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9th of May 2011


The Lion Awakes 

Daily News, Culture & Current Affairs about China











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People's Daily


China leads world in clean-tech production

China is leading the world in vigorously growing clean-technology industry, an area that helps fight the planet’s climate change, the World Wildlife Fund for Nature reported.

Although Denmark earns the biggest share of its national revenue from producing windmills and other clean technologies, no country can match China's pace of growth in the clean-tech sector, the Fund said.

China's production of green technologies has grown by 77 per cent a year, said a report commissioned by the World Wildlife Fund for Nature, which was disclosed yesterday.

See Kaixin's - GREEN CHINA


Wind industry out of ferocity in China

Just a couple of years ago, Chinese wind equipment makers were mainly focused on how to compete with global leaders like Vestas of Denmark and General Electric of the United States in the fast-growing domestic market. Today, some of them have become world-class names themselves and now face a new challenge: How to cope with a buyer's market.


Chinese vice premier stresses reforms and innovation in economic development

Chinese Vice Premier Li Keqiang shakes hands with construction workers on May 6 during an inspection tour in Fujian province. He underscored the importance of reforms and innovation in the country's economic transformation in Fujian.



China rises to top in ranks of ship makers

China, if measured by the number of ships it produces and the number of orders it receives for such vessels, is the foremost shipbuilder in the world.
Still, the country needs more time to become a real superpower in the shipbuilding industry, said a senior industry official.


Chinese are top spenders in France

Chinese tourists have, again, topped a list of big spenders in France. A record 57.4 million Chinese took out-bound trips in 2010 - the fourth-largest number worldwide according to the United Nations World Tourism Organization - an increase of 20.4 percent from the previous year.


China looks to bolster defenses against pirates

China is mulling over new ways to protect ships and sailors from being hijacked by pirates in the Gulf of Aden and in waters off Somalia, according to the water transport authority.

To that end, it is also calling for international cooperation in the fight against piracy.


Highlights of China's sixth national census results

China has put its excessive population growth under effective control, and has greatly improved the population quality, entering a stage of low birth and death rates, according to the results of the country's sixth national census published on April 28.

Excessive population growth under control

Ma Jiantang, director of the National Bureau of Statistics, said that according to the census data, China's population increased by 73.9 million or nearly 6 percent from 2000 to 2010, representing an average growth rate of nearly 0.6 percent per year. However, its population increased by 130 million or nearly 11 percent from 1990 to 2000, representing an average growth rate of more than 1 percent per year.

The net population growth over the 2000-2010 decade stood at 56 million people less that of the previous decade.

This shows that China's family planning policy has been effectively implemented, and the excessive population growth has been brought under control. The slower growth rate has reduced the population pressure on the environment, and laid a solid foundation for the rapid yet steady economic and social development.

Steady decline in illiteracy rate

China's urbanization increasing

Eastern China's population proportion increase reflects China's growing economic vitality


China calls for top-notched peace research institutes

By Li Hongmei

If war and peace is a duel eternal theme throughout the human history, the recent years has witnessed war-dominant international scenario. Hence, it is highly advisable for China to build up the globally notable "peace research institutes" or "peace and development research institutes," which will act as the most authoritative think tank assisting the government in its domestic and foreign policies decision by offering information, documents and wisdom.

As a matter of fact, U.S. and European countries have moved far ahead of China in this regard. The independent "peace institutes" have actually turned out to be the indispensable think tank for Heads of States when they hammer out foreign policies. Just to name a few.


Controlling inflation is top priority

By Li Hong

The State Council's hopes of staving off elevating prices and controlling annual inflation within 4 percent at the end of this year seem increasingly elusive, as the policy-makers' reluctance to step up tightening in the first five months would cause bigger credit and asset bubbles in the coming months.


Caution on changing family policy

By Li Hong

The mounting calls by some scholars and demographers to relax China's iconic family planning policy is good-willed, fearing a depletion of labor pool would shortcut the economic boom and intensify the country's aging. But, any revision of a highly successful basic state policy warrants caution.

It is particularly intriguing that more and more foreign demographers join some Chinese research fellows in insisting Beijing abandon the one-child policy in all Chinese cities, and allow every couple to have two children. These experts contend China's low birthrate, once an economic advantage, is now destined to clip the country's rise.

We cannot fathom how many newborns will arrive if the policy sluice is lifted. However, considering China now has an urban population of 630 million, twice the total population of the United States, we are really unsure of our cities' ability to accommodate an ever larger populace.

The one-child policy, planned and promulgated in late 1970s, is an integral part of Mr. Deng Xiaoping's reform package.





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China Daily


Standards for nuclear safety to be boosted

CHENGDU - Emergency procedures will be upgraded to ensure nuclear safety in China following the Japan crisis, a senior official said on Sunday.

Ongoing safety inspections show that existing emergency procedures require further improvement to deal with multiple disasters, as happened in Japan, Liu Hua, head of the nuclear safety and radioactive safety management department under the Ministry of Environmental Protection, told China Daily.


China's yuan hits new high against USD

BEIJING - The Chinese currency renminbi (RMB), or the yuan, Monday gained 15 basis points from the previous trading day to hit a new high of 6.4988 per US dollar.

The yuan first broke the symbolic 6.50 ratio against the US dollar on April 29, when it was set at 6.4990.


ASEAN aspires for greater role in world affairs

JAKARTA - As ASEAN is marching toward the 2015 integration goal, the bloc starts considering playing a bigger role in regional affairs as well as on the global front.

Indonesian President Susilo Bambang Yudhoyono, when speaking at the opening ceremony of the 18th ASEAN Summit on Saturday, said one of the top issues the 10-member bloc should now take into serious consideration is a vision for ASEAN in post-2015 period.

