ZhongHuaRising: August 2006 Archives

« July 2006 | Main | September 2006 »

Aug31	Business Cycle Yuan Yao August 31, 2006 Know More: Economic Forecast There are several different point of views of U.S. economy among economists about what will happen next year. The first, U.S economy is fine. The Fed’s policy-makers won’t have to do anything--just let the economy slow to its desired level. Second, the free-fall of the housing market would bring the United States into a great recession. Ben Bernanke, the Chairman of the Fed, would scramble to avoid a full-scale recession by dropping interest rates. The third, that inflation is already out of control, the Fed has to keep pushing interest rates higher. A recession may be the price paid by the U.S. and the world. Hmm… I think it will be fine. Posted at 8:02 AM \| Permalink \| Comments
Aug30	Don’t Sell Cigarettes and Alcohol to Children Yuan Yao August 30, 2006 China’s legislature is considering banning the sale of cigarettes and alcohol to 300 million young people below the age of 18. A draft amendment, submitted to China’s legislature last Tuesday for a preliminary reading, specified that shops are prohibited to... Continue Reading Posted at 7:40 PM \| Permalink \| Comments
	A Simple Fact Yuan Yao August 30, 2006 Nouriel Roubini, professor of economics at New York University, wrote on his blog last Wednesday, “The collapse of housing market would bring the Unite State to a great recession in 2007.” While the Fed’s policy-makers may share the same concern... Continue Reading Posted at 7:05 AM \| Permalink \| Comments
Aug29	Group Dating Party Yuan Yao August 29, 2006 Since there are millions of young adults remaining single in the metropolises, the Chinese local government officials felt that they needed to do something to help these people. Lately, about thousands and thousands of singles showed up in the group... Continue Reading Posted at 3:54 PM \| Permalink \| Comments
	Dutch Bank’s Amazing Move Yuan Yao August 29, 2006 According to China’s commitment to WTO, foreign banks will be allowed to extend their banking services from business clients to residents by the end of this year. China Banking Regulatory Commission (CBRC) has proposed that foreign players have to incorporate... Continue Reading Posted at 11:12 AM \| Permalink \| Comments
Aug28	Staying Single Yuan Yao August 28, 2006 It is estimated that China now has 107 million babies with the baby products’ annual sales of 500 billion Yuan (US$62.5 billion). However, the market outlook is not very optimistic as many middle-class, white-collar people prefer to remain single. It... Continue Reading Posted at 10:00 AM \| Permalink \| Comments
Aug27	Meet the Seniors Yuan Yao August 27, 2006 According to China’s National Committee on Aging, there are currently 100.55 million senior citizens, whose age is over 65 in China, counting for 7.7 percent of the population. It forecasted that the aged population would reach 170 million in 2010,... Continue Reading Posted at 10:13 PM \| Permalink \| Comments
Aug25	Don’t Marry a Beautiful Woman Yuan Yao August 25, 2006 A new study on gender by Dr. Satoshi Kanazawa, an evolutionary psychologist at the London School of Economics, caught my eye. Dr Kanazawa’s study shows that “physically attractive parents have more daughters, and less attractive parents have more sons.” In... Continue Reading Posted at 10:50 AM \| Permalink \| Comments
Aug24	Ten Years on the East Side of the River, Ten Years on the West Side of the River Yuan Yao August 24, 2006 The green paper report on population and labor by the Chinese Academy of Social Sciences (CASS) showed that after 2016, the aging population is set to increase dramatically, and the size of the labor force will drop accordingly. Economists said... Continue Reading Posted at 2:20 PM \| Permalink \| Comments
Aug23	On Income Inequality Yuan Yao August 23, 2006 U.S. Treasury Secretary Henry Paulson recently said that economic inequality is rising in America, and rising inequality is mainly a story about rising wages for the highly educated. He argued that nothing can be done about this trend, and that... Continue Reading Posted at 9:08 AM \| Permalink \| Comments
Aug22	Wake-Up Call Yuan Yao August 22, 2006 The rising income gap between the rich and the poor has been a hot topic to many people in China. The survey by China Youth showed that 98% of the Chinese felt that the income gap nowadays was larger than... Continue Reading Posted at 2:51 PM \| Permalink \| Comments
