- Xinhua’s 80-year journey to global stage-Xinhua Editorial– On Sept. 1, 1944, a radio signal was detected and captured on the western coast of the United States. Datelined “Yan’an, Xinhua,” it travelled more than 12,000 km from a small cave in west China.The message was soon handed to senior officials in Washington, who learned the latest happenings in the war against Japan in China and changed their views on the situation.By sending its first long-distance English-language radio signal, the Xinhua News Agency successfully made its overseas debut and started to communicate with the outside world.
- Xinhua-China to reduce scale of military logistics, improve efficiency – could hurt lots of people’s profits
- Xinhua-Senior Chinese leader calls for improved social management of prisoners, drug addicts, HIV carriers –
- 上市房企总负债超万亿 部分企业降房价回笼资金_新闻_腾讯网 – listed real estate firms have 1 Trillion RMB in debts?
- 中国将组千人部队护航湄公河 已购5艘商船改造_新闻_腾讯网 –
- 媒体调查指“新拆迁条例”未能遏止暴力强拆_新闻_腾讯网 –
- Who Killed China’s Electric Car? – Damien Ma – Business – The Atlantic –
- China Takes Advantage Of September Price Drop; Imports Record Amount Of Gold | ZeroHedge –
- Hu Said What When? Confusion Over What China’s President Said at the G20 Meetings in Cannes – China Real Time Report – WSJ– “To keep asking emerging markets to revalue their currencies and reduce exports will not lead to balanced growth. On the contrary, it would only plunge the global economy into a ‘balanced recession’ and make sustainable growth impossible.”It was some of the strongest language yet from the Chinese side rejecting yuan appreciation pressure.But that passage was omitted entirely from the Chinese transcript. The upshot was that foreign media reported a tough stance by Hu on the yuan, while official Chinese media reported a much milder speech.
The following day, after all the stories were issued, the Chinese delegation belatedly asked reporters to use the Chinese-language version, without explaining why.
- Corner Cutting Exposed in Jilin Railway Bridge Project – chinaSMACK –
- 公安局长蒙冤5年 检察官涉嫌伪造吴邦国批示_新闻_腾讯网 – 核心提示：“公安局局长李国和等3人滥用职权、玩忽职守案”曾入选海南省人民检察院公布的“2006年海南省十大渎职案件”。5年后，经海南省高级人民法院再审，最终证明是一起冤案。从一起命案开始，引发了警察枪击案、公安局局长等3人玩忽职守案、一人妨害作证案等一系列案件，背后则是个别司法人员谎称有吴邦国委员长批示、办案程序违法等诸多问题。随着时间的推移，更多荒诞事件正逐一显露。
- China Swaps Drop Most Since ‘08 – Bloomberg – The cost of locking in China’s interest rates for two years is falling at the fastest pace since 2008 as cash injections by the central bank add to signs monetary policy is being relaxed to support economic growth.
- 10 Chinese Internet Companies Have Made Confidential Filings for US IPO, Says VC Hurst Lin | iChinaStock –
- Huawei Confirms MTN Irancell Sales, Denies Gear is Used for Censorship – Bloomberg – Huawei Technologies Co. confirmed it sold telecom equipment and a “mobile news delivery platform” to MTN Irancell Telecommunications Services Co., Iran’s second- largest mobile provider, while denying the gear is used for censorship.
Huawei, China’s largest maker of phone network equipment, doesn’t provide “any services relating to monitoring or filtering technologies and equipment anywhere in the world,” the Shenzhen, China-based company said in a e-mailed statement today.
- Goldman Sachs Advises Buying Chinese Equities on Economic ‘Reacceleration’ – Bloomberg – Goldman Sachs Group Inc. advised buying Chinese stocks as the nation’s economy will grow “close to trend” in the coming quarters, spurred by easing credit and government measures to help small companies.
“We are recommending a long position in Chinese equities,” Goldman Sachs strategists said in a note to clients. “The market may be poised to continue to shift from the pricing in of hard-landing scenarios to the pricing in of some policy- driven relief and reacceleration.”
Goldman Sachs favors shares in the Hang Seng China Enterprises Index because of their underperformance relative to the Standard & Poor’s 500 Index.
- U.S. Hangs Back as Inspectors Prepare Report on Iran’s Nuclear Program – NYTimes.com– The final touches are still being put on the report and its critical annex, where some of the investigative details will be laid out, which may be released as early as Wednesday. But already Russia and China have sent a diplomatic protest to Mr. Amano, urging him to not to make details of the evidence public.“Russia and China are of the opinion that such kind of report will only drive Iran into a corner,” they wrote in the note, which was obtained by The New York Times and is a rare instance of those countries commenting jointly.