"We have to ensure successful discussions on the urgent need for a post-2015 vision for ASEAN, namely the role of ASEAN community in a global community of nations," he said.

"ASEAN community in a global community of nations", which is also the theme of the ongoing summit, indicates the bloc's growing aspiration to participate in world affairs at the same level as established powers, analysts said.


Property developers struggle as govt cools market

BEIJING -- With the government's ongoing and persistent efforts to cool the red-hot property market, Chinese property developers are struggling to sell properties while becoming more encumbered with debt.

The debt of the country's property developers rose 41.27 percent year on year to 1.05 trillion yuan ($61.53 million) by the end of March, the Wind Information, a Shanghai-based financial data provider, said in a recent report.

Of 113 listed property developers that had filed their first-quarter reports to Chinese stock exchanges, 25 reported profit losses and 42 registered slower profit growth rates from January to March. Most of them are small- and medium-sized property developers.

See Kaixin's


Rural residents get same voting power as urbanites

BEIJING - China's rural residents are enjoying the same voting rights as urban dwellers for the first time in ongoing elections for lawmakers at the county and township levels.

The new round of elections was launched when a two-day training session on elections started in Beijing on Friday.

During the elections, which are held every five years, more than 2 million lawmakers at the county and township levels are elected in more than 2,000 counties and 30,000 townships, according to China's top legislature, the National People's Congress (NPC) Standing Committee.

The latest elections are the first since the adoption of the new Electoral Law in March 2010. The law requires "both rural and urban areas have the same ratio of deputies to the represented population in elections for people's congress deputies".

The amendment to the electoral law was regarded as part of China's efforts to narrow the urban-rural gap by ensuring both segments of society have the same voting rights.

Statistics show that more than 900 million people will vote for lawmakers at the county level and more than 600 million will vote at the township level.


High-tech science park gets big boost

Beijing's Zhongguancun area aims for global recognition and growth

BEIJING - Zhongguancun may be hailed as China's most famous village by foreigners. Dubbed as "China's Silicon Valley", the country's biggest high-tech park in west Beijing is not only home to Chinese high-tech companies such as Lenovo, Baidu and, it is also the China headquarters of world-renowned technology companies such as Google, Microsoft and Intel.

As part of China's efforts to build an innovative economy, the State Council, China's Cabinet, recently approved a development plan called the Zhongguancun National Innovation Demonstration Zone (2011-2020) that allows companies in the area to try out new measures and pilot projects.

The plan, which includes a drive to boost the total revenues of companies in Zhongguancun to 10 trillion yuan ($1.8 trillion) in 2020 from 1.55 trillion yuan last year, is designed to help the area become one of the world's most famous technology hubs. The predicted income increase will come from increased sales on the back of tax incentives for companies moving there and research and development subsidies.

Zhongguancun-based companies garnered business revenues of 380 million yuan ($69 million) in the first quarter of this year, up 12 percent on a year-on-year basis. The State Council recently approved a development plan called the Zhongguancun National Innovation Demonstration Zone (2011-2020) that allows companies in the area to try out new measures and pilot projects.


Bank of China taps Cambodian market

PHNOM PENH -- Bank of China has officially begun its branch in Cambodia on Saturday, and its Phnom Penh Branch is the first lender from China in the country and is the Kingdom's 30th commercial bank.

Deputy Prime Minister and Finance Minister Keat Chhon believes that the bank's presence here would contribute to the development of Cambodian economy.

"The bank will provide advantages and positive inputs to Cambodia to boost its banking industry and economic growth," he said during the launching ceremony, which was attended by about 200 bankers, local and Chinese businesspeople in Cambodia.


Concerns over international board

Analysts fear B-share market may be rendered redundant by bourse

SHANGHAI - Shanghai's long-awaited international trading board has come under intense scrutiny after a flurry of recent media reports that China's regulator has selected 10 foreign and overseas companies to offer yuan-denominated shares for sale to domestic investors.

While the new development has thrilled many investors at a time when the Chinese bourses are in the doldrums, analysts have remained skeptical. They pointed to potential problems in share price evaluation, unpredictable capital flow and supervisory issues. What's more, the international board, as proposed, could render the B-share market redundant.

B Shares - foreign-invested shares issued domestically by Chinese companies and subscribed and traded in foreign currencies - have been mired in low volume trading for years.


Big plans for 'Beijing' brand cars

BEIJING - The nation's fifth-biggest carmaker Beijing Automotive Industry Corp (BAIC) has laid out a blueprint to join the ranks of the Fortune 500 and the world's top 15 automotive companies by 2015, it announced at the recent Shanghai auto show.

The ambitious goal will be bolstered by its own-brand cars, which is the "most important" of its business plan over the next five years, the company said.



Witness of Tibet Photography Contest and Exhibit

2011 marks the 60th anniversary of the peaceful liberation of Tibet, and the magazine China's Tibet and Federation of Literary and Art Circles of Tibet Autonomous Region are jointly holding a "Witness of Tibet, 1950-2010" photography contest. In addition to prizes, all winning works will be exhibited in Beijing and Lhasa in May 2011.

See Kaixin's - CHINA & TIBET & Jambhala (Photographer)





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XinHua News



Chinese top political advisor stresses environment-friendly economic development, people's livelihood

CHENGDU, May 8 (Xinhua) -- Chinese top political advisor Jia Qinglin has urged southwest China's Sichuan Province to speed up environmentally friendly economic development and improve the people's livelihood during an inspection tour in the province.


Chinese vice premier stresses reforms and innovation in economic development

FUZHOU, May 8 (Xinhua) -- Chinese Vice Premier Li Keqiang has underscored the importance of reforms and innovation in the country's economic transformation during an inspection tour of China's eastern Fujian Province.