Aug21	Best Wishes to Shaq Yuan Yao August 21, 2006 Recently, there was a touching story spread across the Chinese website. It is said that many years ago, young Shaq met a mother and her son in an athletic supply store. The son, who loved playing basketball, eagerly wanted a... Continue Reading Posted at 12:30 PM \| Permalink \| Comments
Aug18	Half is Beer, the Other Half is Bobble Yuan Yao August 18, 2006 “I’ve sold out of many stock markets in the world. I have been buying Chinese stocks. If the China market goes down, I would hope to buy more.” Jim Rogers told the Chinese. His optimistic view about the Chinese stock... Continue Reading Posted at 2:26 PM \| Permalink \| Comments
	Jim Rogers and China’s Stock Market Yuan Yao August 18, 2006 “Over the next few years, China's stock market will be one of the best in the world,'' Jim Rogers told the Chinese audiences in Beijing last month. Jim Rogers, who correctly predicted a bull market in commodities that began in... Continue Reading Posted at 2:20 PM \| Permalink \| Comments
Aug17	Dr. Fan Gang Yuan Yao August 17, 2006 Last Friday, China’s State Council announced that Dr. Fan Gang was appointed as an expert member to serve on the central bank’s monetary policy committee. The news, posted on the Chinese government website on August 11, was quickly reported by... Continue Reading Posted at 4:39 PM \| Permalink \| Comments
Aug16	Thank You! Mr. Ben Bernanke Yuan Yao August 16, 2006 Most economists believe that if the former Fed Chairman Allen Greenspan was still in charge, he would have kept moving interest rates up to battle the inflation risks, just like what he had done in November 2000. With the soaring... Continue Reading Posted at 2:49 PM \| Permalink \| Comments
	China's Bloggers and Forum Users Take on Volkswagen Bill Belew August 16, 2006 Volkswagen poked fun at China's public transportation system. China's bloggers and forum users raised cane. Most Americans think the Internet in China is censored. Criticizing the government is out, but there are few constraints on going after businesses, unless,... Continue Reading Posted at 12:36 AM \| Permalink \| Comments
Aug15	Let's Cook Some Good Stuff Yuan Yao August 15, 2006 Hello and welcome to ZhongHuaRising. My name is Yuan Yao. I teach economics, financing, and marketing classes at Georgia colleges. I used to work for the Bureau of Industrial and Commerce of Shanghai City Government. After several years of experience... Continue Reading Posted at 9:59 PM \| Permalink \| Comments
	China's Bloggers and Forum Users Take on the Colonel, Kentucky Fried Chicken Bill Belew August 15, 2006 Kentucky Fried Chicken (KFC) depicted a hard working student who did NOT pass his exams and compared this student to two carefree students who enjoyed extra crispy and did pass the exams. Most Americans think the Internet in China is... Continue Reading Posted at 12:34 AM \| Permalink \| Comments
Aug14	China's Bloggers and Forum Users Take on Dell, Inc. Bill Belew August 14, 2006 Dell Inc. made a promise and didn't deliver. China's bloggers and forum users fought back. Most Americans think the Internet in China is censored. Criticizing the government is out, but there are few constraints on going after businesses, unless, perhaps,... Continue Reading Posted at 12:32 AM \| Permalink \| Comments
Aug13	National Association of Manufacturers Fight Over China Bill Belew August 13, 2006 The National Association of Manufacturers (NAM) is fighting amongst itself. The little manufacturers are pitting themselves against the large multinationals in the group. The impetus for the fight is China. The little fellows say that are losing too much to... Continue Reading Posted at 12:30 AM \| Permalink \| Comments
Aug11	HaoHao at LostLaoWai Bill Belew August 11, 2006 There is somebody smarter than me. Actually there are a lot of people smarter than me. Today, Ryan at Lostlaowai gets a big nod. I have thought for some time that a news aggregator that allows readers to see, contribute... Continue Reading Posted at 2:43 PM \| Permalink \| Comments
	Wal-Mart Stores Wants to Talk With ACFTU in China Bill Belew August 11, 2006 Five stores in China are trying to do to Wal-Mart Stores what no one else in the world has been able to do. The five stores have unionized and they are trying to get the other 55 Wal-Mart stores in... Continue Reading Posted at 12:45 AM \| Permalink \| Comments
