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Society

China government debts exceed $1.5 trillion

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By David Cao
David Cao
27 June 2011
Hits: 978

China's top auditor said Monday that the debts of local governments at provincial, city and county levels exceeded 10 trillion yuan ($1.54 trillion) by the end of 2010.

Liu Jiayi, head of the National Audit Office (NAO), said that only 54 county governments out of more than 2,800 had zero debt.

China Guizhou 80 pupils hospitalized in gas leak

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By David Cao
David Cao
24 June 2011
Hits: 921

More than 80 school pupils have been admitted to hospital after inhaling poisonous gas released from a nearby chemical factory, www.gog.com.cn reported today.

According to a teacher from Yucai middle school, Tongzi in Guizhou province, students suffered headaches, choking, chest and stomach pains on Thursday following the leak.

The news comes after 106 pupils from a nearby primary school developed similar symptoms on June 17.

Read more: China Guizhou 80 pupils hospitalized in gas leak

Luxury brands try to bag Hong Kong investors on way to Chinese market

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By David Cao
David Cao
24 June 2011
Hits: 942

The island’s IPO market has lost some gloss – but big firms still see it as a passport to China

THERE IS a strong scent of luxury in the Hong Kong stock market these days, as global brands queue to list on the Hang Seng, keen to take advantage of the territory’s proximity to the booming China market.

Hong Kong’s shopping precincts have long played host to premium names such as Prada and Samsonite; now these luxury firms are filing initial public offerings (IPOs) here.

Hong Kong was the world’s biggest IPO market last year, raising €40 billion from 87 listings.

Read more: Luxury brands try to bag Hong Kong investors on way to Chinese market

Chinese Reopen Debate Over Chairman Mao's Legacy

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By David Cao
David Cao
24 June 2011
Hits: 1152

As China prepares to mark the 90th anniversary of its Communist Party on July 1, there are signs of a new ideological struggle over former leader Mao Zedong's legacy.

The conflict is being played out online amid a backdrop of heightened nostalgia for the revolutionary days, as a young leftist takes on an elderly economist who dared to publicly criticize the founder of the People's Republic of China.

It's been nearly 35 years since the death of Chairman Mao, and the official verdict is that Mao was 70 percent right and 30 percent wrong. That assessment is controversial, given the tens of millions of deaths Mao caused through economic mismanagement and political terror.

Read more: Chinese Reopen Debate Over Chairman Mao's Legacy

Heavy rain attacks Beijing (photo)

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By David Cao
David Cao
23 June 2011
Hits: 1190

Beijing in rain

The heavy rain that hit Beijing on Thursday afternoon has caused flood in low-lying areas and disrupted traffic.

Read more: Heavy rain attacks Beijing (photo)

More Articles …

  1. China economy resilient, for now
  2. China’s economic shock and awe
  3. US, Europe should study Chinese
  4. Gome Files Lawsuit Against Ex-Chairman
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Banking

  • China's Gold VAT trade reform aims to tax free for investment
  • China's digital RMB transactions top 14.2 trillion yuan
  • Renminbi asset appeal spurs dim sum bond market
  • UnionPay International Expands European Footprint with Strategic Partnerships and Enhanced Payment Network
  • China T-bond move seen safeguarding financial stability

Business China

  • Inbound Tourism Poised as Next Growth Engine for China's Service Sector
  • China sees 11.279m cross-border trips during the Labor's Day Holiday
  • Spring Festival Returns Ignite Service Consumption in Small Cities: Leisure and Entertainment Orders Up Nearly 30%
  • China's Auto Output and Sales Hit New Highs in 2025
  • China's record-breaking 45-trillion-yuan foreign trade volume in 2025

Real Estate

  • 21 Chinese cities tighten Real Estate Policy
  • LANZHOU NEW AREA new ghost town in China
  • Chinese invest $110 billion in US real estate
  • China's listed real estate companies post $461b of inventories for 2015
  • Beijing eases restrictions on foreigners buying apartments

Manufacturing

  • China to Build Seamless Asteroid Monitoring Network Covering Solar Blind Spots
  • Solar thermal power station in Jilin sets pace for cold climates
  • China-made C919 transports 5 million passengers in past 3 years
  • China's large drone FP-985 completes pioneering plateau logistics flight
  • China's NEV output tops 16 million units as exports double

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