Special envoy of Chinese president attends Djiboutian president's sworn in ceremony

DJIBOUTI, May 8 (Xinhua) -- China's Minister of Civil Affairs Li Liguo attended here on Sunday the inaugural ceremony of Djibouti's President Ismail Omar Guelleh as the special envoy of Chinese President Hu Jintao.

President Guelleh ...aimed at transforming one of Africa's smallest countries into a Red Sea hub.


Seventh cross-Strait forum concludes, 19 joint proposals adopted

CHENGDU, May 8 (Xinhua) -- The seventh Cross-Strait Economic, Trade and Culture Forum closed Sunday in Chengdu, capital of southwest China's Sichuan Province, with the adoption of 19 proposals for the promotion of cross-Strait cooperation in various fields.

See Kaixin's - CHINA & TAIWAN


Pakistani PM praises China's successes

ISLAMABAD, May 8 (Xinhua) -- Pakistani Prime Minister Yusuf Raza Gilani Sunday lauded China's successes in various fields and said the success is a matter of great pride for the people and the government of Pakistan.

"Today China is the world's second largest economy. China has achieved this success through hard work, ingenuity, and above all the wisdom and vision of its leadership," Prime Minister Gilani said while speaking at a function here marking the 60th anniversary of diplomatic relations between the two countries.


China, EU economic, social committees eye on expanding ties

BEIJING, May 8 (Xinhua) -- The China Economic and Social Council (CESC) would expand cooperation with the European Economic and Social Committee (EESC), a senior Chinese official said here Sunday.







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Studio discussion: How to enforce new rules on fixing home prices

Good regulation, but not so good enforcement? To help answer that, we're joined by our current affairs commentator, Li Yong. Good evening.

Q1:Well, five days since the regulation came in, fixed property prices are still not on show in many real estate offices. As the authorities can't conduct constant checks, what else can be done to enforce the rules?

Q2:Developers who violate the regulation could be fined up to one million yuan, or over 150 thousand US dollars. But the fine is nothing to wealthy developers. Some say the authorities should impose harsher punishments. What do you think?

Q3: There is something in the regulation that's not so easy to carry out, such as how to set fixed prices for second-hand properties. As home owners may ask more than one agencies to sell their properties, how can this area of the market be regulated?


Studio discussion: Is Beijing overdeveloped?

Background: Population growth also suggests higher density. There are, on average, nearly 12-hundred people per square kilometer in Beijing. In the downtown zone alone, more than 23-thousand residents occupy an area of one square kilometer. Chaoyang District, in the eastern part of the city, has the most inhabitants, followed by Haidian and Fengtai. Full story >>

Now let's turn to Professor Du Peng once again ...

Q1: People continue to pour into Beijing, due to the possibility of carving out better lives. But the population density has also become very high. Is the city overdeveloped? And how can all these migrants settle down, and pursue prosperous futures in the capital, under such conditions?


Studio interview: Reasons and measures to alleviate power shortages in China

For more on the power shortage, we are joined by Li Yong, our current affairs commentator. Hello.

Q1, The unusual timing of this power shortage is a big concern for both enterprises and the government. Traditionally, the summer peak is when a power shortage is likely to take place. What has caused this early power shortage?

Q2, Excessive demand of electricity is thought to be one of the reasons behind this power shortage. But on the other hand, short supply of fuel is making the situation worse. What measures need to be taken to alleviate the situation?


Unmarketable vegetables a headache for farmers

Unmarketable vegetables have become a headache for farmers all over China. Two weeks ago, a farmer committed suicide due to the slump in vegetable prices in Shandong Province. During the following investigation, CCTV reporter Zhang Shuo finds out that the vegetable problem is not unique.

Tons of cucumbers piled up... waiting for wholesalers to buy... but no one comes.

Waiting in vain has become a daily routine here for Laokou villagers in south China's Guangxi Zhuang Autonomous Region.


China: Bin Laden's death positive to anti-terrorism efforts

Chinese Foreign Ministry spokeswoman Jiang Yu said that the death of Osama bin Laden was a milestone, and a positive development for international anti-terrorism efforts.

She added that China has always opposed terrorism in every form and has been actively participating in global anti-terrorism efforts.


Millions begin May Day getaway

China's three day Mayday weekend has begun with millions of people heading to the country's scenic and historic spots and festivals.

Eighty thousand people have come to Xi'an in north-west China's Shaanxi province to admire the flowers.

It's the first peak of visitors since the opening of the International Horticultural Expo.

The nearby, Huashan Mountains have also seen a five percent increase in visitors compared with last year.

Tourist Guide said, "My customers reacted positively to the expo yesterday, and they insisted on visiting Huashan Mountain because it's so famous."

Along the ancient silk road, Mogao Grottoes in Dunhuang city have seen a doubling in the number of tourists from around the world over last year, with a range of activities to take part in. (pics of camel riding and sand-skiing)

From the sandy areas and to high up on the snowy mountains, people are grasping the last remnants of winter.

In the northeast of China, and due to its high altitude, Changbai Mountain is still white although most of China is blossoming with spring.

"In my hometown, it's more than 20 degrees Celsius, It's pretty warm. And it's surprising we can see snow up here." Tourist said.

More than three thousand visited Changbai Mountains on a single day, another 30 per cent increase.


Xi'an World Horticultural Expo opens

Things are blooming in Xi'an, capital of northwest China's Shaanxi Province. It's playing host to the 2011 World Horticultural Expo.

A ceremony has been held to mark the start of the six-month event.

The theme is the co-existence between nature and mankind. The Expo boasts more than a hundred exhibition sectors.


"Meet in Beijing" arts festival kicks off

"Meet in Beijing", the largest and most reputable spring time art festival in China, was kicked off in Beijing on Wednesday. An exceptional show featuring both Peking and western opera opened the 11th year of the event at the Poly Theater.