Aug10	China Chases India Bill Belew August 10, 2006 India IT industry is out front. However, www.infosys.com chief mentor, N.R. Naryana Murthy says that China can expect to pull even with India within the next five years. Infosys receives 1.4 million job applications every year! And they are giving... Continue Reading Posted at 2:35 AM \| Permalink \| Comments
	China's Geely Automobile Lacks Managers Bill Belew August 10, 2006 What do large multinationals have that Chinese companies do NOT have? Managers. The largest private car maker in China, Geely Automobile, hired a former executive of South Korea's Daewoo to ready its cars for the international market. According to a... Continue Reading Posted at 12:36 AM \| Permalink \| Comments
Aug 9	China Must Resort to Outsourcing Bill Belew August 9, 2006 In China, some sectors have such a severe shortage of skilled workers, even China must outsource. One example is the pilot industry. A new private airline in western China, United Eagle Airlines, says they could not have got off the... Continue Reading Posted at 2:11 AM \| Permalink \| Comments
	Carrefour vs. Wal-Mart in China Bill Belew August 9, 2006 Carrefour and Wal-Mart are matching each other store for store in growth in China. Presently Carrefour of Paris, the world's number two retailer has 79 stores in 32 Chinese cities compared to Wal-Mart's 50 locations in 30 cities. Carrefour outsold... Continue Reading Posted at 12:09 AM \| Permalink \| Comments
Aug 8	Chinese Create Wal-Mart Union - ACFTU Bill Belew August 8, 2006 ACFTU is the All-China Federation of Trade Unions - established by the ruling Communist party. It boasts of 150 million members. The ACFTU is pressuring Wal-Mart to establish a union....which doesn't make sense to me. Shouldn't it be the workers... Continue Reading Posted at 2:08 AM \| Permalink \| Comments
	China's Best Web Sites (part 3) Bill Belew August 8, 2006 The third site I want to introduce is Douban Douban gives its consumers the ability to write and read each other's music and book reviews. Douban has more than 200,000 users and its creator, Bo Yang (great name) is now... Continue Reading Posted at 12:01 AM \| Permalink \| Comments
Aug 7	Mary Kay Goes To China Bill Belew August 7, 2006 Mary Kay is a cosmetic giant...a $2.2 billion giant based in Dallas, TX. Just over half of that was sold in the US by its sales force of 715,000 reps. In 1995, Mary Kay added China to its list of... Continue Reading Posted at 2:20 AM \| Permalink \| Comments
	China's Best Web Sites (part 2) Bill Belew August 7, 2006 Toodou of Shanghai is a video podcast site in China. Toodou also means potato. Three-second video ads are infused into video podcasts. The revenue is split with Toodou. The founder of Toodou started the company with $125,000 of his own... Continue Reading Posted at 12:00 AM \| Permalink \| Comments
Aug 6	First Chinese-owned TV Station Goes On Air Bill Belew August 6, 2006 The first station in the Middle East owned by a Chinese person went on air earlier this week. The satellite station has a potential coverage of 21 countries, including some in North Africa. It's potiential viewership could be as many... Continue Reading Posted at 2:16 AM \| Permalink \| Comments
	China's Best Web Sites (part 1) Bill Belew August 6, 2006 China has more than 600 blog publishing sites. The one I use, WXC Blog cannot be read in China....meaning it is time for me to find one that can be read in China. On top of the heap of the... Continue Reading Posted at 12:58 AM \| Permalink \| Comments
Aug 4	China Kills 50,000 Dogs! Bill Belew August 4, 2006 Three people contracted rabies in southern China. Chinese officials responded by killing ALL the dogs in the area...all 50,000 of them. Now, I am not an animal activist. I am not any kind of activist. But, officials walked about and... Continue Reading Posted at 12:50 AM \| Permalink \| Comments
	China Bank Fraud is Up! Bill Belew August 4, 2006 According to the China Banking Regulatory Commission fraud and other irregularities amounted to $95.9 billion, up 31% from 2004. I'm totally at a loss here. How do people steal so much money? How do they get away with it? If... Continue Reading Posted at 12:27 AM \| Permalink \| Comments
