomous regions and Asian and European nations here on Wednesday.
China's three new types of fighters conduct test flights
The undated photo taken by a netizen shows China's stealth fighter J-20 during a test flight in Chengdu, southwest China's Sichuan Province. Recently, China's three types of advanced fighters, namely J-20, J-10A and FC-1 Xiaolong, conducted frequent test flights over the southwestern city of Chengdu, according to huanqiu.com. 
Several foreign leaders to attend China-Eurasia Expo in Urumqi
BEIJING, Aug. 30 (Xinhua) -- Chinese Foreign Ministry spokesman Ma Zhaoxu said here Tuesday that several leaders of foreign countries are to attend the first China-Eurasia Expo in the northwestern Chinese city of Urumqi.
Pakistan President Asif Ali Zardari, Kyrgyz President Roza Otunbayeva, Azerbaijan's Vice Premier Abid Sharifov, and Kazakhstan's Deputy Prime Minister Aset Isekeshev are scheduled to attend the expo, at the invitation of the organizing committee of the expo, Ma said in a press release.
The expo will be held from Aug. 31 to Sept. 5.
Global Times
Aquino begins visit amid strained ties
Philippine President Benigno Aquino arrived in Beijing on Tuesday on a mission to secure $60 billion in economic deals, amid spats between the two sides over the South China Sea issue.
Aquino, in his first state visit to China, will meet with President Hu Jintao, Premier Wen Jiabao and business representatives during his five-day tour, which will also take him to Shanghai and Xiamen.
Most of the president's 300-strong delegation are business leaders.
"The visit hopes to push for more trade, investment. It will also showcase the Philippines as an attractive and profitable business destination," Philippine Foreign Affairs Assistant Secretary Cristina Ortega told reporters on Tuesday.
Iceland farm deal 'illegal'
A Chinese businessman's planned land purchase in Iceland has sparked concerns in the West over Beijing's ambitions in the region, while Chinese analysts dismissed such worries as unnecessary.
Huang Nubo, CEO of the Beijing-based Zhongkun Group, reportedly reached deals with four landlords to buy a 300-square-kilometer farm in the Grimsstadir a Fjollum region in the north of Iceland for 1 billion crowns ($8.8 million).
The agreement is pending approval from both governments, but Johannes Tomasson, a press secretary of the Ministry of the Interior in Reykjavik, told the Global Times that the deal is currently illegal.
CCTV - 9
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Full Video: Opening ceremony of 2011 Shenzhen Universiade
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Phone interview: Significance of Aquino´s visit
For more on the visit, we are now joined by Professor Zhang Yunling, from the Chinese Academy of Soc...
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Pakistan to cooperate with China on anti-terrorism
Pakistani President, Asif Ali Zardari, says his country will cooperate more closely with China in fi...
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Philippine President visits China
Philippine President, Benigno Aquino, is continuing his first state visit to China since taking offi...
For sixty years, the protection and preservation of Tibetan regional heritage has been at the top of the Chinese government's agenda.
For this twelfth Five-Year plan, the government has launched a 270-million US dollar project aimed at the preservation of more than 60 cultural heritage sites.
More than 4000 cultural heritage sites exist in the Tibetan Autonomous Region of China. To match that colossal number, China has already injected 220-million USD in the past 30 years to preserve the cultural relics as well as the history of the region.
CCTV's "Heart-to-Heart" Art Troupe performed at Potala Palace in Lhasa in the Tibet Autonomous Region on Wednesday. Now, let's join the more than 10,000 people who attended the show.
This performance by the "Heart-to-Heart" Art Troupe was to celebrate the 60th anniversary of the peaceful liberation of the Tibet Autonomous Region, showing the great changes and development that has occurred there.
The number of participating performers and audience members was the most ever since the art troupe began performing there. And many of the performers are local.
See Kaixin's - China & Tibet
Exclusive interview with Benigno Aquino on China-Phi. ties
The Wall Street Journal
What Bubble? Google’s Ex-China Chief Raises $180 Million for Tech Incubator
Kai-Fu Lee, former China chief for Google Inc., raised $180 million from a group of prominent investors for his company aimed at helping Chinese tech-industry startups, a sign of continued interest in the sector despite a range of recent challenges that have pushed down share prices for Chinese Internet firms listed in the U.S.
Beijing: China’s Most Livable City?
Beijingers often complain of the city’s pollution, traffic, rising real estate prices and extreme weather. Ai Weiwei calls the metropolis a “nightmare.” But according to a new survey, Beijing is the most livable city in China.
In Africa, U.S. Watches China's Rise
Ethiopia and Zambia Are Among Fans of Continent's New Top Trade Partner; Washington Presses for Accountability
China is expanding its economic and political ties with countries across Africa, resulting in a rapid rise in influence here that has sparked concern from the U.S. government.
Kaixin Oped – Why should China be accountable to America for what it does in Africa?
America, and the ‘west’ in general, have an abysmal record in Africa.
Just ask one of the dead Libyan’s they protected.
‘Mooncake Tax’ Sours Mid-Autumn Mood in Beijing
Another Mid-Autumn Festival, another mooncake controversy.