What kind of chemistry do you get when a 200-year-old Chinese stage art meets western opera, which was born in the early 16th century? The opening ceremony of "Meet in Beijing" provides a very harmonious answer.



Studio discussion: Significance of Premier Wen's Asia visit

For more analysis of Premier Wen Jiabao's visit to Malaysia and Indonesia, we are joined by our current affairs commentator, Professor Tao Wenzhao. Thank you very much for being with us, professor.

Q1,What's the significance of Premier Wen's visit to the two countries?

Q2,How do you think the premier's visit will affect the situation in the entire region of East Asia?

Expert's analysis on the result of 6th national census

Background: China's State Information Office has release the results of the country's sixth national census. Ma Jiantang, Director of the Bureau of Statistics, who is also the deputy director of the census team, fielded questions from reporters. Full story >>

Topic 1: Will aging population affect China's economy?

Q: Mr. Wang, do you think that with the rapidly aging population, China may soon be unable to sustain the fast economic growth it has experienced over the past three decades?


Studio discussion: Will family planning policy end?

Now, we are joined by Mr. Wang Feng, an expert on China's demographic and social change, from the Brookings-Tsinghua Center in Beijing.

Q1: Do you think the significantly slower rate of population growth will lead policymakers to consider putting an end to the family planning policy?



Studio discussion: Reason behind urban population increase

Background: China's urban population had risen to 665.57 million, accounting for 49.68 percent of the country's total population by Nov. 1 2010, official figures released Thursday indicated. Full story >>

Q:Mr. Wang, what's the reason behind the dramatic increase in the urban population over the past decade?



CCTV DOCUMENTARY SERIES - Journeys in Time, The Untold stories from the Summer Palace (A series of 10 Documentaries)


This is Tibet - TV Series

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Archive of Stories







Global Times

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The UK taught the world how to produce in the 19th century, the US showed the world how to consume in the 20th century, and China needs to demonstrate how to develop in a sustainable way in the 21st century.



Beijing refutes claims of unfair business practice

China defended its business environment on Thursday after US Commerce Secretary Gary Locke lodged complaints in that regard, less than a week ahead of the two sides' annual Strategic and Economic Dialogue.


Population growth can solve aging issue

The latest population census indicates that the numbers of both Chinese senior citizens above 60 and of the floating population rank top in the world.

In the past decade, Guangdong Province became the most populated place in China, and Henan dropped from being top to the third most-populated province. No country except China has seen such significant changes in population distribution.

China's population balance system has partially failed. The western development strategy cannot reverse the trend of increasing population in the eastern regions. As to the expansion of large cities, there is no sign of this trend changing. Society seems to accept it, and life in large cities is organized around the process. Our society also seems to be giving up on avoiding resource limits in large cities.

In the past, public opinion paid most attention to the aging problem in China as it is also being faced in Europe and Japan. Their examples could be used by China to handle the issue.  Because China has a large population base and the aging problem is more serious in the eastern region, such problem has a good chance of being diluted.


Labor strikes do not herald revolution

Some truck drivers in Shanghai went on strike last week to express their discontent over rising costs. The Shanghai municipal government responded by cutting the fees over the weekend and quickly defused the tension. Trucks laden with cargo containers are operating as usual once again at China's busiest port.

This is a typical event with clear labor interests at play. It can be assumed that similar incidents will continue to occur.

Due to the broadening of China's market economy, interests will be further differentiated, and it will become tougher to avoid clashes among various interest groups. Such conflicts will essentially become a normal part of China's social make-up.

Some Western media outlets have paid close attention to the Shanghai strike, and linked it to the "Jasmine Revolution." Over the past months, more than a few Westerners have politicized any mass event in China, and interpreted it as a fuse to spark a "revolution." Nevertheless, such comparisons have consistently proved to be invalid.

Kaixin OpEd – Kaixin heartily agrees.

Kaixin has observed the ‘western’ media try to push, shove and prod the so-labelled ‘Jasmine’ revolution onto China.

It clearly demonstrates both the agenda of the ‘western’ media and the limited understanding of the journalists and editors.






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A 30 Minute Current Affairs Programme on CCTV - 9 (In English) where current issues are discussed by experts from China and Internationally:





US federal debt crisis

Legacy of May 4th Movement





Carter's ice-breaking trip to DPRK


Sino-Australian ties back on track

Consequences of Arab unrest

Government role in inflation control







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The Wall Street Journal

China's Rising Wages Propel U.S. Prices

HONG KONG—Wages are rising in China, heralding the possible end of an era of cheap goods.

For the past 30 years, customers would ask William Fung, the managing director of one of the world's biggest manufacturing-outsourcing companies, to make his products—whether T-shirts, jeans or dishes—cheaper. Thanks to China's seemingly limitless labor force, he usually could.



U.S. Will Press China to Hasten Yuan's Rise

WASHINGTON—U.S. officials will press China to allow the value of its currency, the yuan, to rise more quickly, amid signs that Beijing may be deciding to move at a faster clip in part to fight inflation.


Sinking Chance of Floating Yuan

Another meeting of the U.S.-China Strategic & Economic Dialogue, another brief surge for the yuan.

The annualized month-on-month pace of appreciation for the Chinese currency against the dollar hit 10.6% in April, from 3.4% in March. In addition to any usual attempt to take some heat out of talks about the yuan/dollar exchange rate, surging inflation has given Beijing a reason to let the currency move higher.

But it will be cold comfort for most of China's trade partners and rivals. The slumping dollar means that even as the yuan has ...



The New York Times

The Outlook for China’s Currency

Laura D’Andrea Tyson is a professor at the Haas School of Business at the University of California, Berkeley, and served as chairwoman of the Council of Economic Advisers under President Clinton.

The demand for tough action by American policy makers fails to recognize that the renminbi has already appreciated significantly relative to the dollar, exaggerates the benefits of a stronger renminbi for the United States and overlooks the benefits of a stronger renminbi for China itself.



