Posted on | March 31, 2012 | No Comments
Following rumours of a coup by allies of dethroned Chongqing Party chief Bo Xilai, Xinhua reported on Saturday that authorities have taken action against a number of websites and individuals involved in the rumours’ spread:
As economic expansion benefits China’s growing middle class, long stagnant fares are leaving Beijing’s 66,000 taxi drivers discontented. The Economist reports:
Measures to promote balanced trade currently being deliberated by Chinese authorities may create significant opportunities for other countries if implemented. The State Council, or China’s cabinet, said in a statement released Friday after an executive meeting that China is considering a number of policies to boost the country’s imports and improve its trade balance.
China has shut down websites, made a string of arrests and punished two popular microblogs after rumors of a coup linked to a major scandal that brought down a top politician. Authorities closed 16 websites for spreading rumors of “military vehicles entering Beijing and something wrong going on in Beijing,” the official Xinhua News Agency said, citing the state Internet information office.
After a 16-year roller coaster career that included spats with coaches and teammates, the mercurial Stephon Marbury has reinvented himself as the darling of Chinese basketball. The 35-year-old American, a two-time NBA All-Star, led the Beijing Ducks to their first-ever Chinese Basketball Association (CBA) championship on Friday, falling to his knees and sobbing as 18,000 delirious fans went wild.
The world’s highest and longest tunnel-to-tunnel bridge has been completed in China.
The mystery over the death in China of Old Harrovian Neil Heywood deepens by the day, with calls for Scotland Yard to investigate allegations of poisoning.
FOXCONN, which makes more than 40 per cent of the world’s electronics for companies such as Apple, Dell and Amazon, has promised to cut working hours in its Chinese factories and significantly increase wages.
In two separate reports, the National Audit Office announced it found evidence of improper activity in one of the country’s major natural gas pipeline projects as well as earthquake reconstruction efforts in Yushu, a prefecture in Qinghai province.
China’s central bank has decided to develop a new international payment system to facilitate cross-border renminbi clearance among market players, Financial News, a publication run by the People’s Bank of China, reported on Friday.
The other day, in “China: Where Nothing Is Ever Quite What It Seems. The High End Rent-A-Laowai Edition,” we wrote about a friend-client/everyday businessperson who had been “rented out” as a United States diplomat for a big Chinese banquet/occasion.
There’s an old saying: China will get old before it gets rich. Shanghai is turning that adage on its head: The city is both rich and old.