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Friday, 8 June 2012
Consensus on two fewer seats at the top table
There has long been debate about what is the right number of
seats on the Politburo Standing Committee, and some sources say the leadership
has recently reached a consensus on reducing this from nine to seven.
Nation’s auction houses take on the big players
For centuries the art world was dominated by establishment
auction firms such as Sotheby’s and Christie’s, but now the mainland has five
in the top 10 by revenue
Thursday, 7 June 2012
Louis Vuitton passe for China’s super chic
Daisy Liu epitomises China’s obsession with luxury brands:
her shoes are Guiseppe Zanotti, her brooch Chanel, a floral Hermes scarf is
stylishly knotted over one shoulder. She won’t, however, tote a monogrammed
Louis Vuitton handbag ever again.
Wednesday, 6 June 2012
Crunch time for rule of law in China
Jerome A. Cohen says the outcome of one of China’s key
challenges in the next stage of its development - the moulding of a society
ruled by law - may well hinge on the selection of security chief Zhou
Yongkang’s successor
Calls for June 4 rethink grow in party ranks
Some mainland scholars see signs of support, possibly at a
high level, for a vindication of the 1989 Tiananmen Square protesters; others
not so sure
Bubble alert: Watch this (industrial) space
Investors rush in, seeking huge rentals, but big supply in
pipeline may hit yields
Beijing anti-graft team on trail of casino losses
Beijing has major Macau casinos in its sights as it seeks
hard evidence of bribery and money laundering amid a snowballing investigation
into a senior banker and a secretive businessman on the mainland.
Aussies red-faced over secret war plan against China
On the eve of his first visit to China as Australia’s
Defence Minister yesterday, Mr. Stephen Smith was forced to deal with the
embarrassing revelation that his country’s 30-year security blueprint included
a secret plan for war with China.
Tuesday, 5 June 2012
Chinese Drivers Pose Fresh Risks for Foreign Insurers
"People like us who buy Ferraris don't care too much about insurance
because we buy cars for speeding," said Li, in his twenties and the son
of a Pearl River Delta factory owner, as he took delivery of a new 5
million yuan ($787,500) 458 Spider, his fourth red Ferrari. "If we
crash, we just throw them away."
Read more...
Read more...
Monday, 4 June 2012
Odd twist in China stock index evokes crackdown
In an unlikely coincidence certainly unwelcome to China’s
communist rulers, the stock benchmark fell 64.89 points Monday, matching the
numbers of the June 4, 1989 crackdown in the heart of Beijing.
Robots lift China's factories to new heights
The giant orange robotic arms that swiftly weld together car
frames at the Great Wall Motors factory in Baoding might seem like the perfect
answer to China's fast-rising labour costs - they don't ask for a raise, get
injured or go on strike.
Nick Bartman’s investigation of fake wine, other IPR issues in China
In March of 2010, I met Nick Bartman twice in Beijing to
talk about wine and intellectual property rights (IPR) in China. At that time,
Bartman was investigating the scale of IPR infringements, including fake wines,
in China and had started The Wine Protection Group in an effort to get major
industry players to pool their resources.
Retired SPH Editor: The problem with Singapore’s media
I am publishing this post, dear reader, because I believe
that Singaporeans place too much trust in our mainstream media to deliver “the
truth”. It really irks me that Singapore’s media keeps patting itself on the
back, when it suffers from several problems, not least a pro-government bias.
So, I have decided to show six very clear examples of poor journalism. Each one
is different, but together they highlight everything that is wrong with our
media. Please scroll to the middle of this post to see them. Or, if you permit
some preliminary yakking, then read on here….
Exploration ambitions reach new depths
Manned deep-sea submersible heads off in attempt to set a
Chinese record for the deepest dive - 7,000 metres down in the West Pacific’s
Mariana Trench
Hints of a Rift Between Myanmar’s Political Reformers
The first trip abroad in more than two decades by Myanmar’s
opposition leader, Daw Aung San Suu Kyi, appears to have strained her crucial
relationship with President U Thein Sein, who is leading the country’s
transformation from military dictatorship to embryonic democracy.