Room For Debate

Will China Achieve Science Supremacy?

A recent Times article described how China is stepping up efforts to lure home the top Chinese scholars who live and work abroad. The nation is already second only to the United States in the volume of scientific papers published, and it has, as Thomas Friedman pointed out, more students in technical colleges and universities than any other country.

But China’s drive to succeed in the sciences is also subjecting its research establishment to intense pressure and sharper scrutiny. And as the standoff last week between Google and China demonstrated, the government controls the give and take of information.

How likely is it that China will become the world’s leader in science and technology, and what are the impediments to creating a research climate that would allow scientists to thrive?

    Gordon G. Chang, author and columnist
    Cong Cao, author of “China’s Scientific Elite”
    John Kao, founder of Institute for Large Scale Innovation
    Vivek Wadhwa, entrepreneur and columnist
    Jonathan Moreno, professor of history and sociology of science
    Gang Xiao, professor of physics and engineering


Beijing Blames Foreigners for Its Fears of Unrest (Frontpage)

BEIJING — Foreign groups in China are being subjected to scrutiny, reflecting growing fears of a Western-inspired revolution.

Kaixin OpEd - Excuse the language .... what childish bullshit.

The fact that this article featured on the front page says a lot about the standard and accuracy of the journalism and the agenda of the American media.

See Kaixin's previous OpEds on the subject.


China Said to Plan Campus in Laos

Mainland China university to open Laos branch in 2012

China has long been a favored destination for foreign universities seeking to export their programs, but now a Chinese university is preparing to open the mainland’s first overseas campus.


The Age

Geithner's plea to China on interest rates

Treasury Secretary Timothy F. Geithner will urge China to allow higher interest rates when he meets with Chinese leaders this week, as the US extends its push for a stronger yuan.

Geithner will say China should relax controls on the financial system, give foreign banks and insurers more access and make it easier for investors to buy Chinese financial assets, said David Loevinger, the Treasury Department's senior coordinator for China. Officials from both nations are meeting in Washington today and tomorrow as part of the annual Strategic and Economic Dialogue.


Caixin Online

Chimerica's Slippery Slope to Stagflation
By Andy Xie

Watch for more Fed quantitative easing, slower growth and policy traps in the coming quarters

The global economy is heading toward another double-dip scare, possibly in the third quarter, in what could be a repeat of summer 2010.

Financial markets may stumble in a few months, and that could prompt the U.S. Federal Reserve to introduce a third round of quantitative easing or an equivalent, which would be another step down the path toward stagflation. In this scenario, China's current monetary tightening policy would be difficult to sustain.

HSBC Says Yuan to be Among Top Three Int'l Currencies

The HSBC report also predicted that by 2015 over half of all China's trade settlements will be yuan-denominated, with the total amount reaching US$ 2 trillion

(Beijing) – China's currency, the yuan, is expected to outrank the British pound to become one of the three most favored international trade settlement currencies in the latter half of this year.



These Bonds, Investors Say, Were Made in Hell

Bond holders cried foul, but no one listened, when the Sichuan government pulled an asset transfer trick

Angry institutional bond investors holding a Sichuan Province highway construction company's debt are stirring a hornet's nest over a financial practice that's apparently commonly used by local government financing platforms across China.


Mainland Developers Look to Overseas Financing

Over 20 domestic property firms have raised a combined 62 billion yuan from offshore financial markets so far this year, according to consultancy World Union

(Beijing) – Mainland developers have started to give overseas financing possibilities more than just a glance amid increasingly tighter credit controls at home.


CASS: Home Prices to Fall on Higher Housing Inventory

Government-subsidized low-cost housing has eased supply concerns in the housing market, says the Chinese Academy of Social Sciences

(Beijing) -- China's overall home prices may come down in 2011, partly due to a greater housing supply created by government-subsidized low-cost housing, the Chinese Academy of Social Sciences (CASS) said in a report on May 5.


Asia Times Online

When Attlee met Mao
Passport to Peking, A very British mission to Mao's China by Patrick Wright

Contrary to popular belief, United States president Richard Nixon was not the first Westerner to visit China since the communist takeover in 1949. As far back as the early 1950s there was a steady flow of foreign delegations that came to observe, probe or pay homage to China's mysterious new rulers, but their visits achieved few breakthroughs and were soon forgotten.

Power bubbles are Hu's big challenge
By Francesco Sisci

China side-stepped financial crisis by throwing the lion's share of rescue funds at state-owned enterprises, but this only helped fuel the excesses of these states within a state. Along with democratization to bring murky politics into the open, President Hu Jintao needs a very quick agenda for privatization. With so many having so much to lose, the fight will be tough.

China sees bright side of elite exodus
By Wu Zhong, China Editor

A rising number of rich and talented Chinese are emigrating for investment, study and work opportunities, particularly to the West. This has raised concerns over capital loss and a "brain drain", but is better interpreted as a sign of China's increasing openness and prosperity.


Russia, China clash over oil price, supply
By John Helmer

Four months after the first Russian crude oil started pumping into the Chinese town of Daqing, Russian pipeline company Transneft has charged China National Petroleum Co with violating their supply contract and is threatening to open court proceedings in London.



Obama/Osama rock the casbah

By Pepe Escobar

The more we look at it, the targeted assassination of Bin Laden shows facets of that famous children's toy, the jack-in-the-box.Major powers playing this game - the US and Saudi Arabia - have finally decided they no longer needed a bogeyman conveniently resurfaced on and off to justify anything, from lack of democracy to brutal crackdowns or even drone attacks gone wrong. But why right now?

Kaixin OpEd - Osama - KIA or Assination

Osama's wife rushing a fully armed marine does not sound much of a 'firefight'.

