Friday, 22 May 2009
Few students had to puzzle over the meaning. Youth Day, on May 4, commemorates a 1919 student protest against foreign imperialism and China’s weakness in resisting it. Seventy years later, in 1989, students from Peking University were again massing in the center of Beijing, demanding democracy. The student movement shook the ruling Communist Party to its core and ended with a military crackdown and hundreds of deaths.
There is a growing interest among investors in Singapore in Contracts for Difference (CFDs).
Du Daozheng, 85, helped preserve Zhao's memoirs.
In his memoir, Zhao confesses that political reform had not occurred to him during his political career, but after years of contemplation, he believed that only parliamentary democracy could help China develop a healthy and modern market economy.
95 China-based firms’ combined net profits slump 52%; analysts wary of more weakness
Billionaire Li Ka-shing, who warned of a bubble in China’s stock market months before it plunged, said Hong Kong investors should be cautious about buying shares after the benchmark index surged 52 percent since early March. The comments from Hong Kong’s richest man yesterday follow his March 26 statement that investors with cash should consider buying equities and real estate. The Hang Seng Index has surged 22 percent since then.
Thursday, 21 May 2009
“I almost see (the low volume) as a positive because it shows there’s not overwhelming optimism in the market. That means its’ not being overdone,” says Schaeffer’s Sparks. “Not everyone is buying in yet and not everyone is on the bandwagon That’s part of the reason why (the rally is) so sustainable.”
Foreign investors deem the price to earnings ratio amongst companies listed on the Shanghai exchange too high.
Leaders in both Washington and Beijing have been fretting openly about the mutual dependence — some would say codependence — created by China’s vast holdings of United States bonds. But beyond the talk, the relationship is already changing with surprising speed.
Wednesday, 20 May 2009
Mr. Lee Bock Guan, chairman of the Singapore Buddhist Lodge, a temple in Kim Yam Road, showing the monthly donations received from an anonymous donor. The money is usually dropped off in the temple kitchen, which dishes up over 1,000 free meals daily.
Blogger.com, Google’s free blog service, has been blocked by mainland authorities since late last week and thousands of users have complained.
Casino regulators in the US state of New Jersey have ruled Pansy Ho Chiu-king an “unsuitable” partner in MGM Grand Paradise, her US$1.25 billion Macau joint venture with MGM, following a four-year investigation.
Tuesday, 19 May 2009
Monday, 18 May 2009
US President Barack Obama’s choice for ambassador to China seems a natural fit for the job - he speaks fluent Putonghua, has adopted a child from China and has served as an ambassador in Asia.
It’s a mistake for America to look China in the eye and only see an enemy. Sure, to characterise that two-way relationship as a blissful friendship would be to transform a willing suspension of disbelief into absurdity. But deep mutual interests can bring two otherwise antagonistic national powers close together in ways that make professions of sincere friendship unnecessary and even redundant. Especially among nation-states, an alliance of mutual interests is generally the best possible bedrock for a relationship. Mutual needs that persist for the foreseeable future trump hot love that lasts only a fortnight.