"China unveils first sovereign credit rating report," and this news is spreading like wild fire in the West. One reason is the report ranking the U.S. lower than China. Here is a brief take on it at Seeking Alpha: "The Unthinkable: U.S. Stripped of AAA Credit Rating by Chinese Agency." The English version of the report is here. While Dagong Global Credit Rating Co., Ltd. … [Read more...] about Dagong rates U.S. credit worthiness below China’s and the impeccable timing of the report
economy
Zhang Monan (China Daily): “Towards new financial order”
Zhang Monan is economics researcher with China's State Information Center and frequently appears on China Daily with her "big picture" takes on the global financial system. She is worthwhile following if you wish to understand how China sees the jostling of control between the now currently dominant developed countries and the emerging developing countries for a fairer share … [Read more...] about Zhang Monan (China Daily): “Towards new financial order”
The coming decades explosion of Chinese culture
China Daily has just reported a "Chinese calligraphy work sold for record $57.1M" at the Poly 2010 Spring Auction on June 4, 2010. This record price puts Ming Dizhu's work within the same league as van Gogh and Picasso in terms of how much was fetched from an auction ("Portrait of Dr. Gachet," $139million, inflation adjusted, van Gogh; "Nude, Green Leaves and Bust", … [Read more...] about The coming decades explosion of Chinese culture
Opinion: the Foxconn Incident is a Reflection of the Growing Pains Associated with China’s Traditional Mode of Development
The following is a translation of an op-ed published published in China Review News. May 27, 2010 – Opinion: the Foxconn Incident is a Reflection of the Growing Pains Associated with China’s Traditional Mode of Development The recent spate of suicides at Foxconn in China has brought unprecedented attention to this major international manufacturing subcontractor of electronics … [Read more...] about Opinion: the Foxconn Incident is a Reflection of the Growing Pains Associated with China’s Traditional Mode of Development
COMAC C919, Challenging the Boeing and Airbus Duopoly
The passenger aircraft industry is dominated by Boeing and Airbus. That landscape will start to change in 2016 when Commercial Aircraft Corporation of China (COMAC) (中国商用飞机有限责任公司) officially enters its C919 jetliner into service. It will compete head on against the Boeing 737's and Airbus A320's and is expected to be both cheaper and more fuel efficient. China Daily cited a … [Read more...] about COMAC C919, Challenging the Boeing and Airbus Duopoly