Osama was un-armed and protected by his ..... wife, who was shot in the leg. Sounds like the marines were in complete control of the situation.

Exit the bogeyman .... enter the ??????

Kaixin does not have a huge amount of sympathy for the guy, but the waters are murky, very murky indeed.


Biding time for an orderly rise
By Francesco Sisci

This is the conclusion of a three-part report.
Part 1: China banks on giving peace a chance
Part 2: The China 'threat' as a blessing

Keeping the present geopolitical status quo going is an imperative for China since American-led globalization allows it to concentrate on building economic might with the thought that political clout will follow. But Beijing is in no hurry to take over America's costly military or political responsibilities, and, besides, history tells the leadership to play the long game.



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See Over for the 7th of May 2011






Articles of interest from the week's news

Insights into China's Society & Cutlure



CCTV9 - Rediscovering the Yangtze River



WSJ - A Director’s Message in ‘Buddha Mountain’ + VIDEO

Over the past decade, Li Yu has emerged as one of China’s most provocative art-house film directors. Her movies have often run afoul of mainland authorities because of the taboo and sensitive subjects they take on.

Her latest, “Buddha Mountain,” which opened this week in Hong Kong, also explores potentially delicate social topics but it has been less fraught with troubles over censorship.

Actors from left, Chen Po Lin, Fei Long, and actress Fan Bingbing star in ‘Buddha Mountain.’


Trailer: Buddha Mountain 观音山 - 最新预告片 (范冰冰东京封后!!!)




Feast of tea

An ethnic Dong woman serves oil tea, a mixture of tea and many other ingredients, to guests to the opening ceremony of the Sanjiangchun Tea Culture Festival in Sanjiang county, Liuzhou, the Guangxi Zhuang autonomous region.

See Kaixin's:

The story of the Pu'er Tea 普洱茶 the famous red tea of China.

Chinese green tea -Tie Guan Yin’s story 铁观音

Magic Tibetan Tea - Po Cha 'Tibetan Butter Tea'


Logging on to find Mr and Mrs Right digitally

BEIJING - Li Huijuan is a highly-educated woman who was born in Hunan province and works in Beijing. Her family is pushing her to get married because traditionally in China a woman is supposed to find a husband before she reaches 30. However, in big cities, such as Beijing and Shanghai, the average age for marriage has been postponed to 35 or 40 because of the fast pace of life and work.

Like most metropolitan women, because of her busy work schedule, Li doesn't have much time for meeting people and finding a boyfriend. "A few months ago, some of my co-workers encouraged me to register with an online matchmaking website to find a boyfriend," she said.

Although she is accustomed to using the Internet for online shopping and socializing, it was still a new experience for her to find romance on the Web. "I registered at night," Li said. "I was surprised to receive more than 10 messages the following morning."



High notes of life

Young opera star combines her own passion with seven generations of family tradition

Unlike her peers who were born in the 1980s and are fascinated by modern Western pop music and soap operas, Tan Na focuses her mind on Peking opera, determined to learn and develop the traditional Chinese art.

Tan's success in resisting modern temptations may be due to the long tradition of opera in her family.

Born in 1981 in Beijing, Tan is a seventh-generation descendant of Tan Xinpei, a famous Peking opera artist who lived from 1847 to 1917 and was well-known for his roles of laosheng - a term that refers to elderly male roles.

Tan fell in love with Peking opera at a very young age. In 1992, Tan was enrolled at Beijing Opera School (which is now renamed Beijing Vocational Institute of Local Opera and Arts). Her focus was to play qingyi - a term that refers to roles of faithful wife, lover or maiden in distress.

After graduation in 1998, Tan became a professional performer in Beijing Peking Opera Theater. After that, with the stage name Tan Mingxin, she played different roles in classic operas such as Celestial Beauty Scattering Flowers, Farewell My Concubine and The Drunken Beauty.

Clockwise:Tan Na checks her make-up and puts on an elaborate hair ornament before her performance. The diva performs, sans face paint, singing highlights from the opera Mu Guiying. Elaborate fingerwork and footwork demand hours of rehearsals before a performance. Tan Na (middle) performs another classic, The Drunken Beauty. The actress grips a prop at rehearsal.



Sailing to Yangzhou

It's best to visit Yangzhou in spring, when the gardens and parks are blooming, even if the place is crowded, Zhang Yue discovers.

My trip to Yangzhou coincided with Qingming (Tomb Sweeping) Festival in April and I was worried about the crowds.

I've never been a big fan of scenic spots during holidays because in most cases you will find yourself surrounded by elbows, trying to find a way out.

Luckily, my two-day trip to Yangzhou, in Jiangsu province, was filled with pleasure.

My interest in Yangzhou was aroused by a Tang Dynasty poem written by Li Bai about 1,300 years ago - "Sailing to Yangzhou in March when blossoms curl like smoke on the river".

Five Pavilion Bridge, built 500 years ago on Slender West Lake, in Yangzhou.






Literally meaning "sun and moon in heart" in Tibetan, Shangri-La, located in Diqing Tibetan Autonomous Prefecture of Yunnan province, covering 23,870 square kilometers, is a well-know tourist spot, an ideal home only found in heaven.

Not everybody has read the book - lost horizon (1933), but few would not recognize the name of Shangri-La, a heaven away from the turbulent mundane world.


Precious Jade Dew Tea faces risk of disappearing in Hubei

A tea maker screens fragmentary tealeaves with a sieve to make Enshi Yulu Tea or Jade Dew Tea in Enshi Tujia and Miao Autonomous Prefecture, central China's Hubei province, April 30, 2011. The Jade Dew Tea, originating from the Tang Dynasty (618-907) and popular during the Qing Dynasty (1616-1911), is one of the very few types of steamed green teas in China. The fresh tealeaves can only be processed from early April to early May with tealeaves steamed first and then rolled, dried and picked totally by hand. During the process of making the tea, the tea makers have to stand for a long time and have hands bear high temperature, so very few young people are now willing to learn the skill, making the craftsmanship on the verge of death. Li Zongmeng and Lei Yuangui, professional Jade Dew Tea makers, have been engaged in manually making the tea for 40 years here.

