China number two on Fortune 500 list
Two years after eclipsing Japan as the world’s second-largest economy, China on Monday stole the number-two spot on the Fortune 500 list of the biggest global companies from its Asian rival. In its annual revenue rankings, Fortune magazine said that China overtook Japan for the first time, landing 73 companies on the list compared with … Continue reading »
More changes in North Korea due to China’s influence
In my post at the beginning of this year, I described the lack of loyalty to the Kim Dynasty reflected in Korea media’s New Year editorials. I pointed out that the Kim Dynasty would collapse if the new leader failed to carry out a reform to feed his people and improve their living standards. The … Continue reading »
China to build £3bn theme park in Tibet
Authorities in China have begun work on a £3-billion development aimed at luring more tourists to Tibet. It will see the construction of a theme park, a commercial district and a residential area on the outskirts of Lhasa, the capital of the troubled region, according to Chinese state media. In an attempt to highlight the … Continue reading »
Tremendous changes in North Korea in response to China’s success
Britain’s Daily Mail says in its report entitled “North Korea rebranded: Kim Jong Un attempts to give country new image by allowing residents to have mobiles and eat pizza”: “North Korea’s supreme leader Kim Jong Un is stepping up his attempt to rebrand his nation by relaxing a series of laws, it was claimed today. … Continue reading »
After orbiting space lab, China wants an undersea lab for deep sea mining
Imagine, for a moment, that the year is 2034, and China has just declared ownership of a massive copper mine deep below the surface of the Western Pacific. Although the site was first discovered and repeatedly explored by robotic submersibles from other countries, China is the first to send a manned vessel to the depths. … Continue reading »
China’s new entry-exit laws for foreigners
The first overhaul of Chinese immigration laws since 1986 promises to include some of the most severe punishments for unwelcome foreigners to date. Don’t panic just yet, though; these provisions won’t go into effect until July 2013, so there is plenty of time to think about getting legal and paying a visit to your local … Continue reading »
US Technology in China’s new antisubmarine aircraft
Hong Kong newspaper The Mirror magazine reports that China has finalised the development of its newest large antisubmarine aircraft Gaoxin-6, and will formally commission it in the future. Gaoxin 6 is equal to or surpasses US P-3C antisubmarine aircraft in its functions and will greatly enhance PLA’s antisubmarine capacity. The report says that only Russia, … Continue reading »
The mystery of China’s security tsar Zhou Yongkang
SCMP reports on China’s security tsar Zhou Yongkang’s speech, carried yesterday in Qiushi Journal, the Chinese Communist Party (CCP)’s political theory magazine. SCMP says that Zhou condemns “the use of torture and the suspicious deaths of suspects” in a speech to law enforcement cadres. It is “a move seen as an attempt to distance himself … Continue reading »
China’s second interest rate cut in month
SCMP says, “China made a surprise move yesterday to cut interest rates for the second time in a month. At the same time, the European Central Bank cut interest rates to a historic low and the Bank of England took steps to further ease credit. “While the moves by the three central banks don’t appear … Continue reading »
Win-win situation for local and foreign investors – bridging digital divide in China
Apple hasn’t had it easy in China. Back in 1998, Chinese company Proview, which has been semi-defunct for quite some time, produced a device that came to be known as Internet Personal Access Device or iPAD. Proview’s IPAD does not share any of the features of Apple’s tablet as we have come to know it, … Continue reading »
China ‘stockpiling rare earths for strategic reserves’
China has already started the purchase – using state funds – and storage of rare earths for strategic reserves, the China Securities Journal said, but did not say exactly when the initiative was launched. The country produces more than 90pc of the world’s rare earths, which are used in hi-tech equipment ranging from iPods to … Continue reading »
South China Sea patrol fleet’s formation drill
According to xinhuanet.com, China’s fleet of marine surveillance ships on regular patrol in the South China Sea conducted a formation drill on July 2. At 8:00 am on July 2, Marine Surveillance Nos. 83, 84, 66 and 71 set out from anchorage to the northeast of Yongshu reef after a short rest. At 8:30 am, … Continue reading »
Craig Hill Media and Consulting 
Discussion
No comments yet.