Just as the earthquake shook China last month, the ground has also shifted under the Tibet issue. It seems the protests and counter-protests did not go into a black hole, but are having some effects on the media. But the exiles and their supporters aren't ready to pass up on such a good chance in this Olympic year yet. They are elevating the profile of a different lama. Between … [Read more...] about Briefs on Tibet: Action and Reaction
China's forex reserves larger than those of G7 combined
Today's Xinhua article brings to our attention that China's forex reserves have ballooned to $1.76 trillion as of the end of April. To put this number in perspective: it is about 15% of the US annual economic output. Before people get carried away, allow me to explain what the forex reserves is not: it is definitely not the government's money, so there is no sense in talking … [Read more...] about China's forex reserves larger than those of G7 combined
China phases out thin plastic bags
In the deluge of earthquake news, something like this that affects daily life in China has managed to slip under the radar. This article describes a situation that people in China are already aware of. At least in Shanghai, it's said that an extra charge will be imposed to get your goods in those familiar plastic grocery bags. Details: The Chinese government is set to ban the … [Read more...] about China phases out thin plastic bags