Thanks for reading, feel free to recommend to friends or donate on the site…
China is showing its Xenophobic side. Anti-foreigner sentiment is never far from the surface and since the beginning of the crackdown on illegal foreigners in Beijing it has emerged aggressively. Yang Rui, the smooth, urbane anchor of a CCTV 9 English talk show took to his Weibo Friday to attack foreigners. The Wall Street Journal reports that Chinese State TV Host Offers Advice on How to Throw Out ‘Foreign Trash’ . Yang posted another Weibo later in which he asks why the Wall Street Journal would care about his comments and attempts to undo some of the damage by explaining that his attack was only directed at bad foreigners and that in fact there are good ones too. With people like this as the face of the soft power push…
Baidu and Sina are also joining in the anti-foreigner fun. People’s Daily Online tells us that a new Weibo campaign targets misbehaving foreigners. I hope the Department of Homeland Security is not reading this and getting any ideas. Can you imagine if Google and Twitter, as part of a US government campaign, worked together to go after “misbehaving” foreigners? Instead of “see something, say something” perhaps the slogan would be “see a naughty foreigner, report a naughty foreigner”?
On the eve of Facebook’s monster IPO the New Yorker’s Evan Osnos wrote the very thoughtful In China, Facebook’s Shadow and Worries About Innovation. He concludes with a poignant quote from banker Wang Ran’s blog. Wang Ran, who has profited handsomely from the explosive growth of the Chinese Internet, is not just a financier but also an online celebrity with 1.7 million Sina Weibo followers. Wang writes:
“The company listed four countries that have already banned Facebook’s services,” Wang wrote. “They are China, Iran, North Korea and Syria. I don’t know what you think about that, but I’m beginning to think this state of affairs is insulting.”
Kara Swisher broke the news that Yahoo may be on the verge of selling almost half of its 40% Alibaba stake at a $35B valuation or so. Yahoo has given up on its obvious tax dodge structure and will take the IRS hit on the deal. I own shares of Yahoo and think that the company is crazy to sell any shares of Alibaba at lower than a $60B valuation. The Alibaba Group may one day be worth as much or more than Facebook, and Yahoo has no other current business prospects that have such potential to generate so many additional billions of dollars in value to shareholders.
After spending 35 minutes on the phone with Andy Browne, Wall Street Journal China head, and exchanging emails with Jeremy Page, I have issued several clarifications to the post Did Rupert Murdoch Crash The Wall Street Journal’s Bo Guagua Ferrari Story?.
The US Department of Defense has issued its annual report (PDF) on China’s military capabilities and the Pentagon Study Says China Military is Getting Stronger. Wired tell us that according to the report China’s Stealth Jets Are 2 Years Ahead of Schedule.
Thanks for reading, and remember the best way to see this daily post is to subscribe by email, especially if you are in China, as Sinocism is still blocked here.
- China on high alert over Huangyan Island: spokesman|Politics|chinadaily.com.cn
- China refutes India’s border accusation|Politics|chinadaily.com.cn
- Defense.gov News Transcript: Press Briefing on 2012 DOD Report to Congress on “Military and Security Developments Involving the People’s Republic of China”
- Pentagon Study Says China Military Getting Stronger – NYTimes.com
China is pressing a long-range modernization of its military, part of a strategy aimed at maximizing its leverage over Taiwan, extending its influence farther abroad, but avoiding conflict around its borders or with the United States, the Pentagon said on Friday in an annual report to Congress.
- Security chief Zhou in police pep talk| SCMP.com
Security tsar Zhou Yongkang made another high-profile public appearance yesterday – this time with President Hu Jintao
- Chinese desert Hong Kong art market – FT.com
Sotheby’s has reported a sharp drop in mainland Chinese participation in its Hong Kong sales just as the auction house opens a new gallery in the city, paying some of the highest commercial rent in the world.