Aug 3	Investment in China's Banks Continues to Soar Bill Belew August 3, 2006 The Communist Party took over the country in 1949. After which, the Party made Chinese banks credit agencies for the government and state-owned companies. Until as recently as the 1990s, branch managers of the banks was appointed by local party... Continue Reading Posted at 2:25 AM \| Permalink \| Comments
	Chinese Bank's Reek of Fraud Bill Belew August 3, 2006 Bank of China is China's second-largest lender. A couple of managers at one of BOC's southern branches embezzled $485 million before getting caught in the US where they had fled using false identities. The two will face trial in Las... Continue Reading Posted at 12:24 AM \| Permalink \| Comments
Aug 2	Wal-Mart Gaining International Experience Bill Belew August 2, 2006 Wal-Mart operates in 14 countries. I though so, too. Is that all? Carrefour, the French retail giant has more stores in more countries - 29 countries altogether. Both countries have been having a hard time in Asia - getting their... Continue Reading Posted at 2:29 AM \| Permalink \| Comments
	China Should Be More Engaged in North Korean Negotiations Bill Belew August 2, 2006 The Committee of 100 Commissioned a survey to discover what Americans think about China. More information about this group can be found at the link at the end of this post. The survey asked Congressional leaders several questions to get... Continue Reading Posted at 12:39 AM \| Permalink \| Comments
Aug 1	China an Ally to US Regarding North Korea Bill Belew August 1, 2006 The Committee of 100 Commissioned a survey to discover what Americans think about China. More information about this group can be found at the link at the end of this post. The survey asked Congressional leaders several questions to get... Continue Reading Posted at 2:38 AM \| Permalink \| Comments
	China's Unions Critical of Wal-Mart Bill Belew August 1, 2006 Wal-Mart hates unions. I hate unions. But, it seems that Government back trade unions in China have been trying to organize its workers to stand against foreign companies. The unions are particularly critical of Wal-Mart's resistance to dealing with unions.... Continue Reading Posted at 12:28 AM \| Permalink \| Comments

« July 2006 | Main | September 2006 »

Aug31	Business Cycle Yuan Yao August 31, 2006 Know More: Economic Forecast There are several different point of views of U.S. economy among economists about what will happen next year. The first, U.S economy is fine. The Fed’s policy-makers won’t have to do anything--just let the economy slow to its desired level. Second, the free-fall of the housing market would bring the United States into a great recession. Ben Bernanke, the Chairman of the Fed, would scramble to avoid a full-scale recession by dropping interest rates. The third, that inflation is already out of control, the Fed has to keep pushing interest rates higher. A recession may be the price paid by the U.S. and the world. Hmm… I think it will be fine. Posted at 8:02 AM \| Permalink \| Comments
Aug30	Don’t Sell Cigarettes and Alcohol to Children Yuan Yao August 30, 2006 China’s legislature is considering banning the sale of cigarettes and alcohol to 300 million young people below the age of 18. A draft amendment, submitted to China’s legislature last Tuesday for a preliminary reading, specified that shops are prohibited to... Continue Reading Posted at 7:40 PM \| Permalink \| Comments
	A Simple Fact Yuan Yao August 30, 2006 Nouriel Roubini, professor of economics at New York University, wrote on his blog last Wednesday, “The collapse of housing market would bring the Unite State to a great recession in 2007.” While the Fed’s policy-makers may share the same concern... Continue Reading Posted at 7:05 AM \| Permalink \| Comments
Aug29	Group Dating Party Yuan Yao August 29, 2006 Since there are millions of young adults remaining single in the metropolises, the Chinese local government officials felt that they needed to do something to help these people. Lately, about thousands and thousands of singles showed up in the group... Continue Reading Posted at 3:54 PM \| Permalink \| Comments
	Dutch Bank’s Amazing Move Yuan Yao August 29, 2006 According to China’s commitment to WTO, foreign banks will be allowed to extend their banking services from business clients to residents by the end of this year. China Banking Regulatory Commission (CBRC) has proposed that foreign players have to incorporate... Continue Reading Posted at 11:12 AM \| Permalink \| Comments
