From Netease:

China Net March 11 reports, the largest denomination of RMB is too small, 100 yuan notes can no longer meet the rapid growth of economy. CPPCC national Committee member, Chairman of the Board at Hong Kong Yu Zhen Holding Group Co. Ltd. Chen Zhendong (陈振东) submitted a proposal at the CPPCC National Committee yesterday that the time for issuing 500 yuan RMB notes has come.

The rumor of 500 yuan design which has been on the Internet since 2007

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What is this picture about? Why is this poor woman being blocked out by hundreds of Chengguan (City Urban Administrative and Law Enforcements)? [Netease] On December 17, Wuhan City organized over 800 law enforcement officers to forcefully demolish nearly 40,000 square meters of illegal buildings that are near the Wuhan City to Huangshi City railway construction site. The phenomenon of local famers rushing to “grow houses” is very common.

What does “growing houses” mean?

It is yet another unique phenomenon in China, formed in the last couple of years of amazingly fast social and economic development. When the entire nation is being modernized, countless high raises are erected every year, cities are expending and county’s infrastructures are also expending in order to support the economic growth. Highways, railroads and airports; bridges, tunnels and subway systems… are being built in almost every corner in China. This means some of the existing residential and farmland in the rural areas might be in the blue-print of a governments’ huge project. The government pays for development compensations for every house they have to tear down in order to build the development project. This motivated the farmers to build houses everywhere in the rural area of China. When some of them are permitted by the government but most are illegally and cheaply built. They even start to build houses in the agricultural fields therefore people say the farmers are “growing houses” instead of growing food.

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In early 2007, Niall Ferguson coined the term “Chimerica” to describe the economic relationship between the United States and China. At first, in 2007, Ferguson said Chimerica “seemed like a match made in heaven” – the Chinese did the lending, the Americans the borrowing. China and the US accounted for 40 percent of global growth from 1998 to 2007.

» » » » Continue reading ‘The disaster of “Chimerica” – Can both sides be losers?’

International Herald Leader reporter Liu Ke and Pan Linqing reporting from Beijing and Jinan: A highway across Jining Jinxiang county, Jinxiang town in Shandong Province, dense piles of garlic can be seen everywhere on both sides of the road. A few kilometers away, South Dianzi Street is the largest Garlic market in China. People and cars are going in and out of the market; trucks loaded with garlic speeds by. People on the trucks seem to be in a hurry, but they cannot hide their excitement.

“I am not exaggerating, when two people meet here, the topics of the conversation cannot avoid garlic.” 48-year-old Sun Guangcai said, he is a garlic farmer in Jinxiang County. This county is the nation’s largest garlic planting base. Among the 800,000 mu of cultivated land 700,000 mu grows garlic all year round. It has lived up to its name of “China’s garlic capital”. (1 mu = 0.0667 hectare, 1 hectare = 2.471 acres, s0 1 mu = 0.1648 acres)

Since the Spring Festival (Chinese New Year) this year in February, the price of garlic here already rose from 80 cents per kilogram to 8 yuan per kilogram.

» » » » Continue reading ‘The crazy garlic’

[Netease] Chinese TV series “Dwelling Narrowness” has caused national discussion on the continuously raising housing prices currently plaguing the market. Should young people (in China) who were born after 1980’s and just graduated from college be able to buy a home? On this issue, Ren Zhiqiang (任志强) boldly “speaks out directly without reservation”: Young people should not be able to afford houses. (You will find out who this guy is later.)

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“Made in China, it is everywhere”, recently the Commerce Department produced an advertisement of a international image promoting “Made in China” brand and started to air on CNN Asia. This ad is deliberately made to rebuild and strengthen the “Made in China” reputation in the global market.

» » » » Continue reading ‘“Made in China” ad campaign, and its “secrets”’

From NetEase:

China Securities News reported on June 16: China continuously holding of U.S. treasuries has finally stopped. Reporter was informed from United States Ministry of Finance website as of the end of April this year China’s holding of U.S. Treasury bonds was 763.5 billion U.S. dollars which is lower than end of March of 767.9 billion dollars. This means that China reduced about 4.4 billion dollars of U.S. Treasury bonds in April.

» » » » Continue reading ‘China Reduced 4.4 Billion Dollars of U.S. Treasury Bonds in April’

From Oriental Outlook: reporter: Dai Wenming (戴闻名)

Oxford University graduate Jerome Vaughan (方哲伦) came to Shanghai in 2002, in his mind was only “the Bund (外滩) skyline” which was just started to appear in the western newspapers at the time.

» » » » Continue reading ‘“Swimming Style” Survival’

From NetEast:

Editor’s note: The Boao Asia forum 2009 annual meetings are held on April 17th- 19th in Boao, Hainan, this annual meeting subject is “the economic crisis and Asia: The challenge and the forecast”, the following is the factual record of the Central Europe International Industry and Commerce Institute Professor Xu Xiaonian’s answers to the reporter’s questions.

» » » » Continue reading ‘Xu Xiaonian: Shanghai Forever Cannot Catch Up with Hong Kong’

From QQ

China Daily Net Global Online News: Chinese President Jintao HU（胡锦涛）and U.S. President Barack Obama met for the first time face-to-face in London on April. 1^st. The leaders exchanged views on the issues concerning Sino-US relations, international financial crisis and other international and regional matters of common concern between two countries. Barack Obama has already accepted the invitation made by Jintao HU, and he will visit China in second half of this year.

» » » » Continue reading ‘Jintao HU（胡锦涛）and Barack Obama Met For the First Time Face-To-Face, Obama Will Visit China in Second Half of 2009′

From NetEast

Recently, China Unicom CEO Chang Xiaobing (常小兵) while attending IT leaders’ summit in Shenzhen said the rumor of China Unicom is currently about to reach an agreement on a deal with Apple is not accurate. China Unicom is still negotiating with Apple on the deal however the negotiation could succeed or fail.

» » » » Continue reading ‘China Does Not Need iPhone’

From Sohu

Xinhua News, Beijing, March 23rd (Jingjing TAN, Zhengyan XIONG) Reports: Xiaolian HU (胡晓炼), the Deputy Governor of People’s Bank of China indicated on March 23rd that China will continue to invest in U.S. treasury bonds, but at the same time China would also concern about the fluctuations in the value of U.S. treasury assets.

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From NetEast, similar article from USA Today
U.S. 2009 January automobile sales were lowered by 37.1%, it is the lowest ever in 27 years, sales for the first time is lower than China.

» » » » Continue reading ‘U.S. January automobile sales declined to lowest point in 27 years, lower than China for the first time’