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Building the dream

SOME HISTORIANS BELIEVE that Marco Polo never went to China. But even if the 13th-century Venetian merchant did not lay eyes on the coastal city of Hangzhou himself, [...] Read more ...

via Economist
17 Apr 2014

Malaysia airliner search points up China's technology gap

BEIJING — In June 2012, China reveled in a major scientific achievement: The nation's first manned deep-sea submersible, the Jiaolong, had dived more than 4.3 miles into the Mariana Trench in the Pacific Ocean. The feat, state-run media said, put China among the elite ranks of such deep-sea-faring countries as the U.S., France and Japan. Read more ...

via Latimes
17 Apr 2014

How China’s Near-Defaults Avoided Going Bust

When Shanghai Chaori Solar failed to pay the interest on a bond last month, it was China’s first default on such a bond. Or, more accurately, it was the first time investors didn’t get paid. A look at how a number of other companies have managed to avoid defaulting on their domestic bonds. Read more ...

via Wsj
17 Apr 2014

Ai Weiwei’s Reach Draws New Yorkers’ Attention to Free Speech

“Ai Weiwei retweeted me!” exclaimed a young blonde woman, laughing and waving her iPhone in the air with excitement. She and some two hundred other New Yorkers had gathered on the steps of the Brooklyn Public Library at Grand Army Plaza to show her solidarity with the iconic artist-activist currently under close government surveillance half a w [...] Read more ...

via Chinafile
17 Apr 2014

China’s Slowdown Likely to Spur Stimulus, Not Reforms

This week, China announced its lowest economic growth rate in 18 months, falling from 7.7% to 7.4%, in the fourth quarter. The slowdown is widely expected to continue through at least the second quarter, putting pressure on Beijing to dial up stimulus measures while dialing back on structural reforms. Read more ...

via Wsj
17 Apr 2014

China’s losers

ZHU GUANG, a 25-year-old product tester, projects casual cool in his red Adidas jacket and canvas shoes. He sports the shadowy wisps of a moustache and goatee, as if [...] Read more ...

via Economist
17 Apr 2014

China in gold collateral financing shock

This Reuters story about China having up to 1,000 tonnes of gold tied up in financing deals is doing the rounds, courtesy of information out of the WGC.But it's hardly a revelation.We've known that China has been using gold (and almost everything else under the sun) for financing purposes for ages.Goldman even blessed us with a more recent update a [...] Read more ...

via Ft
17 Apr 2014

Is Weibo Really a Threat to Twitter?: Video

Shaun Rein, managing director at China Market Research Group, and Bloomberg's Sarah Frier discuss Weibo's valuation and whether it's a threat to Twitter. They speak with Emily Chang on Bloomberg Television's "Bloomberg West." (Source: Bloomberg) [...] Read more ...

via Bloomberg
17 Apr 2014