Aug28	Staying Single Yuan Yao August 28, 2006 It is estimated that China now has 107 million babies with the baby products’ annual sales of 500 billion Yuan (US$62.5 billion). However, the market outlook is not very optimistic as many middle-class, white-collar people prefer to remain single. It... Continue Reading Posted at 10:00 AM \| Permalink \| Comments
Aug27	Meet the Seniors Yuan Yao August 27, 2006 According to China’s National Committee on Aging, there are currently 100.55 million senior citizens, whose age is over 65 in China, counting for 7.7 percent of the population. It forecasted that the aged population would reach 170 million in 2010,... Continue Reading Posted at 10:13 PM \| Permalink \| Comments
Aug25	Don’t Marry a Beautiful Woman Yuan Yao August 25, 2006 A new study on gender by Dr. Satoshi Kanazawa, an evolutionary psychologist at the London School of Economics, caught my eye. Dr Kanazawa’s study shows that “physically attractive parents have more daughters, and less attractive parents have more sons.” In... Continue Reading Posted at 10:50 AM \| Permalink \| Comments
Aug24	Ten Years on the East Side of the River, Ten Years on the West Side of the River Yuan Yao August 24, 2006 The green paper report on population and labor by the Chinese Academy of Social Sciences (CASS) showed that after 2016, the aging population is set to increase dramatically, and the size of the labor force will drop accordingly. Economists said... Continue Reading Posted at 2:20 PM \| Permalink \| Comments
Aug23	On Income Inequality Yuan Yao August 23, 2006 U.S. Treasury Secretary Henry Paulson recently said that economic inequality is rising in America, and rising inequality is mainly a story about rising wages for the highly educated. He argued that nothing can be done about this trend, and that... Continue Reading Posted at 9:08 AM \| Permalink \| Comments
Aug22	Wake-Up Call Yuan Yao August 22, 2006 The rising income gap between the rich and the poor has been a hot topic to many people in China. The survey by China Youth showed that 98% of the Chinese felt that the income gap nowadays was larger than... Continue Reading Posted at 2:51 PM \| Permalink \| Comments
Aug21	Best Wishes to Shaq Yuan Yao August 21, 2006 Recently, there was a touching story spread across the Chinese website. It is said that many years ago, young Shaq met a mother and her son in an athletic supply store. The son, who loved playing basketball, eagerly wanted a... Continue Reading Posted at 12:30 PM \| Permalink \| Comments
Aug18	Half is Beer, the Other Half is Bobble Yuan Yao August 18, 2006 “I’ve sold out of many stock markets in the world. I have been buying Chinese stocks. If the China market goes down, I would hope to buy more.” Jim Rogers told the Chinese. His optimistic view about the Chinese stock... Continue Reading Posted at 2:26 PM \| Permalink \| Comments
	Jim Rogers and China’s Stock Market Yuan Yao August 18, 2006 “Over the next few years, China's stock market will be one of the best in the world,'' Jim Rogers told the Chinese audiences in Beijing last month. Jim Rogers, who correctly predicted a bull market in commodities that began in... Continue Reading Posted at 2:20 PM \| Permalink \| Comments
Aug17	Dr. Fan Gang Yuan Yao August 17, 2006 Last Friday, China’s State Council announced that Dr. Fan Gang was appointed as an expert member to serve on the central bank’s monetary policy committee. The news, posted on the Chinese government website on August 11, was quickly reported by... Continue Reading Posted at 4:39 PM \| Permalink \| Comments
Aug16	Thank You! Mr. Ben Bernanke Yuan Yao August 16, 2006 Most economists believe that if the former Fed Chairman Allen Greenspan was still in charge, he would have kept moving interest rates up to battle the inflation risks, just like what he had done in November 2000. With the soaring... Continue Reading Posted at 2:49 PM \| Permalink \| Comments
	China's Bloggers and Forum Users Take on Volkswagen Bill Belew August 16, 2006 Volkswagen poked fun at China's public transportation system. China's bloggers and forum users raised cane. Most Americans think the Internet in China is censored. Criticizing the government is out, but there are few constraints on going after businesses, unless,... Continue Reading Posted at 12:36 AM \| Permalink \| Comments
