Demand boosts rental market as flat seekers put off buying in the hope the central government’s cooling measures will cut prices further
When someone shares with you something of value, you have an obligation to share it with others.
Wednesday, 14 September 2011
Tuesday, 13 September 2011
Why Wealthy Chinese Are Fleeing China
Many wealthy Chinese are ditching their Chinese passports according to a recent survey by China Merchants Bank and Bain & Co. The report found that 27 percent of Chinese with more than 100 million yuan ($16 million) in investable assets have already migrated and 47 percent are thinking about leaving China.
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The good old days of Good Samaritans are gone for good
Death of an elderly man as people looked on without helping him has sparked intense debate
The man in the party machine
Zhu Rongji’s latest book offers a unique glimpse of life at the top for the former economic tsar
Sunday, 28 August 2011
Saturday, 27 August 2011
Condominium developers upping the stake
It is no longer enough for condominiums to boast a pool, gym, clubhouse and tennis court. Developers are adding fancy facilities such as a spa, sports bar, rock-climbing wall, luxury dining room and even a bird-watching tower to make their projects stand out.
Assets of corrupt officials on the run to be seized
Mainland courts may soon have the power to confiscate ill-gotten gains under a new law
China Uses Rare Earths to Lure Manufacturing Plants
China has long used access to its giant customer base and cheap labour as bargaining chips to persuade foreign companies to open factories within the nation’s borders.
Wednesday, 24 August 2011
Buyers, sellers get around curbs
Couples fake divorce or even sacrifice marriage to obtain more property, and developers are happy to throw in extras to keep cash coming in
Tuesday, 23 August 2011
China rail firm boss, blamed for crash, dies of heart attack
The head of a Chinese railways technology firm blamed for faulty signalling gear that caused a high-speed rail crash last month died of a heart attack while the company was being inspected, Chinese media said Tuesday.
Look for cracks in axles, metal fatigue expert says
Railways ministry complains that German ultrasonic detector used to inspect trains is too sensitive
Monday, 22 August 2011
Law exposes unease at state of modern marriage
Experts say controversy over new interpretation reveals deep sense of social and moral insecurity
Lust will and testament
The earliest recorded wills in Hong Kong show that a group of highly-successful women had one thing in common ... they were all working in the sex trade
To fully legalise the profession or not - it’s a dilemma
It may make sense from a welfare point of view but the economic argument suggests otherwise
Saturday, 20 August 2011
Taiwan’s court strips Chen’s son of position
The son of Taiwan’s jailed former president, Chen Shui-bian, has been stripped of his position as a city councillor in Kaohsiung after being sentenced on Wednesday to three months in prison for perjury.
Thursday, 18 August 2011
Police seize 'high-quality' fake 100 yuan notes
Police in Zhejiang province have seized an undisclosed number of high-quality counterfeit yuan notes said to look more realistic than any fake cash in recent memory.
Merchants enlisted sham bird’s nest ‘experts’
Mainland bird’s nest merchants accused of selling fake or tainted products staged a press conference with Malaysian officials to defend their reputation. But the event itself was a sham and the officials were bogus.
Yunnan plant dumped toxins for 20 years
A Yunnan chemical plant was exposed for disposing more than 280,000 tonnes of uncontained toxic chromium residue near the source of the Pearl River, dating back about two decades and causing health risks to millions of Guangdong residents.
Wednesday, 17 August 2011
Manchester United’s IPO Looks Offside
You’ve got the replica shirt, now buy the shares. That may be Manchester United’s pitch if the U.K.’s leading soccer team pursues plans to raise up to $1 billion through an initial public offering in Singapore. With two-thirds of its 333 million global fan base based in Asia, looking East to raise capital is an understandable move by United’s American owners, the Glazer family. But investor faith in United shouldn’t be as blind as that of its fans.
New set of measurements for white-collar foreigners
Significant changes to Singapore’s employment pass (EP) framework will kick in from January 2012, further tightening the inflow of white-collar foreign workers and potentially raising businesses’ wage costs by an average of one to 2 per cent.
Red Devils may erase debt with Singapore IPO
Man U said to be raising US$1b in Q4; with Credit Suisse hired as book runner
US credit crisis shocks Chinese consumers
Spurred on by state media which have let rip at the “debt-riddled” United States, the Chinese have listened with wide-eyed amazement to tales of American people living well beyond their means.
The US credit crisis has brought to light a fundamental difference between thrifty consumers in China -- the largest foreign holder of US debt -- and their credit-loving US counterparts.
The US credit crisis has brought to light a fundamental difference between thrifty consumers in China -- the largest foreign holder of US debt -- and their credit-loving US counterparts.
Sunday, 14 August 2011
US oil firm admits spill was bigger than it said
The American operator of troubled oil platforms in Bohai Bay has admitted that the total amount of oil that leaked around its rigs was more than double its original estimates, amid mounting criticism from marine authorities that the company has yet to offer a permanent solution to the problem.
