Archive for July, 2012
Just links today, on the road:
Jiang Zemin wrote a preface for the Concise History of China, get lots of media coverage. What signals is he sending, beyond "I am still active"?
- China’s First-Time Home Buyers Catch a Break – WSJ.com
SHANGHAI—China’s banking regulator has pledged credit support for the construction of small- and medium-sized homes and loans for first-time home buyers, in another sign of selective government help for the ailing real estate market.
- 人民日报-中国经济仍在适度增长空间 ――上半年经济形势述评（上）
Long page 2 article in today’s people’s daily about how the economy is still ok
- Professor shown to be a fraud |Hot Issues |chinadaily.com.cn
A man assumed the academic identity of a Yale University assistant professor who has the samename as him for several months.
Lu Jun joined Beijing University of Chemical Technology as a professor in November. Hisresume listed seven articles published by top English-language academic journals, includingNature, Development Cell and Proceedings of the National Academy of Sciences.
- China promotes 6 officers to general – Xinhua | English.news.cn
President and CMC Chairman Hu Jintao presented the officers with certificates of command at a promotion ceremony. An order for the promotions was announced by CMC Vice Chairman Xi Jinping.
The senior officers include deputy chief of the People’s Liberation Army (PLA) General Political Department Du Jincai, political commissar of the PLA National Defense University Liu Yazhou, political commissar of the Jinan Military Area Command Du Hengyan, political commissar of the Chengdu Military Area Command Tian Xiusi, commander of the armed police force Wang Jianping, and political commissar of the armed police force Xu Yaoyuan.
- Siris, Guerrilla Capital Settle SEC Suit Over China Firm – Bloomberg
Peter Siris belongs in jail, instead gets slap on wrist from sec
- SEC Charges N.Y.-Based Fund Manager and Others With Securities Law Violations Related to Chinese Reverse Merger Company
Washington, D.C., July 30, 2012 – The Securities and Exchange Commission today charged New York-based investment manager Peter Siris and two of his firms with a host of securities law violations mostly related to his activities with a Chinese reverse merger company, China Yingxia International Inc.
The SEC alleges that Siris, an active investor in Chinese companies and former newspaper money columnist, misled investors in his two hedge funds through which he invested $1.5 million in China Yingxia. Siris understated his involvement with the company particularly after it went out of business, and used his insider status to make illegal trades based on nonpublic information as he received it. In an attempt to circumvent the registration provisions of the securities laws, Siris also received shares from the China Yingxia CEO’s father and improperly sold them without any registration statement in effect. Siris further engaged in insider trading ahead of 10 confidentially solicited offerings for other Chinese issuers.
- New low for Politico – Salon.com
The gossip rag devotes substantial space to publishing a sleazy McCarthyite screed by Newt Gingrich
- China Busts Huge Porn Site, Thousands Arrested
Police are reportedly especially concerned about the number of minors accessing the site — called “MM Apartments” — regularly. In fact, it only came to the attention of authorities after a Beijing mother who noticed her son’s high school grades sliding did a little snooping and discovered he was spending time looking at porn. The Beijing police set up a special unit to investigate, but the case eventually required the cooperation of police from more than thirty different localities.
The site was hosted in the United States, but its operators and viewers were both primarily domestic, police found. It changed URLs frequently to avoid police detection, and had been in operation since 2009. It apparently was arranged like a bulletin board, and had accrued over 8 million posts. Police ultimately downloaded more than 1 TB of pornographic material from the site, and discovered that some of its operators were underage, including a few under the age of 14. The site also encouraged minors to help participate in content sharing, as members needed to either pay (which most students couldn’t do) or make posts of their own.
- 明鏡新聞網: 中紀委二把手何勇另外兩個接班人選浮出水面
- The Devastating Beijing Floods Reveal A Tale Of Two Urban Chinas – Business Insider
Despite talk of over-investment in infrastructure and China’s propensity to build "bridges to nowhere" it is evident that Chinese aboveground infrastructure has benefited at the cost of underground infrastructure, namely drainage, subway and social housing, according to Bank of America’s Ting Lu.