See Kaixin's:

The story of the Pu'er Tea 普洱茶 the famous red tea of China.

Chinese green tea -Tie Guan Yin’s story 铁观音

Magic Tibetan Tea - Po Cha 'Tibetan Butter Tea'



WSJ - Art’s Obsession With Mao Zedong

Would you hang a picture of Mao Zedong in your home?

Many people do, says Eric Chang, the international director of 20th-century Chinese art and Asian contemporary art for Christie’s in Hong Kong. In the auction house’s sale of Asian contemporary art — on May 28-29 — the face of Chairman Mao will be a recurring theme.

Wang Guangyi’s ‘Mao Zedong — No. 2 of Red Box’


Food safety concerns drive Chinese back to the farm

To say that Shen Huiqiang, a former real estate executive, is passionate about organic farming would be a gross understatement. Three years ago, the 32-year-old Zhejiang native quit a 200,000-yuan-a-year job in Beijing to return to his hometown, where he put his entire 400,000-yuan-in-savings into a new home for him and his wife and parents, and a 40,000-square-meter farm he leased from local farmers. Shen had decided to live off the land.

You are what you eat: Former-executive-turned-organic-farmer Shen Huiqiang proudly shows his naturally-grown corn from his own field.


Hangzhou cartoon festival kicks off

The seventh International Cartoon Festival has kicked off in Hangzhou, east China. The event will last for six days until Tuesday.

With the theme "cartoon my city and cartoon my life", the Hangzhou cartoon festival holds multiple events including exhibitions, competitions and forums.

More than 300 foreign cartoon companies are attending the event. Hangzhou-made cartoon movie "Dream back to Jinsha City" won the best Chinese Cartoon Award.



Thousands of Beijing residents got into the green spirit last Friday to celebrate the 42nd World Earth Day

During an event organized by Roots and Shoots, artists from China and the United States tried to convey the idea "no waste material is useless" by creating works made out of used paper and plastic.

A wedding gown made of paper, an old tablecloth and a plastic net used to protect packaged fruit was just one of the works on show outside the Capital Library.

"All waste can be turned into art if we make the best of their characteristics," said Cao Zuolan, who made the dress.

As the chief editor of a fashion magazine, Cao likes to design fashionable and environmentally friendly clothes in her spare time, but this was her first attempt at a wedding gown.

A wedding gown made of paper, an old tablecloth and plastic net on show at an Earth Day event on April 23 in front of the Capital Library.

See Kaixin's - GREEN CHINA



1st Beijing international film festival kicked off Saturday

The first Beijing International Film Festival kicked off on Saturday night, April 23, with a star-studded red carpet walk and a grand opening ceremony at the National Center for the Performing Arts.

Among the celebration were heavyweights from Chinese film industry like actor Jackie Chan, Zhang Ziyi, the festival's image ambassadors, and directors John Woo, Peter Chan as well as big names from key international film festivals like Marco Muller from Italy, Cameron Bailey from Toronto and Lee Yong Kwan from Busan.

Renowned director Darren Aronofsky from Oscar-winning film "Black Swan" and Rob Minkoff, helmer of "Lion King" and "The Forbidden Kingdom" also showed up for the spectacular gathering.

This event marks another world shaking event in Beijing after it successfully hosted the Olympic Games in 2008, and a big stride the modern metropolis has made to have the same influence in the world's cinema culture alongside sports.

As the culture center of China, the capital city produced the very first Chinese film "The Battle of Dingjunshan" in 1905 and takes up 50% in the country's film output, said Guo Jinlong, mayor of Beijing at the ceremony.

Jackie Chan and Zhang Ziyi, image ambassadors for the 1st Beijing International Film Festival walk the red carpet at the festival's opening ceremony in Beijing's the National Center for the Performing Arts Saturday night, April 23, 2011.

See Kaixin's - Chinese Movies


CCTV Beijing International Film Festival kicks off at NCPA - VIDEO

One of the most anticipated events in China's film industry this year and the first ever Film Festival in the capital, "Beijing International Film Festival" kicked off at the National Center for the Performing Arts on Saturday. Many renown directors, actors and actresses walked the red carpet.

Organized by the State Administration of Radio, Film and Television and the Beijing Municipal Government, the festival saw Top Chinese film stars and renowned directors such as Fan Bingbing and Feng Xiaogang strut their stuff in front of the Beijing and international media.

Meanwhile, the opening ceremony also saw many international representatives of the movie industry attend including John Woo, Lion King Director Rob Mintoff, actors Edmond Wong and Director Bak-Ming. International movie stars Jackie Chan and Zhang Ziyi were featured as the "Image Ambassadors" of the event, who have contributed much of their efforts on promoting not only the film festival, but also the city of Beijing.


Ethnic Minority Languages Film Festival kicks off

As part of the ongoing Beijing International Film Festival, "China's Ethnic Minority Languages Film Festival" is an event that screens films produced by China's ethnic minority groups. This is the first time that a film festival has dedicated an independent event to ethnic films in the country.

Opened in Jackie Chan Cinema on Monday, the panorama features 30 films from 12 ethnic minority groups, all shot in their native languages with Chinese and English subtitles. All the familiar elements representing the minorities such as the Kazakh yurts, yaks on Tibetan Plateau and Mongolian's Horsehead Zither will show up in the panorama.


