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
Friday, 24 June 2011
China accounting scandals put Big Four auditors on red alert
The string of accounting problems and stock plunges at publicly traded Chinese groups has sparked deep concerns across the world’s biggest audit firms, putting the so-called Big Four on alert from worries that their reputation could be brought down along with a growing list of stricken companies.
Malaysian schoolgirl rakes in $10k by selling body
A secondary school student in Malaysia made 30,000 ringgit (US$9,955) during the year-end school break last year by selling her own body, Malaysian newspaper China Press reported.
Thursday, 23 June 2011
‘We can’t contain our anger any longer’
4,000 workers making handbags for brands such as Burberry and DKNY go on strike for pay rises and an end to harsh treatment from their Korean bosses
Asia’s wealthy population overtakes Europe
Booming Asia had more millionaires than Europe for the first time last year and is fast closing in on North America for the top spot, a report released Thursday said.
Tuesday, 21 June 2011
China’s Boom Beginning to Show Cracks
New economic analyses of China provide further indication that the nation’s supercharged economy is beginning to slow, and warn that soaring inflation, rising labour costs and mounting local government debt threaten to weaken growth even more.
Chinese dairy standards ‘lowest in the world’
China’s dairy industry has the lowest quality standards in the world and much of the blame is down to the large companies that dominate it and the rock-bottom prices they pay farmers for raw milk, say industry experts.
Monday, 20 June 2011
Spilling over
The recent spate of violent protests across the mainland suggests that Beijing’s effort to keep a lid on social frustrations is failing. Instead, it must rethink its focus on economic growth and repression.
Sunday, 19 June 2011
Indonesian branch of Obedient Wives Club opens
A new club in Indonesia that encourages women to be totally obedient to their husbands and focus on keeping them sexually satisfied has generated an outcry from some activists.
Saturday, 18 June 2011
Tighter controls double price of some rare earths
Beijing’s plans to centralise control of mining assets and restrict overseas sales souring ties with clients
Vietnam’s lure hurt by strikes
Foreign companies drawn by cheap labour to open factories in the country are going elsewhere as inflation forces workers to demand higher pay
Wine investors see red
A week after news of a police probe into an alleged investment scam involving Premium Liquid Assets’ (PLA) Hong Kong office hit the headlines in the territory, Singapore investors of the locally-incorporated wine investment company are also searching for answers about their investments.
Friday, 17 June 2011
Corrupt Chinese officials flee with US$120b
Corrupt Chinese officials siphoned more than US$120 billion out of the country in less than two decades, the central bank has said in a study highlighting the widespread scourge of government graft.
Asia Housing Boom Stalls as Tightening Puts Brake on Prices
From Mumbai to Melbourne, Asia’s property boom is stalling as the world’s highest interest rates and government efforts to curb prices take hold.
Thursday, 16 June 2011
Wife had affair with ex-student, claims man
She denies this and tells divorce hearing that he physically abused her
Party drug use rises in China
More Chinese people younger than 35 years old, including white-collar workers and university students, have been taking synthetic drugs in Shanghai, according to the latest statistics from the Shanghai Narcotics Control Commission.
Wednesday, 15 June 2011
China Property Sector Faces ‘Deepening Correction’: S&P
Standard & Poor’s believes a “deepening correction” is looming over China’s red-hot real estate market, with prices set to fall 10 to 30 percent over the next 12 months.
Tuesday, 14 June 2011
Can the US stay on top?
Prospect of US economic decline presents a growing challenge for American business leaders and politicians
Internet users set up site to report bribery
Anti-graft website reports on money paid to teachers, doctors and businessman
Sorry, we’re full. Luxury brands find China taken
No more prime sites left that fit high-end retailers’ exacting standards, say property consultants
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