Lu writes that there is a huge disparity between "profitable and visible infrastructures" (aboveground infrastructure) and infrastructure which is "good for social welfare and long-term economic health" but less profitable in the short-term (underground infrastructure).
- How does China’s Monetary Policy Committee influence monetary policies? – A brief history (1) | Institute for New Economic Thinking
Nowadays we see overwhelming comments on China’s monetary policy in the local press every day. These comments could be from the government officials, college professors or research analysts, but one specific group of people have been paid particular attentions to – the monetary policy committee members of the People’s Bank of China. Inspired by similar studies focused on the Fed’s Open Market Committee, we try to analyze the public remarks of the monetary policy committee members to gain some insights. This series of articles will briefly go through the structure and history of the Monetary Policy Committee of the People’s Bank of China and we will analyze the function of this committee as well as each member’s policy stance and the impact.
- What’s Cooking With China’s Inflation? – China Real Time Report – WSJ
Inflation was supposed to be off the radar screen of China’s policy makers after the consumer price index fell to a mild 2.2% in June from a peak of 6.5% in July 2011. But they have recently turned the heat on cooking-oil producers, telling them not to raise prices – unless they really have to.
- Qidong Protest Prompts Anti-Japan Sentiment – China Real Time Report – WSJ
Protests in the eastern Chinese city of Qidong ended with victory for opponents of a government-run pipeline project that they claimed would increase pollution in local waters . But it also appears to have exacerbated anti-Japanese sentiment both locally and on the Chinese Internet.
- China Thermal Coal at Lowest Price Since 2009; Demand Drops – Bloomberg
China’s benchmark price for power- station coal fell for a 12th week to the lowest level since 2009 as electricity demand slowed and hydropower output increased.
- China Increases Railway Spending Plan for Second Time – Bloomberg
China announced a jump in planned railway spending and the State Council called for private investment in utilities and health care as Premier Wen Jiabao tries to reverse an economic slowdown.
The Ministry of Railways, the nation’s largest corporate debt issuer, plans to spend 470 billion yuan ($74 billion) on railroads and bridges this year, according to a bond prospectus issued yesterday. That’s the second increase in July, making a combined gain of about 14 percent from the previous figure.
- China Rongsheng Plunges 17.14Pct on SEC Allegation-Caijing
The SEC alleged Rongsheng was engaged in trading of shares of Nexen Inc.on the NYSE, while in possession of nonpublic information related to its proposed $15.1 billion acquisition by CNOOC
- China Local Province Sold its Own Bonds for the First Time-Caijing
The eastern province of Zhejiang is planning to issue 10.4 billion yuan of its own bonds, the first among Chinese local governments in a trial program launched last year.
- China’s CPI Growth to Drop further; More Loose Monetary Policies Expected-Caijing
The chance for a third time interest rate cut is still open despite that the People’s Bank of China had cut the interest rate twice this year to bolster an economy that’s widely expected to cool down
- Ye Shiwen’s world record Olympic swim ‘disturbing’, says top US coach | Sport | guardian.co.uk
Chinese 16-year-old who swam faster than Ryan Lochte compared to East Germans
• John Leonard says gold medal time was ‘not believable to many people’
- Troop deployment row halts China-N. Korean island project – AJW by The Asahi Shimbun
SHENYANG, China—A much-hyped plan by China and North Korea to jointly develop two small islands in the Yalu river has been quietly put on hold because of disagreements about troop deployments.
China was to have constructed an industrial complex on Hwanggumpyong and Wihwa islands but the project, which began last year, fell apart because China would not consent to allowing North Korean troops on the two islands.