Sunday, 3 June 2012
Dark chocolate cuts heart deaths
Australian researchers have found that eating a block of
dark chocolate daily over 10 years has "significant" benefits for
high-risk cardiac patients and could prevent heart attacks and strokes.
Beijing Exhibiting New Assertiveness in South China Sea
In tropical waters off the coast of the Philippines, a
standoff between half a dozen Chinese fishing boats, two Chinese law
enforcement vessels and an aging Philippine Navy ship recently attracted a lot
of attention in Washington, Beijing and other capitals across Asia.
China's wine industry: the numbers
Part of his role as a lecturer at the Beijing University of
Agriculture has Li Demei casting his eye over how the wine industry in China is
developing, and he said Thursday he thought that, in the forseeable future at
least, the country would continue to rise as an importer of wines rather than
an exporter.
Experts say Chinese wine industry still needs time to mature
The wine industry itself would have us believe that China
will soon be the "largest vineyard" in the world but a group of wine
experts told a seminar Thursday they remained unconvinced by the claim.
Which way now for China?
Brahma Chellaney says the Communist Party’s sudden
about-face on Bo Xilai and rising popular discontent are signs that China is at
a political crossroads, with five potential scenarios
Is China’s culture holding back its scientists?
The nation produces research faster than Western nations,
but little of it is top-quality, and it loses some of its best minds to freer
countries
Hong Kong wine traders try to offset export drop
A dramatic slowdown in the growth of wine exports to the
mainland is forcing traders to come up with new business strategies to maintain
Hong Kong’s position at the centre of the trade in Asia.
Another mainland owned supercar crash
It's one of the rarest and most expensive cars in the world and the favourite marque of British superspy 007 James Bond.
The top-of-the-range racer has a massive 750 horsepower and a top speed of more than 320km/h.
It is thought to be owned by a mainlander, and has a list price in the UK of £1.4 million (HK$16.7 million).
Only 77 of the One-77 model have been built and they have all been sold, making the car one of the most sought-after on the planet.
A spokesman at Aston Martin's headquarters in Britain confirmed that an Aston Martin One-77 crashed in Hong Kong.
"This type of supercar is made for the track, not for normal road use," he said. "Many drivers who buy them can't handle the car, as it has too much horsepower for them.
"They don't have the skills or experience to control them. It's more than likely this was the reason behind this crash."
The top-of-the-range racer has a massive 750 horsepower and a top speed of more than 320km/h.
It is thought to be owned by a mainlander, and has a list price in the UK of £1.4 million (HK$16.7 million).
Only 77 of the One-77 model have been built and they have all been sold, making the car one of the most sought-after on the planet.
A spokesman at Aston Martin's headquarters in Britain confirmed that an Aston Martin One-77 crashed in Hong Kong.
"This type of supercar is made for the track, not for normal road use," he said. "Many drivers who buy them can't handle the car, as it has too much horsepower for them.
"They don't have the skills or experience to control them. It's more than likely this was the reason behind this crash."
Copy of Alpine Hamlet opens to jibes
A group of Austrians whose scenic mountain village has been
copied down to the statues by a Chinese developer attended yesterday’s opening
in China for the high-end residential project. But they were still miffed about
how the firm did it.
Asia to be base for 60 pc of U.S. fleet
Defence chief Panetta says majority of America’s warships
will be in Asia-Pacific by 2020 but China has nothing to fear; it’s no big
deal, PLA general says
Clinton won’t comment on spy case
Secretary of state refuses to discuss the detention of
Chinese aide accused of passing information to US
Homebuyers just want a fair deal
Angry about losing up to 30pc of their investments as
Beijing’s property curbs force down prices, rallies turn violent as protesters
demand compensation
Another banker caught in ABC graft probe's net
Officer from mid-sized mainland lender arrested for indirect
links to corruption suspect Yang Kun
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