The Lion Awakes
News at a Glance
A compilation of Headlines + Brief Summary from Chinese & International Publications relating to China.
Just 5 Minutes each day to be up-to-date on the News of China
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China Daily Special Feature
Property policy watch
Editor's Note: China has taken a series of measures in recent months to curb prices in the residential property market, which soared 11.7 percent in March. This indicated a possible bubble. The market's reaction to the policies is complicated: Transaction numbers decreased, but experts and developers are of different opinions about what prices will do. Here we prepared some facts and opinions so you can make your own judgment
Climate forum paves way to Cancun meet
The event will also serve to strengthen climate change talks and help the Cancun conference - scheduled for the end of the year - achieve a legally-binding document, a top policy advisor has said.
From Friday, about 20 climate change and environmental ministers from such countries as Denmark, Germany and Mexico will join 600 officials, experts and entrepreneurs worldwide at a high-level climate change forum in Beijing.
"As the host, we aim to create a platform for key players worldwide to exchange thoughts and positions," said Zheng Xinli, executive president of the China Center for International Economic Exchanges (CCIEE), an influential think tank headed by former vice-premier Zeng Peiyan.
From Bonn to Cancun
A three-day United Nations climate change meeting attended by negotiators from more than 180 countries was concluded in Bonn, Germany over the weekend, kicking off a fresh start for this year's international negotiations on a calendar for future climate change talks.
The UN climate talks will pave the way for the UN Climate Change Conference scheduled from Nov 29 to Dec 10 in Cancun, Mexico. Participating countries should demonstrate their utmost sincerity and quicken negotiations if the Mexico conference is to generate more results than last year's Copenhagen summit.
China has been actively pushing for international efforts in tackling climate change. It has also set its own goals in emission cuts toward 2012, winning the country much acclaim in the international arena.
The Chinese delegation has identified three major tasks to be fulfilled in the Mexico conference: Quantified post-2012 emission targets for developed countries bound by the Kyoto Protocol should be confirmed; Developed countries that have not endorsed the protocol should determine comparable emission goals; Developed countries should provide practical support to developing countries in climate funds and technology transfer.
China makes rapid new energy strides
BEIJING - China will take radical measures to increase the use of new energy in the 12th Five Year Plan (2011-15), a move that reinforces the nation's commitment to improve the energy mix and reduce pollution.
Development of new energies, including nuclear, hydro, wind and solar will be highlighted in the country's 12th Five Year Plan for the energy industry, said industry sources. The four sectors are also the most developed new energy resources in the country at present.
Zhou Xi'an, an executive with the National Energy Administration (NEA), told reporters earlier that development of nuclear energy, wind energy, solar energy and biomass energy, as well as clean coal technologies would account for an integral part of the country's 12th Five Year Plan for the energy industry.
Becoming greener from the ground up
BEIJING - At half past six in the morning, while half of Beijing is still lingering in bed or enjoying a leisurely breakfast, Wang Fengqin, a 61-year-old Beijinger, rushes through her busiest hours in the day.
She gets up, gives her face a quick wash, swallows a breakfast served up by her husband and rushes to the four garbage bins beside the gate of the Zaoying Beili community in Beijing's Chaoyang district, where she checks the trash left by local residents to ensure it is classified correctly.
US sets penalties on Chinese copper pipe, tube
The department said in a statement that it "preliminary determined that Chinese and Mexican producers/exporters have sold copper pipe and tube in the United States at margins ranging from 10.26 to 60.50 percent, and 29.52 to 32.27 percent, respectively."
Some nine Chinese exporters, qualified for a separate dumping rate from 10.26 to 34.48 percent, while all other Chinese exporters received a preliminary dumping rate of 60.50 percent, said the US agency.
Capitalism: The evil that's vital to economy
By Zhu Yuan (China Daily)
The market economy did work pretty well. Its combination with the country's current political system created an economic miracle in the past two decades - the two-digit economic growth rate for more than a decade and the substantial improvement of living standards.
Many problems have arisen in step with our rapid economic growth. Corruption has never been so rampant, resources of various kinds have never been so overexploited, the gap between the haves and have-nots has never been so wide and the interests between different social groups have never been so tilted to people with power.
Emancipation of the mind is always necessary. We still need to put capitalism and socialism in the most accurate perspective and to make the most suitable policies for economic development and social progress.
Kaixin - See Special Feature: 30 years of the New Long March 'Emancipation of the Mind'
Regulator Booms Calm Fears of a Real Estate Bust
The Wall Street Journal China RealTime Report
China’s Banks Pose Bigger Challenge for Foreign Rivals
While foreign firms have traditionally found the regulatory environment and staffing problems as the most difficult part of doing business in China, a new factor now looms as the single biggest barrier to succeeding here: competition from domestic banks.
GM's China Sales Rose 41% in April
China Job Squeeze Sends 'Ants' to Fringes
The term "ants"—referring to the graduates' industriousness as well as their crowded, modest living conditions—was coined in a book by Lian Si, a professor at the University of International Business and Economics in Beijing, who in a 2007-09 survey of 600 Beijing-area college graduates found their average monthly income was the equivalent of $300.
Asia Times Online
China switches to e-bikes
By Peter J Brown
An estimated 120 million domestically produced e-bikes are in use on the country's roads today, and somewhere between 700,000 and 800,000 e-bikes operate in Beijing alone. No other nation comes close to this total - an estimated 200,000 e-bikes are being used across the entire United States
(For date use 2010 or 09, 08)