China targets infrastructure to lift economy
China will fast track approvals for infrastructure investment to combat a slowdown in the economy, a state-backed newspaper reported on Tuesday, showing how Premier Wen Jiabao‘s call for policies to support growth is being put into action. The pace of investment in the likes of roads, bridges and real estate is running at its weakest … Continue reading »
Abuse of air force car to clear the way for wedding motorcade in Nanjing, China
Reports by Singtao Daily, Jiangsu Broadcasting Corporation and people.com.cn: An air force car was seemingly used to clear the way for a wedding motorcade in Nanjing, and made quite a show. It raised quite an uproar. Yesterday, the relevant authority said its verification proved that an air force license was used “unlawfully.” The license has … Continue reading »
Beware of North Korean navy pirates and army robbers
The kidnapped Chinese fishing boats have returned home, but that is not the end of the story. Hong Kong and even Chinese Mainland media reports clearly show that the kidnappers are North Korean navy in short supply of everything. China’s Oriental Satellite TV interviewed the ship owners and found that the kidnappers are in North … Continue reading »
Chen should return to China, Prof. Cohen
According to Hong Kong media, Prof. Jerome Cohen, who made a great contribution in helping Chen Guangcheng move to America, is of the opinion that Chen should go back to China when he has completed his study, but it depends on the situation there. SCMP’s Teddy Ng reports that Prof. Cohen said “He (Chen) wants … Continue reading »
China eschews fiscal fanfare for supportive spending
China‘s focus on fine-tuning monetary and fiscal policies to fight the risk of a sudden economic slide worries investors pricing in a sixth successive quarter of slowing growth with no obvious sign of the solid stimulus they want. With domestic activity stifled by government curbs on real-estate speculation, the potential damage to demand for China’s … Continue reading »
U.S. lets China bypass Wall Street for Treasury orders
China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury’s first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People’s Bank of China buys U.S. debt using a different method than any other central … Continue reading »
Beijing will build two more aircraft carriers, Taiwan intelligence
According to Agence France-Presse, Taiwan‘s intelligence chief Tsai Teh-sheng says Beijing plans to build two more aircraft carriers in addition to its first refitted former Soviet carrier. Tsui says construction of the two carriers will begin in 2013 and 2015 and they will be delivered in 2020 and 2022 respectively. Though he says that they will … Continue reading »
Nice … vessel – they have … very impressive.
excellent coverage, Craig! you are an amazing resource, thank you 🙂