The story harvesting hype this year: That employees gifted mooncakes by their employers, as is tradition for the holiday, will have to pay personal income tax on the baked goods — and that the value of the cakes could bump some into a higher taxable-income bracket.
See Kaixin's - The Mooncake Festival
The New York Times
Chinese Telecom Executive Sentenced to Death for Bribery
By DAVID BARBOZA
SHANGHAI — A former executive at China Mobile, one of this country’s biggest state-owned telecommunications companies, was sentenced to death with a two-year reprieve Tuesday for accepting bribes, according to Xinhua, the state-run news agency.
India Measures Itself Against a China That Doesn’t Notice
MUMBAI, India — It seems to be a national obsession in India: measuring the country’s economic development against China’s yardstick.
China Announces New Top Official for Tibet
Chinese leaders have appointed an ethnic Han official with political experience in central and eastern China, Chen Quanguo, to govern the vast region of Tibet.
See Kaixin's - China & Tibet
‘Made in China,’ but Still Profiting Americans
A new study finds that a majority of the price consumers pay for goods labeled "Made in China" goes to American businesses, not Chinese ones.
Caixin Online
Following Ji Xianlin's River West, Then East
Eastern thought offers a valuable perspective of economic and ecological issues, proving that culture ebbs and flows
This past summer holiday, I finally read a 2006 book in Chinese written by the grand, old man of Chinese cultural linguistics, Professor Ji Xianlin (1911-2009). The title of his book crystallizes his view that culture and civilization are like a river that flows east for 30 years and then west for the next 30.
See Kaixin's - Ji Xianlin "Even when I am burned down to ashes, my love for China will not change."
All the Wrong Signals for China's Fast Trains
Flawed software and lightning contributed to a crash on a high-speed railway built by contractors under pressure
Local Governments Admit Being Deep in a Hole
Ten follow-up reports to a national audit of local government borrowing point to debt risks in several regions
The island-province of Hainan in China's sun-soaked south is often compared to Hawaii for its lush beach resorts and productive pineapple farms.
Closer Look: Sweet Success in Libya, But No Access for China
The high-stakes calibration of foreign oil deals is already underway in Libya but China is once again stuck on the sidelines
The half-year Libyan civil war has finally wound down with a victory going to the opposition. But another war is only beginning – over the country's oil resources.
In Sudan, Oil Major CNPC May Be Over a Barrel
South Sudan's secession from Sudan complicated contracts and increased competition for a Chinese oil company
Ten days after officially declaring independence, the fledgling state of South Sudan successfully sold its first batch of oil.
Not Too Late for Fujian's Tulou Buildings
The 400-year-old Chengqi clan home in Fujian Province's Yongding County is known as the "king of earthen Hakka buildings." Known locally as ‘tulou,’ it received World Cultural Heritage status from the United Nation’s World Heritage Centre in 2008.
Asia Times Online
SUN WUKONG
Alive and kicking in the cadres' memorial home
By Wu Zhong, China Editor
Critics have slammed the appointment of retired cadres to help lead National People's Congress sub-committees as a step back for reform. But with deputies increasingly asserting their rights and a party jarred by trembles from the Middle East, a recent reshuffle that put more old hands into the country's most powerful institution could possibly be about exerting a stabilizing influence. Sinecures in businesses are a gray area too.
SINOGRAPH
US vapor trail leads to Jasmine revolt
By Francesco Sisci
Recent successes in the United States' strategy in the Muslim world - keeping intervention light and pushing others to take the lead - could forebode even larger plans, and an emphasis on Cold War tactics to destabilize countries. Iran could be next in the chain, and the logical step to re-establish global authority would be action to stir change in China.
Taiwan sets sights beyond US weapons
By Jens Kastner
Taiwan's high-profile bid for 66 United States F-16C/D jet fighters crucial for its aging air force has all but been shot down, forcing leaders to rethink plans for the defense of the island against China. One suggestion gaining traction is for the navy to play a bigger role by reinventing itself as a sea-denial force.
Anti-China protesters get the message
By M Goonan
Anti-China protesters in Hanoi have finally given up the goose after government warnings that their 11-week peaceful pressure over their northern neighbor's stance on the South China Sea will no longer be tolerated. Hanoi maintains "hostile forces" hijacked patriotic demonstrations, while the United States is demanding the release of detainees.
China's second coming in Libya
By Jian Junbo 
China evacuated 35,000 of its nationals from Libya when civil war broke out in February. While rebels and observers think opposition to Western air strikes in support of victorious rebels has priced Beijing and its companies out of the market for reconstruction, the rules of the "big power" game and China's existing experience in building essential Libyan infrastructure work in its favor. In post-Muammar Gaddafi Libya, China can reveal its intent to be a "responsible player".
Aquino focuses on China trade
By Olivia Chung
Philippine President Benigno Aquino, accompanied by 300 business folk and a clutch of cabinet ministers, starts a five-day state visit to China determined that recent disputes over islands in the South China Sea will not derail proposed trade deals - and a US$60 billion trade pact.
THE ROVING EYE
An extreme traveler, Pepe's nose for news has taken him to all parts of the Pepe Escobar globe. He was in Afghanistan and interviewed the military leader of the anti-Taliban Northern Alliance, Ahmad Shah Masoud, a couple of weeks before his assassination
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