Friday, 29 July 2011
Thursday, 28 July 2011
The United States is cooperating with China to repatriate Chinese fugitives facing corruption charges, a senior U.S. official said on Thursday, a move that could pave the way for the return of hundreds of government officials wanted for graft.
Panasonic will sell its Sanyo Electric unit's washing machine and refrigerator operations in Japan and Southeast Asia to China's Haier Group for about 10 billion yen ($130 million), three sources familiar with the matter said on Thursday.
Stories of wasteful infrastructure projects abound across the mainland, but the anecdotes don’t prove that Beijing’s investment binge is money down the drain
Wednesday, 27 July 2011
When a high-speed train was stalled, allegedly by a bolt of lightning, common sense dictated that later trains waited. Tragedy struck when a second train rear-ended into the stalled one, derailing several carriages and killing at least 39 passengers. It could be the result of a technical glitch or human error, or a combination of both. But before the investigation report comes out, a lot of people are asking: “Why so fast?”
One of China’s official newspapers on Wednesday accused the authorities of “arrogance” in their handling of a deadly high-speed train crash, joining a rising chorus of public fury.
Tuesday, 26 July 2011
Government directives demanding journalists not question official accounts of a deadly high-speed train crash in eastern China are fuelling public anger and suspicion about conflicting details of the accident, such as the death toll.
Monday, 25 July 2011
China has at least two years to sort out its mountain of local government debt, which poses a ‘very serious’ risk for the fastest-growing economy over the longer term, People’s Bank of China adviser Zhou Qiren said.
A deadly train crash in China over the weekend has raised concerns about the safety of the country’s fast-growing rail network and threatens to undermine its plans to export high-speed train technology.
Sunday, 24 July 2011
“China, please stop your flying pace, wait for your people, wait for your soul, wait for your morality, wait for your conscience! Don’t let the train run out off track, don’t let the bridges collapse, don’t let the roads become traps, don’t let houses become ruins. Walk slowly, allowing every life to have freedom and dignity. No one should be left behind by our era.”