- Dalai Lama blames Tibetan burnings on “cultural genocide” – Yahoo! News – TOKYO (Reuters) – The desperate conditions Tibetans face under Beijing’s rigid controls in what amounted to “cultural genocide” are behind the spate of self-immolations in southwest China, Tibet’s exiled spiritual leader the Dalai Lama said on Monday.
At least 11 Tibetans have set themselves ablaze this year in a heavily Tibetan part of China’s Sichuan province that has become a focus of defiance against Beijing rule.
“Including many Chinese from mainland China who visit Tibet, they all have the impression things are terrible … Some kind of culture genocide is taking place,” the Dalai Lama told a news conference in Tokyo.
- China Frauds May Fit Panics, Crashes Model, Societe Generale’s Grice Says – Bloomberg – Growing evidence of corporate fraud and corruption on infrastructure projects signals that a crisis is looming in China, if history is any guide, according to Dylan Grice, a global strategist at Societe Generale SA.
China is displaying all the signs of the typical financial crisis laid out in economist Charles Kindleberger’s history of manias, panics and crashes, London-based Grice said in a research note dated Nov. 4.
Recent developments in China have been in line with Kindleberger’s five-stage model of a financial crisis, based on the work of Hyman Minsky, Grice said. Those include revelations of fraud, “aggressive and sudden credit expansion,” and “the pervasive feeling that ‘China is different,’” he said.
- Senior official urges Xinhua to improve global communication capacity– BEIJING, Nov. 7 (Xinhua) — Senior Chinese official Li Changchun on Monday urged the country’s state-run Xinhua News Agency to improve its capacity for international communication.Li, a member of the Standing Committee of the Political Bureau of Communist Party of China (CPC) Central Committee, made the remark at a ceremony commemorating the agency’s 80th founding anniversary.”Xinhua must carry out a transformation from a traditional press institution to a modernized, multimedia agency in order to better compete with global news agencies,” said Li.
- Report:China’s Top Daily-Deal Website May Abandon Groupon Model | iChinaStock – if true, how can SEC approve Lashou $laso IPO?
- How Burma can show it’s really changed – The Washington Post – The new Burma regime is, perhaps, not responsible for the crimes of May 2009. But one would think that a “completely different tone for governance” will include freedom for the dictatorship’s most damaged victims, and an end to its most appalling crimes.
- Fake ‘zombie accounts’ flood Chinese microblogs｜Society｜News｜WantChinaTimes.com– The market for creating fake microbloggers has flourished in China, becoming a far-reaching industry that provides profitable opportunities for those looking to sell “zombie accounts,” according to a report in the Southern Metropolis Weekly.Chen Chuanliang, founder of social networking data mining company joyrec, found that among the followers of 10 celebrity microblogs on Sina and Tencent, 17% and 56%, respectively, are “zombie users” who have been inactive for long periods of time and are registered under the same IP address as several other accounts.Chen’s found that 1 million of the over 5 million followers of Lee Kai-fu, the former president of Google China who now heads venture capital fund Innovation Works, were zombie accounts.
- 上海楼市“房闹”现象渐多 政府称属市场行为不干涉 – 房产·汽车 – 21世纪网 – 舆论也没有支持老业主，许多网友指责他们“阻碍房价下跌”，法律人士认为，此种维权缺少法律依据。
- 俏江南等餐饮企业因不开发票致上市计划搁浅 – 消费·传媒 – 21世纪网 –
- Thousands Chip In to Help Dissident Artist Pay Fine – NYTimes.com – In the days since the Chinese government delivered a punitive $2.4 million tax bill to the artist Ai Weiwei, thousands of people have responded by contributing money in a gesture that is at once benevolent and subversive.
- IPI Blog: Chinese Media Reciprocity Act Introduced before United States Congress – TrustMedia– Reciprocation. The word means “a mutual giving and receiving” as defined by Dictionary.com.It is also the word that best defines the sentiment behind a recent bill introduced into the U.S. House of Representatives on September 11.The Chinese Media Reciprocity Act of 2011 (H.R. 2899), introduced by U.S. Congressman Dana Rohrabacher of California, is intended to “amend the Immigration and Nationality Act to ensure open and free journalism access in the People’s Republic of China by establishing a reciprocal relationship between the number of visas issued to state-controlled media workers in China and in the United States.”
At issue is the fact that there are reportedly about 650 Chinese citizens practicing journalism in the United States, whereas there are only two American journalists who work for outlets run by the Broadcasting Board of Governors (BBG) and allowed to work from mainland China.