The best prescription to restoring consumers’ trust on the mainland
John Gong urges mainland companies to learn from a benchmark crisis response
Maiden voyage tests for defects
The Varyag’s sea trial is searching for faults following modifications to vessel, experts say
Cathay pilot and hostess sacked over sex act on airliner
Incident did not happen while any plane was airborne, says chief executive John Slosar
China cuts public home building target
It will build 8 million units for 2012, 20% less than initial goal, in a move that may disappoint investors
Train drivers in low-paid race with time
Being a train driver used to be a prestigious technical career on the mainland. Working for a large, state department meant a stable, well-paid job with the added perk of travelling around the country when few even had the chance to visit a neighbouring city.
Bullet train system unreliable, insiders say
China’s bullet train system still faces many unpredictable risks and any small error could bring another crisis upon the giant Ministry of Railways, industry insiders warn.
Chemical plant at centre of suspicion
Claims surface that petrochemical facility involved in typhoon scare last week operated for a year without environmental approval from provincial watchdog
Saturday, 13 August 2011
Home comfort for divorcees’ folks
Mainlanders whose parents buy them property when they marry will keep it if they divorce
Banks told to tighten grip on property market loans
Expected impact from Beijing’s efforts to cool an overheated market prompts regulator to urge lenders to protect themselves from price plunge
Deadly accident exposes government fault lines
Differences in public statements about high-speed trains reveal divisions over the national system
Thursday, 11 August 2011
A truly open government is one that welcomes public involvement
Beijing’s latest circular on transparency will have bite only if channels are in place to give voice to people’s views and seek their support
Beijing puts brakes on railways
High-speed trains will be ordered to slow down and approval for new lines suspended as investigation into fatal Wenzhou disaster continues
Into uncharted waters
Yesterday’s maiden sail of reconditioned Varyag seen as major step towards PLA’s decades-long ambition to have a naval force capable of projecting Chinese strength
China awash with counterfeit vintage wine
“There is more Lafite 82 in China than was produced in France. So you really have to be wary if you find any of that in China,” he told AFP.
Wednesday, 10 August 2011
China launches first aircraft carrier on maiden sea trial
China launched its first aircraft carrier for a maiden run on Wednesday, a step likely to boost patriotic pride at home and jitters abroad about Beijing’s naval ambitions.
Monday, 8 August 2011
Hard landing may be good medicine
Short-term crisis, while painful, could give policymakers a chance to steer mainland economy onto a healthier growth path for the long term
Business blooming in China risk detection
Agricultural firms are trying to get buyers back on their side, while investors turn to investigators to verify the claims companies make about their assets
Beijing housing woes eased by state subsidy schemes
More people getting homes at a fraction of market rate
Red Cross health project ‘a scam to sell insurance’
Carers at community service stations were working undercover for China Life, TV investigation reveals
Military spending cause of US debt: China
The United States must rethink its huge military outlays, big footprint abroad and summon the courage to defuse debt woes, Chinese state-run media said on Monday, reflecting the political pressures on Beijing with its big stash of dollar assets.
Drive to close illegal golf courses flops
Just 10 of 600 clubs on the mainland have full government approval, and many take water illegally, but crackdown efforts have been distinctly under par
Lessons from China’s deadly train accident
The deadly train collision near Wenzhou underlines the incongruous fact that despite China’s soaring economy, vestiges remain of the ultra-left ideology behind the Great Leap Forward campaign more than 50 years ago.
More secret ‘black jails’ exposed in the capital
More secret prisons locking up petitioners in Beijing have been exposed by mainland media, after several similar facilities were revealed to the public in the past couple of years.
Mainland soy milk drinkers up in arms
Consumers angered to discover restaurant chains and fast-food giant are serving powdered drinks
All eyes on the PLA’s new guard
All eyes on A reshuffle of the Central Military Commission will see veteran officers replaced and some ‘princelings’ expected to follow in the footsteps of famous fathers
Sunday, 7 August 2011
Ouch! U.S. booted from Triple-A debt club
The Triple-A debt club just got even more exclusive: Late Friday, the United States was booted out of a prestigious group of countries that boast a spotless credit rating.
Full article
Full article
Saturday, 6 August 2011
Thailand gets first female Prime Minster
Yingluck Shinawatra became politically turbulent Thailand's first female prime minister yesterday after parliament endorsed her crushing election victory.
Wednesday, 3 August 2011
China mulls new regulator for state financial sector
China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two sources with knowledge of the plan said, a move that would strengthen Beijing’s grip on its lenders.
Tuesday, 2 August 2011
Wenzhou crash response exposes rot in political system
Calls grow for overhaul to restrict unlimited power and prevent its abuse after accident reveals flaws
Made for China
Chinese faces are different from Westerners and most sunglasses are created according to Western facial features. But help is at hand, Gan Tian finds out.