- US should not cross the line to intervene in maritime disputes – People’s Daily Online
- Former NSA Official Disputes Claims by NSA Chief | Threat Level | Wired.com
LAS VEGAS — A former NSA official has accused the NSA’s director of deception during a speech he gave at the DefCon hacker conference on Friday when he asserted that the agency does not collect files on Americans.
William Binney, a former technical director at the NSA, said during a panel discussion that NSA Director Gen. Keith Alexander was playing a “word game” and that the NSA was indeed collecting e-mails, Twitter writings, internet searches and other data belonging to Americans and indexing it.
- Apple adopts ridiculous repair policy for iPads – People’s Daily Online
Apple Inc. has recently revised or deleted its unfairmaintenance terms for iPhones sold in China afterbeing criticized by the China Consumers’ Associationand its local associations in Tianjin, Beijing, Shanghai,Chongqing, Jiangsu, and Shandong. However, someconsumers have complained that there are also someridiculous hidden rules regarding the repair of iPads.For example, Apple will refuse to repair an iPad for freeif it has a scratch longer than 4 millimeters.
- Hong Kong: Tens of Thousands Rally Against National Education · Global Voices
The new “red” elementary school curriculum controversy continues to ferment in the past week and parent groups have joined in with the concerned student and teacher groups to stop the government from introducing the curriculum in this September.
Yesterday on July 29, 2012, tens of thousand Hong Kong people took to the streets to protest against the brainwashing nature of the curriculum. Despite warnings of extremely hot weather, many parents brought their babies along. Below is a selection of yesterday’s rally photos, all with permission to use
- The Chinese Are Making An Offer For North Sea Oil That Britain Cannot Refuse – Business Insider
money is not the only consideration in purchases of this kind, which will have to be signed off by the UK Government, among other authorities around the world. Eyebrows inevitably raise at the political niceties of having North Sea energy reserves in the hands of Beijing.
Consultancy Wood Mackenzie calculates that together the two Chinese firms will directly own 13pc of all UK oil production if both deals go through.
作者：史海威 来源：学习时报 字数：1660
- China Rongsheng Declines to Lowest Level on Record – Bloomberg
China Rongsheng Heavy Industries Group Holdings Ltd. (1101) plunged to its lowest level since 2010 in Hong Kong trading after the U.S. Securities and Exchange Commission filed a complaint accusing a company owned by Chairman Zhang Zhi Rong of insider trading.
The nations largest private shipbuilder tumbled 16 percent to close at HK$1.17, the lowest level since it was listed in November 2010. The stock has fallen 45 percent this year, compared with a 6.2 percent rise in the Hang Seng Index.
- Africa’s Top Media Company Looks Beyond Tencent, Mail.ru – Bloomberg
As Africas largest media company, with 5.6 million pay-TV subscribers today and a potential market of hundreds of millions more, Naspers Ltd. (NPN) would appear to have almost limitless room for growth. Investors, though, seem to place little value on the South African companys primary publishing and broadcasting business.
Investments in Tencent Holdings Ltd. (700), Chinas biggest Internet company, and Mail.ru (MAIL), the largest Russian-language Internet firm and a 1.5 percent owner of Facebook Inc. (FB), account for almost 90 percent of Naspers $23 billion market value.
- "China’s Reliable Rise" by Heleen Mees | Project Syndicate
CommentsSkepticism about official Chinese data may help the West to assuage its unease about Chinas rise, but it eventually will have to come to grips with economic reality. Chinas official numbers may bend the truth, but they dont lie.
- In Chinese Politics, a Fall—and a Rise – WSJ.com
if only 7 in 18th pbsc i doubt wang yang gets on. and surprised this article makes no mention of the massive ongoing corruption crackdown in guangdong
- UC Berkeley to offer Three Kingdoms course with online gaming｜Culture｜News｜WantChinaTimes.com
The University of California, Berkeley will open in fall semester an elective course on exploring Chinese history and culture through playing the Chinese online game Legends of the Three Kingdoms, reports Guangzhou’s Southern Metropolis Daily.