Jade necklace worth 200 mln Yuan

A staff member shows a jade necklace worth 200 million Yuan (some 30 million U.S. dollars) in a jewelry shop in Nanjing, capital of east China's Jiangsu Province, April 24, 2011. It took eight years to finish the 199.8 gramme jade necklace.


Serve the goddess who drinks - VIDEO

You spin a prayer wheel. You bring a pot of butter. You prepare a white Hada. And you buy a bottle of wine.

Bringing all the necessary offerings, China Daily's multimedia reporter Feng Xin takes you to Drashilhakang Monastery, in Lhasa, the capital city of Tibet autonomous region, to serve one goddess who drinks.

See Kaixin's -CHINA & TIBET

Chinese tea culture - VIDEO

Q1: Good evening, Zhang Shuo. Can you tell us more about Chinese tea culture?

A1: Yes, tea is the national beverage of China. Chinese are believed to have enjoyed tea drinking for more than four thousand years, the longest in the world. In Traditional Chinese culture, tea drinkers were always considered to be elite and are highly respected by society. Drinking tea also demonstrate personal morality, education, principle and social status. This is why serving tea gradually became an essential part of Chinese social life. In modern China, even the simplest dwelling has a tea set and a water heater for making a hot cup of tea. These implements are symbols of welcome to visitors and neighbors. Traditionally, a visitor to a Chinese home is expected to sit down and drink hot tea while talking.

In Chinese culture, it is also a sign of respect to serve someone tea. A younger person can show respect and thanks to an older person by offering them a cup of tea. This is especially common during big events, like birthdays and during spring festival.

And I want to show you another special occasion where tea is served. It is this, traditional Chinese weddings. In a traditional Chinese marriage ceremony, both the bride and groom kneel in front of their parents and serve them tea. This is a way of expressing gratitude to their elders for raising them up.

Also, in modern China, tea is an important social tool. People go to tea houses, not for the drink, but for a place to meet with people. So the next time, if someone ask you out for a cup of tea, it is actually an implicit way to invite you to a gathering.

Over the course of 4 thousand years, tea has also had a major influence on the development of Chinese culture. Tea is a mainstay in Chinese literature, arts, philosophy and also religion. Tea is connected closely with Taoism, Buddhism and Confucianism. Going back to the Tang Dynasty 15 hundred years ago, drinking tea is seen as an essential part of personal cultivation.

Also starting from the Tang Dynasty is the tea ceremony. From there, the art form spread to neighboring countries including Japan and Korea. Unlike the world-renowned Japanese tea ceremony, the Chinese one emphasizes the tea rather than the ceremony, like the taste of the tea and the difference between various cups.

Considering all those aspects, I believe China has done a very good job in the past 4 thousand years to preserve tea culture. However, during my investigation of the tea market, I found that China is not doing so well in translating this rich culture into a world leading business. Let's take a look.

See Kaixin's:

The story of the Pu'er Tea 普洱茶 the famous red tea of China

Chinese green tea -Tie Guan Yin’s story 铁观音

Magic Tibetan Tea - Po Cha 'Tibetan Butter Tea'



“Riverside Scene at Qingming Festival” - VIDEO

With drumbeats thundering and lions dancing, the Beijing Xicheng District Shichahai Maiden Voyage Ceremony was kicked off on the lakeside of Shichahai on April 20, 2011.

Sixteen sculling boats, built according to the renowned Chinese painting “Riverside Scene at Qingming Festival”, sailed on the lake. The captain of the ship sang traditional sailing songs, taking the guests to enjoy the beauty of Shichahai, an oasis in the heart of Beijing.

The event was designed to recreate the busy scene of the Beijing-Hangzhou Grand Canal from ancient times, as well as to attract more tourists by showcasing the charm of Shichahai at the beginning and the end of the Beijing-Hangzhou Grand Canal.

The ceremony will become an annual event on the date of Grain Rain, the 6th solar term each year.



The joy of school for Tibetan pupils

Tibetan primary school students write sentences and words on a blackboard on April 18, 2011, in Kangding, Sichuan province. The school with a history of more than 60 years has evolved into a model school in local rural areas for its free and boarding education system.


CCTV Ancient Tibetan temples get makeover VIDEO

Let's head to southwest China's Tibet Autonomous Region, where ancient Buddhist temples dating back several centuries are receiving a facelift.

A professional team is hard at work to ensure an authentic restoration at Sera Monastery near the regional capital Lhasa.

The Sera Monastery plays a major role in Tibetan Buddhism and culture.
But 600 years of exposure to the plateau's harsh weather has taken its toll on the temple just north of Lhasa.

See Kaixin's - CHINA & TIBET


Tsinghua in her students' eyes - VIDEO

If you love a place, you dread any moment of it slipping away. So you take pictures.

That's the way a group of Tsinghua students have chosen to record the most treasured years of their lives – the time they spent on the Tsinghua University campus.

After sharing these photos on the Internet for some years, they decided to make an album of their best works as a present for the university's centenary.


Chinese state councilor visits Harvard University

BOSTON, April 13 (Xinhua) -- Chinese State Councilor Liu Yandong says she expects Harvard University to continue playing an active role in promoting exchanges of education, science and technology, and culture between China and the United States.

Havard has shared a long-standing friendship with China and has established fruitful cooperation with several higher education institutions in China in recent years, Liu said at a welcome reception hosted by the world-renowned university on Wednesday.


China mulls legislation on domestic violence: women' s federation

CHANGCHUN, April 14 (Xinhua) - Drafting China's first independent law on domestic violence has already been put on the country's top legislature's agenda, an official with the All-China Women's Federation (ACWF) said.

This would be the country's first independent and comprehensive law on domestic violence, as currently only a few clauses in several other laws, such as the Marriage Law, have addressed some aspects of the offence.




Chinese Women's Research Network (WSIC)


All0China Women's Federation (ACWF)



Women in China