China recently rejected an American report calling for an appreciation of the value of the Yuan as an unwarranted interference in Beijing’s sovereign decision-making. Hong Lei, a spokesman for the Chinese Foreign Ministry, said the American report demonstrated a “Cold War mentality” and called for “greater efforts to build mutual trust and cooperation” between the [...]
A new finding by the Conference Board, a not-for-profit group in the United States, forecasts that the Chinese economy will soon surpass the American economy with respect to a key economic measure. The measure is called “purchasing power parity.” This measure attempts to gauge the size of an economy according to the number of transactions [...]
China and Germany expressed their disappointment at a recent decision by the US Federal Reserve to inject $600 billion into the US economy, as countries like Brazil warned openly of a “currency war” and, on the home front, Congressman Ron Paul vowed to renew his calls for an audit of the Fed in light of [...]
A gas explosion which occurred Saturday at a coal mine in central China has left 20 miners dead and 17 others trapped. When the explosion happened, around 276 miners were working inside the mine located in China’s Henan province, China’s State Administration of Work Safety told CNN News. So far 239 workers have been rescued. [...]
The United States and some other developed nations are pressuring to make a wide set of economic goals that would likely maintain important nations – particularly China – more specifically responsible for their currency and some other policies. The concept, under debate as financial market leaders attempt to solve a persistent argument over China’s carefully [...]
The excitement abroad and in some local circles at rebel Liu Xiaobo’s succeeding of the Nobel Peace Prize has been unsuccessful to cover further nervousness that his success will probably bring slight revolution in Communist Party governed China. Liu, 54, has been a prickle in the administration’s side since 1989 when he joined up with [...]
It is reported to have forty three people being lost to their lives in a plane crash in northeast of China on Tuesday night, reported by state run media. Though, not all the passengers have lost their lives many are reported to be rescues from the remains at the Yichun airport, says the media reports. [...]
Web users have been struggling to digest the fact that a 10 month old baby, dubbed as ‘Michelin baby’ is enormously big. Imagine a 10 month old baby looks like a 5 year old kid. It is bizarre to find such a small baby growing so big in such a short time. The Michelin baby [...]
For many, an iphone could be expensive, some may buy, and won’t find it hard to drill a hole in their pocket and spend $199, or pay more to acquire a higher priced iphone model. What about those who are not able to purchase an iphone? They would certainly love to convert their IPod into [...]
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Here’s a story I simply do not understand. Yes, we all know that Google has pulled out of mainland China , choosing to redirect all Chinese traffic through its uncensored Hong Kong hub. What I don’t understand is, what gives Google the right to flout a country’s laws, no matter how “bad” they may seem? China doesn’t want its citizens to read up on Tienanmen Square—and? I really don’t think it’s the place outsiders to tell China how to run itself. You wouldn’t want Big China Corporation to build a factory in the middle of Texas, then demand that the state of Texas bend to its whims, would you? First, the facts. Facts are helpful sometimes. China and Google have been feuding out in the open , WrestleMania-style, over China’s demand that Google censor its search results. Google, which ostensibly does no evil, protested, saying that it’s committed to the free flow of information (provided it can tack on a few ads alongside said information). So, China says this: “Fine. Take a hike, Google.” Then Google says, “OK…” but then it reroutes all China traffic through its Hong Kong site, which isn’t subject to the same censorship regime. So, to recap: China has a problem with Google’s way of doing business, tells Google to knock it off, Google refuses, then skirts around the law for its own benefit. How can people support Google? I frequently see things like, “Well, what about those Chinese hackers?!” So one thing justifies the other, you’re saying? Even if that turns out being true, that Chinese hackers under the watchful eye of Beijing, attacked Google, does that give Google the right to ignore Chinese law? If you egg my car—punk kids!—does that mean I can walk into your house, steal your TV, then say, “What? This makes us even.” Yeah, no. If Google has a problem with Chinese hackers , then it should deal with that issue, and not use it as an excuse to do whatever it wants “just because.” I’m not defending Chinese law, but I fully recognize that it’s none of my business. If that’s how the Chinese government wants to run its affairs, so be it. It’s fairly silly to project one’s own cultural animus onto other peoples. If Google wants to do business in China, it has to play by China’s rules. What’s so controversial about that? Google shouldn’t get a free pass simply because it’s Google.
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