- Surprise! China’s Stealth Jets Are 2 Years Ahead of Schedule | Danger Room | Wired.com
Last year, former Defense Secretary Robert Gates was greeted in Beijing by China’s experimental stealth jet buzzing over his head. Gates didn’t sweat it: He proclaimed that the J-20 wouldn’t be ready until at least 2020. Oops.The Pentagon’s top China official has now revised that estimate. The J-20, China’s first stealth jet, will be operationally ready “no sooner than 2018,” David Helvey, deputy secretary of defense for East Asia and Asia Pacific Security Affairs, told reporters Friday.The new anticipated timetable for the J-20 hardly augurs the end of American military dominance. But it wasn’t the only Chinese military development that took the Pentagon by surprise last year.According to the Pentagon’s new report (.pdf) on the Chinese military, China’s got three nuclear-powered submarines — an advance that Helvey conceded the U.S. military didn’t anticipate
- FT Alphaville » Is the Lafite bubble about to pop?
Wine is not something FT Alphaville often writes about but we all need a break from the euro crisis, and this chart caught our attention. It’s the Liv-ex Fine Wine 50 index, which tracks the daily price movements of the most heavily traded commodities in the fine wine market – Bordeaux first growths. It has fallen off a cliff in the past few months.
- Drone filmmaker denied visa – Glenn Greenwald – Salon.com
A Pakistani student is unable to accept his film festival award because he is denied the right to enter the U.S.
- New Home Prices in 43 of 70 Chinese Cities Fell in April-Caijing
- SASAC: Profits From Central Government-Owned Companies Down 13.2Pct in Jan-April-Caijing
- Chinese State TV Host Offers Advice on How to Throw Out ‘Foreign Trash’ – China Real Time Report – WSJ
With a surge of anti-foreigner bile rising in Beijing, one might expect a prominent Chinese TV personality whose job it is to interview foreigners to weigh in with a few calming words.One would be dead wrong.In a rather perplexing move this week, Chinese Central Television host Yang Rui added a dose of poison to an already vitriolic debate about the behavior of foreigners in the Chinese capital by posting a message online in which he accused foreign spies in the city of pursuing Chinese women to cover up their activities, blamed Western residents for encouraging Chinese people to move abroad and appeared to take a certain vulgar delight in the recent expulsion of al-Jazeera correspondent Melissa Chan.
- DOD Annual Report to Congress: Military and Security Developments Involving The People’s Republic of China-PDF
- Japan, China’s Maritime Step | M. Taylor Fravel
Many of the most salient disputes between China and its neighbors involve maritime issues. Moreover, as demonstrated by the current standoff between Beijing and Manila over Scarborough Shoal, China is often seen as assertive and uncompromising. Nevertheless, maritime talks held with Japan this week suggest that China can be more flexible in managing its maritime disputes than most outsiders believe.
- 主持人杨锐的微博 新浪微博-随时随地分享身边的新鲜事儿
CCTV Anchor Yang Rui attacks foreigners, supports the campaign to clean up illegals
- Weibo campaign targets misbehaving foreigners – People’s Daily Online
Internet search giant Baidu and popular forum mop.com jointly launched a campaign with Sina Weibo yesterday, calling on Internet users to expose bad behavior by foreigners in China.
- In China, Facebook’s Shadow and Worries About Innovation : The New Yorker
That idea—that the political system that has nurtured China’s rise may also be limiting its next step—has not yet been thoroughly embraced. But events like Facebook’s listing make it clearer by the day. When Wang Ran, the chief executive of China eCapital, paged Facebook’s prospectus, he stumbled on a section that he had never fully apprehended until reading it in black and white. Under a discussion of risks to the business, Facebook has listed a discussion of the potential impact if a government were to block the site. “The company listed four countries that have already banned Facebook’s services,” Wang wrote. “They are China, Iran, North Korea and Syria. I don’t know what you think about that, but I’m beginning to think this state of affairs is insulting.”
- China’s most-wanted man sentenced to life in prison – Telegraph
Lai Changxing, the man once considered China’s most-wanted fugitive, was sentenced to life in prison Friday for running a large-scale smuggling operation that paid off scores of Chinese government officials.
- Goldman Sachs Cuts China Growth Forecast After Slowdown – Bloomberg
Gross domestic product will expand 7.9 percent this quarter from a year earlier, down from a prior projection of 8.5 percent, Song Yu and Michael Buchanan said in a research note today. They predicted 8.1 percent growth for the full year, compared with a previous forecast of 8.6 percent.
