Archive for June, 2010
Chinese baksheesh makes African deals trickier
I had some trouble on my way out of Kenya this January. At the airport check-in, a female staff member said to us very seriously, “Any ebony? Ebony must be checked in and can’t go as hand baggage.” Ebony is a ... Read More
Oil firms may find BP asset race tough
Workers at a CNPC project in Chad. Chinese oil firms have been stepping up their overseas expansion pace in recent years. [Provided to China Daily] Stiff competition from international peers could hamper prospects BEIJING - ... Read More
China strong supporter of South-South Cooperation
“China is both a strong supporter for and an active participant in the South-South Cooperation,” a senior Chinese official said on Tuesday. Yi Xiaozhun, the Chinese vice-minister of commerce, made the statement as ... Read More
Strive for emancipation of mind
What should be to blame for the country’s lack of development over the past couple of centuries? The answers vary. Many Chinese scholars had asserted that the traditional Chinese culture, characterized by Confucian ... Read More
Mining leaves thousands on shaky ground
More than 100,000 people across 49 villages in Jining, Shandong Province, have been forced to flee their homes in order to avoid being sucked into the earth. The culprit is excessive coal mining operations that leave the ground ... Read More
What vuvuzelas can teach about cheap labor
AT the South Africa World Cup, the ubiquitous buzzing of vuvuzelas has triggered complaints from both players and television audiences. While the vuvuzela is widely seen as a South African tradition, few people know that 90 ... Read More
China Launches Nationwide Investigation into Medical Industry Corruption
The Central Commission for Discipline Inspection of the Communist Party of China (CPC) and the Ministry of Supervision and Ministry of Health are launching a nationwide campaign against corruption in China’s medical ... Read More
Farmland sinks as coal mines expand below
IT’S all about state-driven growth at the cost of the environment and distributive justice. Coal mine owners are so rich that they drive luxury cars exceeding your wildest imagination. But peasants are starving, as ... Read More
CNPC goes au natural
China National Petroleum Corporation (CNPC) signed a natural gas deal with China Resources (Holdings) Tuesday, a move to enhance its business in the natural gas sector. The deal includes cooperation in natural gas ... Read More
Chinese banks earn 25% of profits world over
There are 84 Chinese banks sitting in the world’s top 1000 now, though accounting for 9 percent of capital but making a quarter of profits, according to a global magazine “The Banker” tracking banking ... Read More
China remains strong supporter of South-South Cooperation
“China is both a strong supporter for and an active participant in the South-South Cooperation,” a senior Chinese official said here Tuesday. Yi Xiaozhun, the Chinese vice minister of commerce, made the statement as ... Read More
China-Sudan education cooperation benefits students
Some 10 Sudanese students financed by China Harbor Engineering Co Ltd (CHEC), a well-known international contractor, were awarded Master’s degrees by Nanjing-based Hohai University at a graduation ceremony last ... Read More
The Nature of Bribery Scandals in China
Multinational corporations are currently facing unprecedented challenges in China regarding the morality of their business transactions. Rio Tinto employees were recently found guilty for taking bribes from Chinese steel ... Read More