Does giving mean receiving for Chinese millionaires?
US billionaire philanthropists Bill Gates and Warren Buffett invited several Chinese millionaires for dinner to promote the spirit of charity. The invitation has created the week-long buzz and the banquet was dubbed by local media as the Hongmen Banquet, a historical anecdote indicating a feast or meeting set up as a trap for...
Visiting the axis of evil, in Shanghai
SINCE opening in May, the tremendous success of the Shanghai Expo has been vividly demonstrated by what has also been the source of the greatest number of complaints: endless queues. Visitors, primarily Chinese, arrive as early as 3am and assemble in ever-longer lines in front of national pavilions, with the biggest crowds...
EU pushes China on currency - but action unlikely
Countries around the world are acting to keep their currencies from rising, in what one official calls a looming "international currency war." Europe, however, stands out as unlikely to intervene and lower the value of the euro. European leaders do complain publicly that the euro is too strong against China's...
China in deals with Greece
Chinese Premier Wen Jiabao wants to double trade with Greece within five years, and to buy Greek bonds when the crisis-hit country returns to international markets. Wen started a weeklong tour of European countries in Athens, heading a delegation that signed 11 private business deals and two state co-operation agreements...
China's dry times tipped to lift food imports
China’s poor water resources are tipped to increase food imports over the next decade – and economists are starting to work the relevant numbers. ANZ economists Li-Gang Liu and Louis Lam this week predicted that, while China’s food supply and demand are mostly balanced at present, the country is likely to...
India's surprising economic miracle
Horrible toilets. Stagnant puddles buzzing with dengue-spreading mosquitoes. Collapsing masonry. Lax security. A terrorist attack. India’s preparations for the 72-nation Commonwealth games, which are scheduled to open in Delhi on October 3rd, have not won favourable reviews. “Commonfilth”, was one of the...
Malaysia PM: China not indulging in power projection
Malaysia does not see China as indulging in power projection but it does want to engage with major powers to achieve a balance in the region, according to Malaysian Prime Minister Datuk Seri Najib Tun Razak. Najib said as a former defense minister, he believes China is not really indulging in power projection. “Its...
WTO rules China win over US imports dispute
The World Trade Organization (WTO) issued a report of the panel on Wednesday, supporting China over its complaint against measures taken by the United States which have affected imports of poultry from China. The panel ruled that Section 727, the Omnibus Appropriations Act of 2009, applied by the US had effectively...
Editorial: No place for xenophobia or self-interest
According to the Finance Minister, overseas investment regulations to be introduced in December will "provide extra clarity and certainty for potential investors". More likely it will produce doubt and confusion. Indeed, the measures announced yesterday by Bill English will almost certainly deter foreign investors,...
Mainland-Taiwan trade surges 55.9% in Jan-Jul
Trade between mainland China and Taiwan soared 55.9% year on year to US$81.91 billion in the first seven months of this year, according to Sun Yafu, vice director of the State Council's Taiwan Affairs Office. During the period from January to July, 1,600 Taiwan investment projects worth of US$1.42 billion were approved by...
China- the world's richest poor country
China spent tens of billions of dollars on a dazzling 2008 Olympics. It has sent astronauts into space. It recently became the world's second-largest economy. Yet it gets more than US$2.5 billion ($3.4 billion) a year in foreign government aid - and taxpayers and lawmakers in donor countries are increasingly...
China-Russia energy deals mark 'new era'
China and Russia signed more than a dozen agreements on Monday to boost energy cooperation as leaders of the two countries hailed a deepening strategic partnership. President Hu Jintao and Russian President Dmitry Medvedev witnessed the signing of 15 commercial deals as well as one on fighting terrorism, separatism and...
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