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Monday, 1 August 2011
Taxi driver protests hit two Chinese cities
Thousands of taxi drivers in China’s eastern city of Hangzhou went on strike Monday over high petrol prices and traffic congestion, while drivers in Shanghai also protested over benefits.
Critics denounce ban on rail disaster reports
Decision by propaganda authorities’ to restrict unfavourable coverage shows that a ‘decades-long habit of muzzling’ is still in force, say analysts
Families may sue railways ministry
Frustrated by the handling of their demands, relatives of victims of the Wenzhou disaster say they may have to resort to court action for justice
18 killed in 2 attacks in troubled NW China
A city government said Monday that six more civilians died and five “terrorist” suspects were killed by police in one of China’s most troubled ethnic regions, raising the death toll from weekend violence to 18.
Sunday, 31 July 2011
Aquanauts take one giant step for China
Press points finger at greedy and callous railways officials
Ministry faces barrage of questions about its overconfident attitude to the high-speed-train crash that took 40 lives
10 days’ training, long hours for drivers in focus
Many drew attention to a state media report late last year about a driver who was given just 10 days to learn how to drive the first Chinese high-speed train. His German instructor had expected a training period of several months.
Censors slap ban on crash coverage
China lawyers told not to take train crash cases
Chinese authorities have apologized after lawyers were told not to help victims of a deadly train crash file lawsuits without permission, state media said.
Knife attack in China’s Xinjiang leaves seven dead
Seven people were killed and 28 others wounded by two knife-wielding assailants in China’s ethnically-tense Xinjiang region, authorities said Sunday, in the latest bout of unrest to hit the area.
China ‘forced papers’ to scrap rail crash coverage
China imposed a widespread ban on coverage of last week’s high-speed train crash, forcing newspapers across the country to scrap pages of stories, a Hong Kong newspaper reported Sunday.
China forced papers to scrap rail crash coverage
China imposed a widespread ban on coverage of last week’s high-speed train crash, forcing newspapers across the country to scrap pages of stories, a Hong Kong newspaper reported Sunday.
Friday, 29 July 2011
Contract makers review business model
Contract manufacturers rolling out an array of gadgets such as Apple’s iPad, Dell’s PCs and other devices in China are re-examining their business models as they grapple with surging costs and shrinking margins.
Thursday, 28 July 2011
China defends carrier plans, neighbours fret over
China’s neighbours are worried its aircraft carrier program may in time intimidate regional rivals but its military on Thursday defended the plan as vital for maritime security.
U.S. says cooperating with China to repatriate graft fugitives
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 to Sell Sanyo White Goods Units to Haier
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.
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China says equipment flaws caused train crash
Design flaws in signal equipment and human error caused last weekend's high-speed train crash in China that killed at least 39 people, a railway official said Thursday.
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Shanghai tightens property market rules
Shanghai authorities will inspect home sale plans from real estate developers and may reject applications if they find prices to be “unreasonably” high, in its latest effort to fight rising house prices.
China’s investments are not as wasteful as the bears believe
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
Whither this speed?
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?”
China state paper accuses authorities of ‘arrogance’
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
Chinese officials close 2 of 5 fake Apple stores
Chinese Officials looking into the illegal sale of Apple gadgets say they are waiting for the electronics company to respond before they decide whether to close three more possibly unlicensed stores.
Warnings about lightning ignored
Transport experts alerted rail authorities to the risks, but preventive measures were considered too costly
Furious relatives demand answers
Grief gave way to anger in Wenzhou yesterday as relatives of the victims of Saturday’s high-speed train crash protested outside the municipal government offices, demanding railway officials meet them face to face.
Yes, there’s a property bubble in China
Its bursting can harm the real economy and can cause negative spillovers to other nations
China’s effort to muzzle news of train crash sparks outcry
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 outraged by rail crash
Local government debt poses risk to growth, says PBOC advisor
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.
Train crash could curb China rail equipment exports
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.
China sacks 3 railway officials after train crash
China sacked three senior railway officials yesterday after a collision between two high-speed trains killed at least 43 people and raised new questions about the safety of the fast-growing rail network.
Sunday, 24 July 2011
China Train Wreck Raises Questions
“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.”
Customs looks at car pricing tactics
The Government may be clamping down on pricing tactics that have made some cars cheaper but the taxman poorer.
Taxpayers finally get to See where the money goes
The 100 million yuan spent on banquets at the Academy of Sciences may prove hard to swallow as government departments finally divulge their expenditure
Lai’s return expected to worry corrupt officials
Before being deported from Canada, the fugitive, who fled with a fortune, vowed to take many other officials to prison with him if he was convicted
Mainland home prices heading for a fall
Despite enticing smiles from attractive sales agents beckoning visitors to an exhibition for a new property launch, the cavernous hall in suburban Beijing remained virtually empty for hours at a stretch.
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