“There is a very alarming disparity between the number of Chinese state media workers who we grant visas to and the number of visas the Chinese grant to their American counterparts,” Rohrabacher said in a press release from his office.
- China VC Investments Hit Record-High in Q3, Despite A Freeze in US IPOs | iChinaStock –
- 《杨澜访谈录》专访曹国伟：微博媒体属性更强_互联网_科技时代_新浪网 – Yang Lan interviews Sina CEO Charles Chao
- Sina Weibo Has Shut Down Tens of Millions of Zombie Accounts | iChinaStock – real name registration would be good for the industry
- 北京市二环内二手房直降4.7% 降价从外向内蔓延_中国经济网――国家经济门户 –
- 北京二手房交易量创34个月新低 中介隐现关店潮_中国经济网――国家经济门户 –
- Me and Mao’s girl | The Spectator – An encounter with one of the Chairman’s underage lovers
- An Important Hitch in China’s Urban GDP Numbers – China Real Time Report – WSJ– The difficulties with the data can be overcome. Data on districts – the administrative level below cities – is also available. By excluding the rural districts, the data can be used to provide a more accurate picture of the size and wealth levels of the true urban population of China’s cities.A deep dive into the district numbers yields some surprising insights. Shenzhen, Guangzhou and Shanghai are some of the richest cities in China based on city level per-capita GDP data. But data from the Economist Intelligence Unit shows that looking at the true urban area none of them even make it into the top ten.Even the refined data needs to be treated with caution, however. Tom Miller, an expert on China’s urbanization at GaveKal Dragonomics, notes that a major natural resource or state owned enterprise located in a city can drive up GDP per capita without necessarily enriching the population. That’s the case with China’s richest city – Karamay in north western Xinjiang – which is a major oil production center.
- China’s Air Force to purge fake military tags|Society|chinadaily.com.cn –
- 高尔夫-泛高尔夫网-最佳高尔夫垂直门户 – China’s top golf site funfungolf.com
- Disrupt Beijing Take-Aways: How China Moves Beyond the Clones | TechCrunch –
- China and US in standoff over auditors – FT.com – Chinese audit firms could be barred from vetting the accounts of US-listed companies because of a regulatory stand-off that has the potential to cause a significant trade dispute.
The US’s chief audit regulator has admitted that a mass exclusion of Chinese audit firms might be necessary, even though such a move could have a damaging knock-on effect for US multinationals active in China, such as General Motors.
- The nuclear option and the PCAOB | China Accounting Blog | Paul Gillis– Adam Jones of Financial Times has an interesting article out today reporting on his interview with James Doty, chairman of the PCAOB. Doty is quoted as saying: “In my view it is not tenable to continue to indefinitely allow Chinese firms to remain registered with the PCAOB if the PCAOB cannot inspect their US-related audit work.”Doty has hinted at this before, but this is a clear statement that he believes the PCAOB may be forced to terminate the registrations of Chinese accounting firms should the PCAOB fail in its negotiations with China for access to inspect Chinese CPA firms.The impact of such a decision would be severe. Mostly affected would be the Big Four’s China affiliates, who audit most of the U.S. listed Chinese companies. All of these companies, from PetroChina to Baidu, would be suddenly without auditors
- Excerpt from ‘Leave Me Alone – A Novel of Chengdu’ – NYTimes.com –
- Murong Xuecun’s Acceptance Speech for the 2010 People’s Literature Prize – NYTimes.com –
- Ai Weiwei’s tax evasion case takes a new twist-Global Times– Ai said he would repay everyone several times the amount borrowed after he won the case. He claimed that more than 10,000 people quickly responded. This event has been interpreted by some foreign media as the Chinese people donating to Ai’s cause. The action has also been regarded as a special protest by the artist.Some experts have pointed out this could be an example of illegal fund-raising. Since he’s borrowing from the public, it at least looks like illegal fund-raising. Meanwhile, as Western media reported, Ai purchased an upscale apartment in Berlin last year, and had planned to buy a 4,800-square-meter studio this year also in Berlin. Does he need to borrow money to pay off his tax evasion? However, as we are neither legal or tax professionals, these are not the key points we have tried to make.It might be true that a few people in China would like to give him some money. Some donators said they view the donation as an act of voting. But the thing here is, Ai’s borrowing and the subsequent donations will not make any substantive change to Ai’s case. First, it will not alter the matter of Ai’s tax evasion, something his followers don’t even question. But many hold the view that tax evasion is rampant in China. This time, it is an excuse Chinese authorities have used to punish the dissident.