- Use of mobile phone wiretapping software common in China｜Society｜News｜WantChinaTimes.com
Wiretapping mobile phone conversations using commonly available software is widespread in China and enjoys a considerable market, the state-run China News Service reported on its website.
X-Turncoat, an eavesdropping application banned by the authorities in 2006, had been installed on at least 1 million mobile phones in the last six years, reported CNS.
- China-US Relations in China’s Overall Diplomacy in the New Era
Cui Tiankai,Pang Hanzhao
China-US bilateral relations take a special and important position in China’s overall diplomacy. To maintain and promote a healthy and steady development of China-US relations is a priority in China’s foreign policy.
- China company official jailed for leaking data: report | Reuters
China has sentenced a company official to five and a half years in jail for leaking economic data, the Beijing News reported on Friday, the latest move in a crackdown on the unauthorized release of market-moving numbers.
Beijing’s first intermediate people’s court had charged Wu Zhiwen, former general manager of Beijing-based Jinmailong Asset Management Co., for "illegally obtaining state secrets", the state-run newspaper said.
- Special Report: In Himalayan arms race, China one-ups India | Reuters
Asia’s two great powers are facing off here in the eastern Himalayan mountains. China has vastly improved roads and is building or extending airports on its side of the border in Tibet. It has placed nuclear-capable intermediate missiles in the area and deployed around 300,000 troops across the Tibetan plateau, according to a 2010 Pentagon report.
India is in the midst of a 10-year plan to scale up its side. In the state of Arunachal Pradesh, new infantry patrols started on the frontier in May, as part of a surge to add some 60,000 men to the 120,000 already in the region. It has stationed two Sukhoi 30 fighter squadrons and will deploy the Brahmos cruise missile.
- People attend funeral of Li Fanghong in Beijing’s Fangshan District – Xinhua | English.news.cn
People attend the funeral of Li Fanghong, a police inspector who lost his life while trying to rescue villagers trapped by floodwaters, at the Babaoshan Revolutionary Cemetery in Beijing, capital of China, July 29, 2012. Li, 45, was electrocuted by a live wire that had fallen into the water after rescuing 63 people in the village of Fenghuangting in the suburban Fangshan District on July 21, when the heaviest rain in six decades battered the capital city
- China’s biggest freshwater lake exceeds warning level – Xinhua | English.news.cn
Part of Poyang Lake, China’s largest freshwater lake, has seen its water level exceed the warning level, as flooding on the upper and middle reaches of the Yangtze River has been pushing up the water level of the lake.
The water level at the lake’s Huxingzi Station in Jiangxi province had risen to 19.01 meters as of 8 a.m. Sunday, marking the highest level in the past two years and measuring 0.01 meter above the warning level, said Tan Guoliang, head of the provincial hydrographic bureau.
- Greyjing? Air pollution fouls Beijing’s name | Reuters
With its parks, centuries-old palaces, history and culture, Beijing should be one of the more pleasant capitals of the world. Instead, it’s considered among the worst to live in because of chronic air pollution.
Lung cancer rates are rising among the 20 million residents of China’s capital, health officials say. For many multinational companies, Beijing is considered a hardship posting and, despite the extra allowances that classification brings, some executives are leaving.
- 抢注“国酒茅台”商标 贵州茅台再惹争议|贵州茅台|国酒茅台|商标初审通过_21世纪网
more potential trouble for saif and andy yan over the nvc lighting deal. allegations of undisclosed related party transactions
- Used Lamborghinis Linger on H.K. Lots Amid China Lull – Bloomberg
Waiting lists for ultra-luxury cars in Hong Kong are getting shorter and used-car lots are cutting prices on Lamborghinis, Ferraris and Bentleys in the latest sign of China’s slowdown.
At first glance, the numbers are deceiving: Sales of very expensive new autos surged 47 percent in the first six months, according to industry analyst IHS Automotive. Look more deeply, however, and another picture emerges, especially in the city’s used-car lots.
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