- Exclusive: Yahoo Finally Set to Strike Alibaba Share Deal – Kara Swisher – News – AllThingsD
stupid for yahoo to sell any shares at such a low valuation//
Yahoo will sell half of its roughly 40 percent stake in Alibaba in a taxable deal. The transaction is likely to value that portion of Yahoo’s holdings at about $7 billion — or 20 percent of Alibaba’s $35 billion enterprise valuation. Alibaba is in the midst of raising capital to fund the sale.
After taxes of upwards of 35 percent are paid on the long-term gains — remember Yahoo bought the now lucrative Alibaba stake for a fraction of that many years ago — the company will likely use the funds to buy back its own shares. That stock has been caught in the mid-teens doldrums for quite a while.
A shareholder dividend is also being considered.
- 推系列文章 党报为胡温任内政绩背书_多维新闻网
- China bars blind dissident’s family choice of lawyers | Reuters
The nephew of blind activist Chen Guangcheng has been denied his family’s choice of lawyers to defend a charge of “intentional homicide”
- Echoes of Tiananmen, on Film, Face Hurdles in China – NYTimes.com
Meanwhile, China’s younger rock scene leapfrogged into the Internet era with punk bands like Subs or Hedgehog. Mr. Cui, the onetime spokesman for disaffected youth, was seen increasingly as a figure from an earlier time. Some critics accused Mr. Cui of selling out to the government-run culture system, with appearances on state television, in a effort to reach a broader audience. But, Mr. Bai said, “a taboo around him persists.” Mr. Cui taped a performance for the CCTV Internet Spring Festival Gala this year, but the segment was never shown.
- 洪晃:“红色法拉利”的故事 – 洪晃 – 南都周刊
- Power and Profit in China’s Economic Boom – Graphic – NYTimes.com
- ‘Princelings’ in China Use Family Ties to Gain Riches – NYTimes.com
- 两名韩国男子在中国肯德基恶意殴打两名中国女子-专辑：老外在中国那些事 -热点专辑 视频分享 在线观看 视频搜索-56网视频
video of 2 korean men beating up 2 chinese women in a kfc
- Angler may have broken world record with snakehead caught in Occoquan River – The Washington Post
it weighed in at a fin under 18 pounds 4 ounces. 黑鱼
- Bad loan ratio below 1 pct for commercial banks in China – Xinhua | English.news.cn
life is nice in this parallel universe
- 誰救了陳光誠？東師古村秋後算帳 : 陽光時務
- Tsinghua University educates most billionaires in China: study｜Society｜News｜WantChinaTimes.com
Beijing’s Tsinghua University educated 84 billionaire alumni with total assets of nearly 300 billion (US$47 billion) over the past 30 years, according to school ranking site Cuaa on May 16.
- Australia will need to choose between US and China: retired PLA officer｜Politics｜News｜WantChinaTimes.com
Song Xiaojun, a retired People’s Liberation Army officer, said to the Sydney Morning Herald that Australia will have to choose a side.
“Australia has to find a godfather sooner or later,” said Song. “[It] depends on who is more powerful and based on the strategic environment.”
- Stirring up the South China Sea
This week on Sinica, as the situation in the South China Seas simmers and Chinese society turns noticeably xenophobic, we’re pleased to be joined by Stephanie Kleine-Ahlbrandt from the International Crisis Group, a non-governmental organization which has just released a fantastic report on the actors and factors in Chinese policymaking that are contributing to increased tensions in the South China Sea.
- At USA Today, Larry Kramer jumps back into fray of digital journalism – The Washington Post
One question people want to ask the journalist-turned-Web-entrepreneur Larry Kramer is: Why would he take a job as publisher and president of the troubled USA Today?
fact that Zhou Yongkang not on Heibei 18th delegate list may not be a sign of anything. TBD
- 南方周末 – 实德如何掏空大元股份
Southern Weekend looks some of at Dalian Shide’s Xu MIng activities
Digest powered by RSS DigestSinocism is a labor of love that takes tens of hours a week to curate and write. If you value it please consider contributing: