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- Shanghai Awaiting Approval on Disneyland [AP]
Shanghai is awaiting approval of mainland China's first Disneyland, and the theme park could be built on an island in the Yangtze River, according to reports in the mainland and Hong Kong media. - Shanghai sets up $1bn fund [FT]
Shanghai's city government is setting up a financial investment company with about $1bn to spend on investments in China and overseas. - New mechanisms required for China's climate change efforts - Greenpeace [Forbes]
China is unlikely to be pressed into accepting mandatory greenhouse emission cuts in any post-Kyoto agreement, but 'new mechanisms' need to be created that will allow the country to make a bigger contribution to the battle against global warming, said Yang Ailun, campaign manager for climate and energy with Greenpeace China. - China to tighten monetary policy in 2008 {AFP]
China said Wednesday it would tighten monetary policy in 2008 for the first time in a decade, as it battles to rein in a soaring stock market and a red-hot economy at risk of overheating. - Kitty Hawk's Taiwan passage angers Beijing [FT]
China said yesterday it was "gravely concerned" by a US decision to send an aircraft carrier through the sensitive Taiwan Strait shortly after Beijing barred it from visiting Hong Kong. - Migrant population swelling in Beijing [China Daily]
The most recent influx of migrant workers boosted the capital's population to about 17.4 million by October, signaling Beijing's population would likely exceed its threshold of 18 million earlier than previous forecasts. - China Tourists, Police Scuffle in Macau [AP]
Police armed with riot shields and batons were called in to subdue angry tourists from mainland China who clashed with tour guides in the tiny gambling enclave of Macau, police said Wednesday.
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- DHL to Invest $175 Million In New Shanghai Facility [WSJ]
DHL Worldwide Express Inc. said it will invest $175 million in a new express-delivery hub in Shanghai to serve its customers in China and other countries in northern Asia. - Shanghai mulls traffic 'congestion fee' [The Age]
Shanghai is considering London-style "congestion fees" for private cars driving during peak hours to ease traffic strains caused by soaring car ownership, local media said. - France Gets $29.62B in Chinese Contracts [AP]
France netted deals in China for nuclear reactors and passenger jets worth a combined $29.62 billion Monday, the second day of a state visit by French President Nicolas Sarkozy. - China manager says World Cup soccer draw 'worst ever' [AFP]
The 2010 World Cup draw is China's worst ever, the team's manager said Monday after they were pitted against Australia, Iraq and Qatar in the Asian "group of death". - Mandelson causes a storm in China [Guardian Unlimited]
Peter Mandelson, EU trade commissioner, caused a storm in China today by accusing the authorities of failing to tackle a "tidal wave" of counterfeit goods and turning a blind eye to the theft of European firms' innovations and patents. - Beijing still committed to opening stock market [IHT]
The Hong Kong chief executive, Donald Tsang, says that the Chinese government is committed to a plan for letting the country's mainland investors trade shares on the city's stock exchange.
Photo from meckleychina
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- Workers clearing China landslide discover bus in the rubble; 29 believed dead [The Canadian Press]
The bus was found three days after a landslide tore a 50-metre gash in a mountainside Tuesday heightening concern that the massive reservoir of the Three Gorges Dam, was wreaking ecological havoc in the region. - US studios sue Chinese website for film piracy [AFP]
20th Century Fox, Walt Disney, Paramount Pictures, Columbia Pictures and Universal Studios have filed a lawsuit against Beijing-based Jaboo Interactive Services and Technology and the East Cybercafe in Shanghai for facilitating the illegal downloads of their movies. - China's giant dam unleashes landslide disasters [The Scotsman]
Today, the Communist Party is hoping the dam does not become China's biggest folly. Chinese officials have admitted that the dam was spawning environmental problems like water pollution and landslides that could become severe. Equally startling, officials want to begin a new relocation programme for four million people - a new record they don't really want. - Beijing orders hotels to stock condoms following spike in HIV infections [The Canadian Press]
Beijing's health bureau has ordered hotels to stock condoms in every room in response to a spike in new HIV infections in the Chinese capital. - Yuan achieves record against US currency [Shanghai Daily]
The yuan broke the 7.4 mark against the US dollar for the first time yesterday largely fueled by expectations that China is seeking a quicker appreciation of the currency to fight inflation.
Photo from Jake in Shanghai
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- Golf in China: All growing, all new, all raw [ESPN.com]
In China, the sport of golf is younger than Tiger Woods himself. But the game has grown exponentially in recent years, leading to more courses and the development of some pros through the Omega China Tour. But as Dan Washburn reports, all is not without struggle. - PM Manmohan Singh meets Chinese counterpart in Singapore Times of India]
Prime Minister Manmohan Singh on Wednesday met Chinese premier Wen Jiabao here and the two leaders are understood to have discussed ways to expand bilateral ties. - China Needs Iron [Forbes]
Another battle may be shaping up between China and Japan. This time, it's over iron ore. - China to hold Asia climate change meeting in 2008 [Reuters]
China will hold a meeting in Beijing next year for Asian countries to discuss climate change, as it faces the risk of more droughts and floods and seeks common ground on a potential successor to the U.N. Kyoto Protocol. - Number of new HIV/AIDS cases rises more than 50% in Beijing [Xinhua]
The Chinese capital officially registered 973 new HIV/AIDS cases in the first 10 months of this year, up 53.71 percent from a year earlier, a health official said here on Wednesday. - China's dangerous toys still in US stores: Survey [AFP]
US store shelves are still stacked with dangerous toys made in China despite a spate of recent health scares that prompted mass recalls, a consumer group warned in a study published Tuesday.
Photo from Slow Boat to China: Farmers from the small village below Tangshanpeng Wind Farm, Shandong. The farmers grow mostly apples, corn, cabbages and livestock.
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- Tiger eats tiger in NE China zoo [Xinhua]
A Siberian tiger at the Shenyang Glacier Zoo was killed and eaten by four tigers it had lived with for five years over the weekend. Apparently, the cash-strapped zoo has not been able to feed the tigers with sufficient food for the last two years. - 'Spiderman' Scales Part of China Mountain [AP]
A daredevil French climber nicknamed "Spiderman" scaled part of Hunan province's Tianmen Mountain using only his bare hands, months after he was banned from the country for clambering up Shanghai's tallest building without permission. - Federer ends 'great season' in Shanghai [The Press Association]
World number one Roger Federer hailed 2007 as a "breakthrough year" after defending his Tennis Masters Cup title. The Swiss star brushed aside Spain's David Ferrer 6-2 6-3 6-2 in the Shanghai final on Sunday for his fourth win at the season-ending showpiece in five years. - China Railway plans $5.5 bln HK and Shanghai IPO [Reuters]
China Railway Group, the world's third-largest construction contractor by revenue, plans to raise up to $5.5 billion from its Hong Kong and Shanghai initial public offering amid booming railway investment in China, sources familiar with the deal said on Monday. - Beijing urged to come clean on pollution [Sydney Morning Herald]
The International Olympic Committee has called on Beijing Games organisers to release detailed information about air quality gathered during an August trial when 1.3million cars were taken off the Chinese capital's roads.
Photo from Xinhua
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- Leave it to the Chinese to make a business out of anything. Richard Spencer of The Telegraph reports that a new breed of waste collectors has struck deals with jewellery makers to pan for gold in the sewage. This business is now proving to be so lucrative that one building has sold the rights to its sewage for 140,000 yuan a year. We wonder how much our sewage is worth.
- The Indians may be generally envious of their Chinese counterparts, but the latest news indicate that that may not be the case for the richest of the rich in both countries. In fact, according to Forbes, the four richest people in India are now worth US$180 billion, more than the top 40 in China put together after gains by the Indian benchmark stock index and currency.
- The Dalai Lama continues on his whirlwind tour after receiving warm welcomes from leaders of the United States, Canada, Australia and Germany, but has received a snub from Japan in his ongoing 9-day visit there. Nobody from the Japanese government will be meeting the Dalai Lama. Newly appointed Japanese Prime Minister Yasuo Fukuda has vowed to write a fresh page in Sino-Japanese ties and is steering clear of doing anything that may throw China into yet another hissy fit.
Photo from Slow Boat to China: Winter time at the Summer Palace in Chengde.
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- No more rescuing Shanghai [IHT]
Now that PetroChina's stock is trading in Shanghai, this year's surge in Chinese shares will lose one of its catalysts: the mainland debuts of Hong Kong-listed companies. - China Railway Group sets plans for Shanghai IPO [IHT]
China Railway Group Ltd., a state-owned builder of railway lines, will begin subscriptions for an initial public offering in Shanghai on Nov. 20, the company said in an announcement Wednesday. - Dollar Falls to Record on China's Plans to Diversify Reserves [Bloomberg]
The dollar fell to a record versus the euro and the weakest since 1981 against the pound after Chinese officials signaled plans to diversify the nation's $1.43 trillion of foreign exchange reserves. - Little-Known Entrepreneurs Putting China Near Top of Billionaires’ List [NY Times]
Unlike America’s rich, China’s are hardly famous, even here. Bill Gates and Warren E. Buffett are known around the world. Yet, who they are, and what they decide to do — or are allowed to do — with their money and newfound influence will have political and economic consequences in China and probably far beyond, analysts say. - Half of Shanghai's drug addicts aged under 35 [China Daily]
Drug addicts in the city are getting younger, figures from the local drug agency have revealed. According to Zhou Weihang, director of the Shanghai anti-drug office, at the end of September, more than 50 percent of the city's 32,000 registered drug users were under 35. - Euro concerns to be voiced on Beijing trip [Financial Times]
European efforts to encourage a speedier appreciation of the Chinese renminbi will step up a gear this month amid concerns the euro is bearing the brunt of global macroeconomic adjustments.
Photo from theshanghaieye.
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- What if Beijing is right? [IHT]
What if the doubters have been wrong all along? What if big government and an all-powerful state are good, not bad? What if the business cycle, hitherto thought to be inevitable, if completely unpredictable, could be repealed? These are the questions that Howard French of the IHT asks in his latest Letter from China. - China's 1st lunar probe to reach moon orbit Monday morning [Xinhua]
- China's first lunar probe, Chang'e-1, will reach the moon's orbit this morning and currently, it is traveling on the expected trajectory, scientists said Sunday.
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Plan to Open Hong Kong Market To China Investors May Be Delayed [WSJ]
A landmark program to allow mainland Chinese investors to trade directly in Hong Kong shares could be delayed further, possibly threatening some of the strong stock market gains that anticipation of the program has helped drive here over the past two months. - China urges local governments to keep prices stable following oil price hikes [Forbes]
China's National Development and Reform Commission (NDRC), the country's top economic planning body, urged local governments to take measures to maintain stable market prices overall after it raised refined oil prices by 10 pct last week. - China subsidizes rural transportation, urges aid for urban poor following fuel price hike [AP]
China's central government has subsidized transportation in rural areas and urged local officials to help the urban poor after it raised fuel prices by nearly 10 percent this past week, state media reported. - U.S. defense secretary to press for military openness in China [IHT]
The U.S. defense secretary, Robert Gates, arrived in Beijing late Sunday to open two days of talks with senior leaders, and senior officials said he planned to press for a more open dialogue on the Chinese military while discussing ways to build trust and cooperation.
Photo of lakes at the foot of Jade Dragon Snow Mountain, Yunnan, from Slow Boat to China
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- If you guys have passed by CITIC Square on Nanjing Lu in the past month or two, you'd surely have seen that Mont Blanc has taken over the ground level store that used to be occupied by Starbucks, and apparently, they are building the world's largest Mont Blanc boutique right there. All Roads Leads to China reveals that Mont Blanc is paying US$11 per square metre per day, which works out to about US$250,000 per month. Nice.
- Fons Tuinstra, fresh from an interview with an Iranian TV station, ruminates on China's one child policy and comes to the conclusion that if the policy had not been in place, China would be looking a lot more like India today.
- Liaoning and Sichuan have joined Guangdong, Jiangsu, Shandong, Zhejiang, Shanghai, Henan and Hebei in the club of trillion RMB economies in China. Beijing is poised to join the club later this year.
- Nearly 400,000 Taiwanese currently live on the Chinese mainland as of September this year and 270,000 cross-strait marriages have been recorded. Taiwanese made more than 45.83 million visits to the mainland, and mainlanders made more than 1.56 million visits to the island this year so far.
- Rebecca MacKinnon informs us that Yahoo! is now apologizing for not telling the full truth to Congress at the February 2006 hearing where Yahoo! was taken to task for its role in the conviction of Chinese journalist Shi Tao.
Photo of the Mont Blanc superstore on Nanjing Lu from All Roads Lead to China
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- China urges UN support for Olympic Truce in 2008 [Bangkok Post]
China asked the UN General Assembly Wednesday to adopt a resolution supporting the Olympic Truce, a time-honoured practice from ancient Greece to respect the sportive events that will take place in Beijing next year. - French foreign minister in China with sensitive issues on agenda [AFP]
France's foreign minister Bernard Kouchner held talks with China's leaders Wednesday to pave the way for President Nicolas Sarkozy's visit and push Beijing on a range of sensitive issues, including Myanmar and Iran. - How Beijing is trying to meet "green" targets [Reuters]
How Beijing is spending 120 billion yuan ($16.1 billion) to combat its chronic pollution and create a clean, green Beijing ahead of the 2008 Olympics. - Beijing suspends Olympic ticket sales, apologises for fiasco [AFP]
Beijing Olympics organisers apologised on Wednesday after suspending ticket sales following a booking system meltdown, their first major blunder in preparations for next year's Games. - China starts developing new heavy-duty carrier rockets [Xinhua]
China is building a new range of carrier rockets designed to send heavyweight satellites into space, boosting the current carrying capacity by nearly three times. - Fuel shortages spread into central China [IHT]
The worst Chinese fuel crisis in two years spread to the capital and other inland areas Wednesday, even as the country's top refiner pledged to guarantee supplies to a market crippled by the gap between state-set pump prices and record crude markets. - China-ASEAN cooperation projects on the rise [China Daily]
Chinese and Southeast Asian businesses will put $6.15 billion to jointly build machinery, building materials, consumer electronics, farm produce, foodstuffs and other projects, the organizers of the fourth China-ASEAN Expo said here Wednesday. - China's Alibaba generating heat with impending IPO [SF Gate]
Alibaba.com, the Chinese e-commerce site, will go public in Hong Kong next week in one of the hottest technology initial public offerings since Google.
Photo from theshanghaieye
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