Aug15	Let's Cook Some Good Stuff Yuan Yao August 15, 2006 Hello and welcome to ZhongHuaRising. My name is Yuan Yao. I teach economics, financing, and marketing classes at Georgia colleges. I used to work for the Bureau of Industrial and Commerce of Shanghai City Government. After several years of experience... Continue Reading Posted at 9:59 PM \| Permalink \| Comments
	China's Bloggers and Forum Users Take on the Colonel, Kentucky Fried Chicken Bill Belew August 15, 2006 Kentucky Fried Chicken (KFC) depicted a hard working student who did NOT pass his exams and compared this student to two carefree students who enjoyed extra crispy and did pass the exams. Most Americans think the Internet in China is... Continue Reading Posted at 12:34 AM \| Permalink \| Comments
Aug14	China's Bloggers and Forum Users Take on Dell, Inc. Bill Belew August 14, 2006 Dell Inc. made a promise and didn't deliver. China's bloggers and forum users fought back. Most Americans think the Internet in China is censored. Criticizing the government is out, but there are few constraints on going after businesses, unless, perhaps,... Continue Reading Posted at 12:32 AM \| Permalink \| Comments
Aug13	National Association of Manufacturers Fight Over China Bill Belew August 13, 2006 The National Association of Manufacturers (NAM) is fighting amongst itself. The little manufacturers are pitting themselves against the large multinationals in the group. The impetus for the fight is China. The little fellows say that are losing too much to... Continue Reading Posted at 12:30 AM \| Permalink \| Comments
Aug11	HaoHao at LostLaoWai Bill Belew August 11, 2006 There is somebody smarter than me. Actually there are a lot of people smarter than me. Today, Ryan at Lostlaowai gets a big nod. I have thought for some time that a news aggregator that allows readers to see, contribute... Continue Reading Posted at 2:43 PM \| Permalink \| Comments
	Wal-Mart Stores Wants to Talk With ACFTU in China Bill Belew August 11, 2006 Five stores in China are trying to do to Wal-Mart Stores what no one else in the world has been able to do. The five stores have unionized and they are trying to get the other 55 Wal-Mart stores in... Continue Reading Posted at 12:45 AM \| Permalink \| Comments
Aug10	China Chases India Bill Belew August 10, 2006 India IT industry is out front. However, www.infosys.com chief mentor, N.R. Naryana Murthy says that China can expect to pull even with India within the next five years. Infosys receives 1.4 million job applications every year! And they are giving... Continue Reading Posted at 2:35 AM \| Permalink \| Comments
	China's Geely Automobile Lacks Managers Bill Belew August 10, 2006 What do large multinationals have that Chinese companies do NOT have? Managers. The largest private car maker in China, Geely Automobile, hired a former executive of South Korea's Daewoo to ready its cars for the international market. According to a... Continue Reading Posted at 12:36 AM \| Permalink \| Comments
Aug 9	China Must Resort to Outsourcing Bill Belew August 9, 2006 In China, some sectors have such a severe shortage of skilled workers, even China must outsource. One example is the pilot industry. A new private airline in western China, United Eagle Airlines, says they could not have got off the... Continue Reading Posted at 2:11 AM \| Permalink \| Comments
	Carrefour vs. Wal-Mart in China Bill Belew August 9, 2006 Carrefour and Wal-Mart are matching each other store for store in growth in China. Presently Carrefour of Paris, the world's number two retailer has 79 stores in 32 Chinese cities compared to Wal-Mart's 50 locations in 30 cities. Carrefour outsold... Continue Reading Posted at 12:09 AM \| Permalink \| Comments
Aug 8	Chinese Create Wal-Mart Union - ACFTU Bill Belew August 8, 2006 ACFTU is the All-China Federation of Trade Unions - established by the ruling Communist party. It boasts of 150 million members. The ACFTU is pressuring Wal-Mart to establish a union....which doesn't make sense to me. Shouldn't it be the workers... Continue Reading Posted at 2:08 AM \| Permalink \| Comments
	China's Best Web Sites (part 3) Bill Belew August 8, 2006 The third site I want to introduce is Douban Douban gives its consumers the ability to write and read each other's music and book reviews. Douban has more than 200,000 users and its creator, Bo Yang (great name) is now... Continue Reading Posted at 12:01 AM \| Permalink \| Comments
