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Society

GDP or Comfortable Life: Chinese Student in Japan

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By David Cao
David Cao
14 February 2011
Hits: 741

Monday marked the end of an era for Japan. The curtain officially fell on its place as the world’s second largest economy, losing that rank to China. But as Asia watchers digest the shift in power and influence, Chinese students in Japan say China’s rise up the GDP ladder is neither a triumphant moment for China nor a woeful one for Japan.

“Even though (Japan) is No. 3 and was overtaken by China, I still think GDP is not a goal. GDP is just a tool for economic development,” said Xie Zhi Hai, a 28-year-old doctoral student at Waseda University in Tokyo. “The real measure is whether people enjoy a comfortable life, and in Japan I can feel that.”

Mr. Xie, who is earning a doctorate from Beijing University and Waseda University, points out that China’s per capita gross domestic product is still just one-tenth of Japan’s.

Read more: GDP or Comfortable Life: Chinese Student in Japan

U.S. government panel Likely to Recommend Reversing Huawei Deal

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By David Cao
David Cao
12 February 2011
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A U.S. government panel is poised to recommend that the president unravel an acquisition made by China's Huawei Technologies Co., after the Pentagon sought review of the deal, people familiar with the matter said.

The Committee on Foreign Investment in the United States is reviewing the telecommunications-equipment maker's $2 million deal last May to buy the assets of 3Leaf Systems, a Bay Area developer of technology that lets collections of server computers work together as a more powerful machine.

huawei

The interagency committee reviews cross-border deals with national-security implications and makes recommendations to the president. A decision by CFIUS on the Huawei deal is due Monday. The transaction still could be approved, and the president is free to disregard a recommendation by the committee.

CFIUS doesn't release information about a company under review, but a person familiar with the CFIUS process said a president has vetoed a foreign transaction only two or three times. Typically, a company will withdraw its application if it gets an indication the committee will recommend against a deal.

Read more: U.S. government panel Likely to Recommend Reversing Huawei Deal

Chinese bosses battle it out for workers

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By David Cao
David Cao
13 February 2011
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Chinese worker lack

Coastal and inland cities are fiercely competing to attract migrant workers as China's labor shortage spreads to less-developed central and western regions.

In Southwest China's Chongqing, many firms have set up booths at railway and bus stations to persuade workers to stay home instead of returning to the coast. Tens of millions of migrant laborers travel by train or bus during the Spring Festival break, which ends on Feb 17.

At the city's North Railway Station on Friday, about a dozen workers told China Daily that they will stay in their hometown if they can get similar wages.

Read more: Chinese bosses battle it out for workers

Single life warmed over for 'leftover' Chinese men and women

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By David Cao
David Cao
13 February 2011
Hits: 1192

Chinese love

More than 70 percent of urban Chinese singles getting nearer to their "expiry date" for marriage are in the grip of depression, according to China's first survey of their mental health.

"Many women who have reached a certain age like me need to make a lot of effort to ward off marriage pressure from our parents, as they keep bringing up the topic," said a 29-year-old woman surnamed Qi in Shanghai.

Qi, who has a good job in a foreign-invested enterprise, said she has seen an increased incidence of depression among the unmarried people around her.

"I admit that I want a husband, but I won't get married only for marriage's sake," she said.

These "leftover" men and women, as they are called in Chinese, are defined by the All-China Women's Federation as single women above the age of 27 and single men older than 30.

The legal age for marriage is 20 for women and 22 for men.

Read more: Single life warmed over for 'leftover' Chinese men and women

China issues academic degrees to 21million students

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By David Cao
David Cao
13 February 2011
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China awarded more than 21 million academic degrees, including 335,000 doctorates, since 1981 when a landmark regulation provided a legal frame for the country's higher education.

The academic degrees also included 2.73 million masters' degrees and 18.3 million bachelors' degrees, according to statistics revealed on Saturday at a meeting to mark the 30th anniversary of the implementation of the country's Regulations on Academic Degrees.

The regulations, adopted in 1980 and promulgated on January 1, 1981, were important as they took the country's education standards on a track of lawful operation and helped boost social standing for knowledge and talents.

Read more: China issues academic degrees to 21million students

More Articles …

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  2. China Nurses Fireworks Hangover
  3. China Kidnap Case Plays Out With Web's Help
  4. ZTE Executive Says U.S. Should Promote Fairness in Business
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Page 118 of 263

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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