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Thursday, 30 June 2011
Ex-Taiwan President Lee indicted on graft charge
Former President Lee Teng-hui, one of the pivotal figures in Taiwan’s modern history, was indicted on graft charges Thursday, becoming the second recent leader to face such charges and prompting opposition accusations that the government was subverting the island’s still-evolving democracy.
Auditor Warning Worsens Local Government Debt Drop: China Credit
Bonds from local government-owned investment companies in China fell this month, paring returns for 2011, after a state audit warned about repayment risks.
Mining Boom Makes Truck Tires Pricier Than Porsches, Condominiums in Miami
China’s insatiable demand for commodities has prompted a tripling in the price of mining truck tires, making them more expensive than a Porsche 911 Carrera S type or a condominium in Miami.
Wednesday, 29 June 2011
Youthful ideals abandoned in the pursuit of power
The Communist Party’s promise to embrace democracy won it many supporters in its early days
China migrant unrest exposes generation faultline
In a backstreet pool hall in southern China’s factory belt, young migrant workers gather around the tables, their eyes flitting between the worn green baize and the anti-riot police patrolling the grimy alleys.
As China Communist Party turns 90, a debate erupts
China is marking the 90th birthday of the Communist Party with its typically over-the-top celebrations and an unusually rancorous debate about whether the government needs a major change in direction to sustain the country’s resurgence.
Tuesday, 28 June 2011
Monday, 27 June 2011
Mirror effect
The West’s fears about a ‘rising’ China mostly reflect anxieties about itself rather than policy shifts in Beijing
Guangdong rule urges residents to flush out foreigners who overstay
Guangdong’s new regulation to tighten up rules on foreigners living and working there as it tries to crack down on illegal immigration could mean more harassment of foreigners and restrictions on their freedoms.
Unhappy rural migrants threaten China stability - state think tank
China’s millions of rural workers will become a serious threat to stability unless they are better treated in their new urban homes, a top state think-tank warned in a report published in the wake of fresh rioting in one factory city in the south.
‘Ultimate’ city for investors
Los Angeles is attracting bargain-hunting Hong Kong and mainland buyers who are capitalising on low prices.
Malaysia to implement minimum wage policy soon
Malaysia will hopefully implement minimum wage policy by the end of this year.
Quiet China giant embodies technology aspirations
China’s quietest multibillion-dollar Chinese success story began when a former soldier founded a company in the 1980s to sell imported phone switches.
Singapore girls are materialistic: SMU study
A new research has shown that Singaporean women are “significantly” more materialistic than their American peers. Published earlier this year, the study by Singapore Management University (SMU) psychology professor Norman Li surveyed about 400 psychology students aged between 19 and 21.
China audits local government finances
China released a comprehensive assessment of the debts of its local governments on Monday and barred those entities from borrowing any further, taking its first major step to reduce the risk of default and instability in the world’s second-largest economy.
Kung fu panda too American for some
Beijing artist buys newspaper ads urging film-goers to steer clear of animation blockbuster, saying it twists Chinese culture and brainwashes its youth
Phone scam bust is fruit of crime pact
A two-year-old cross-strait agreement allowed police from Taipei and Beijing to work together to break up ring defrauding mainlanders out of millions of yuan
Art auctions ‘marred by fakes, cheats’
As prices soar for Chinese artworks, the auction system is linked to fake certificates, artificial prices and a myriad of other irregularities
China shops for oil, food, minerals in Latin America
Beijing lends and invests tens of billions of dollars in countries in return for a flow of commodities
Chinese buyers shopping for prime NY sites
Falling commercial property prices bring out mainland investors hoping for eventual rebound
Hong Kong takes to the bottle
Tax abolition created 850 firms and 5,000 jobs in 2 years, and wine business is now worth HK$5.5b
Still no sign of a consumer boom
As the world looks to Chinese shoppers to help boost the global economy, consumer spending as a proportion of GDP continues to decline
Zengcheng offers cash, residency to informers
Guangdong City wants local migrant workers to provide information on those who took part in riots, but observers say the tactic won’t work
Executives lose millions buying fake degrees
One alerted police after her PhD certificate failed authenticity test, despite 50,000 yuan verification fee
Efforts to quell China unrest a vicious circle
Many have a stake in ensuring social stability, and seek to protect and expand their share
British bribery law’s global reach is a challenge to Chinese sovereignty
China should protest against the act’s global reach
By the book
A clarification from Beijing about its claim in the South China Sea could help resolve the disputes with the Philippines and Vietnam, without compromising its sovereignty
Jakarta to stop sending maids to Saudi Arabia after beheading
Indonesia will stop sending maids to Saudi Arabia from Aug 1, and a joint taskforce will be set up by Jakarta to discuss how best to protect these workers, a top official of the Transmigration Ministry said yesterday.
Over 4,000 workers on strike in South China
Thousands of workers at a South Korean-owned factory in China’s industrial heartland have gone on strike to demand better pay and working conditions, a report said Thursday.
Police clear the air on handling WW2 relics
They will help even if items are found on private property, says director of ops
Reforms can’t wait as an inevitable slowdown of the Chinese economy looms
The prospect of leaner times means the government must act now to ease social pressures and protect people’s access to education, jobs and opportunities
All should be willing to accept UN’s say on Spratly
Tensions over the South China Sea territorial disputes continue to escalate with the holding of military exercises by virtually all parties concerned.
Sunday, 26 June 2011
Why dodgy firms go West
Hong Kong isn’t immune to company fraud, but proximity, a shared language and closer vetting means the market is more likely to smell a rat
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