Aug 7	Mary Kay Goes To China Bill Belew August 7, 2006 Mary Kay is a cosmetic giant...a $2.2 billion giant based in Dallas, TX. Just over half of that was sold in the US by its sales force of 715,000 reps. In 1995, Mary Kay added China to its list of... Continue Reading Posted at 2:20 AM \| Permalink \| Comments
	China's Best Web Sites (part 2) Bill Belew August 7, 2006 Toodou of Shanghai is a video podcast site in China. Toodou also means potato. Three-second video ads are infused into video podcasts. The revenue is split with Toodou. The founder of Toodou started the company with $125,000 of his own... Continue Reading Posted at 12:00 AM \| Permalink \| Comments
Aug 6	First Chinese-owned TV Station Goes On Air Bill Belew August 6, 2006 The first station in the Middle East owned by a Chinese person went on air earlier this week. The satellite station has a potential coverage of 21 countries, including some in North Africa. It's potiential viewership could be as many... Continue Reading Posted at 2:16 AM \| Permalink \| Comments
	China's Best Web Sites (part 1) Bill Belew August 6, 2006 China has more than 600 blog publishing sites. The one I use, WXC Blog cannot be read in China....meaning it is time for me to find one that can be read in China. On top of the heap of the... Continue Reading Posted at 12:58 AM \| Permalink \| Comments
Aug 4	China Kills 50,000 Dogs! Bill Belew August 4, 2006 Three people contracted rabies in southern China. Chinese officials responded by killing ALL the dogs in the area...all 50,000 of them. Now, I am not an animal activist. I am not any kind of activist. But, officials walked about and... Continue Reading Posted at 12:50 AM \| Permalink \| Comments
	China Bank Fraud is Up! Bill Belew August 4, 2006 According to the China Banking Regulatory Commission fraud and other irregularities amounted to $95.9 billion, up 31% from 2004. I'm totally at a loss here. How do people steal so much money? How do they get away with it? If... Continue Reading Posted at 12:27 AM \| Permalink \| Comments
Aug 3	Investment in China's Banks Continues to Soar Bill Belew August 3, 2006 The Communist Party took over the country in 1949. After which, the Party made Chinese banks credit agencies for the government and state-owned companies. Until as recently as the 1990s, branch managers of the banks was appointed by local party... Continue Reading Posted at 2:25 AM \| Permalink \| Comments
	Chinese Bank's Reek of Fraud Bill Belew August 3, 2006 Bank of China is China's second-largest lender. A couple of managers at one of BOC's southern branches embezzled $485 million before getting caught in the US where they had fled using false identities. The two will face trial in Las... Continue Reading Posted at 12:24 AM \| Permalink \| Comments
Aug 2	Wal-Mart Gaining International Experience Bill Belew August 2, 2006 Wal-Mart operates in 14 countries. I though so, too. Is that all? Carrefour, the French retail giant has more stores in more countries - 29 countries altogether. Both countries have been having a hard time in Asia - getting their... Continue Reading Posted at 2:29 AM \| Permalink \| Comments
	China Should Be More Engaged in North Korean Negotiations Bill Belew August 2, 2006 The Committee of 100 Commissioned a survey to discover what Americans think about China. More information about this group can be found at the link at the end of this post. The survey asked Congressional leaders several questions to get... Continue Reading Posted at 12:39 AM \| Permalink \| Comments
Aug 1	China an Ally to US Regarding North Korea Bill Belew August 1, 2006 The Committee of 100 Commissioned a survey to discover what Americans think about China. More information about this group can be found at the link at the end of this post. The survey asked Congressional leaders several questions to get... Continue Reading Posted at 2:38 AM \| Permalink \| Comments
	China's Unions Critical of Wal-Mart Bill Belew August 1, 2006 Wal-Mart hates unions. I hate unions. But, it seems that Government back trade unions in China have been trying to organize its workers to stand against foreign companies. The unions are particularly critical of Wal-Mart's resistance to dealing with unions.... Continue Reading Posted at 12:28 AM \| Permalink \| Comments

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