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IBM signs up to help fight China’s war on smog


IBM Corp has signed an agreement with the city of Beijing to use advanced weather forecasting and cloud computing technologies to help tackle the Chinese capital’s persistent smog. After a series of pollution scares and scandals, China’s central government has promised to reverse some of the damage done to the nation’s sky, rivers and soil … Continue reading

Prelude to Conflict: Asia, March 2


EDITORIAL—China and the West want China and the West to know that they are in a prelude to war. Here are a few reasons why from recently… Philippines protests over South China Sea water cannon attack Another indication of Chinese aggression Ex-Ming Pao editor Kevin Lau attacked in Hong Kong; recently replaced by pro-China editor Indications of … Continue reading

Chinese boy has his eyes gouged out


It’s beyond horrifying: a six-year-old Chinese boy lured into a field has his eyes gouged out by an assailant, blinding him forever — even more unthinkably, the woman suspected of committing the monstrous crime may have been trying to harvest the child’s corneas for cash. According to China state media via Reuters, the boy, who was from … Continue reading

Zombie borrowers haunt Chinas shadow banks


Call it the new China Syndrome: Although Asia’s biggest economy is slowing down markedly, credit continues to surge. Dead-end projects and dying industries are sucking up an ever-larger portion of new credit, while more productive borrowers are starved for funds. Nowhere is this more evident than in China’s shadow banking sector, the non-bank financiers that … Continue reading

China: 70 dead in Gansu earthquake


Two powerful earthquakes have struck China’s north-west Gansu province, killing more than 70 people and leaving at least 400 others injured. The first earthquake near Dingxi city had a magnitude of 5.98 and was shallow, with a depth of just 9.8 km (6 miles), the US Geological Survey said Just over an hour later, a … Continue reading

China’s Baidu makes its own Google Glass “independently”


Chinese search engine giant Baidu was jealous of Google’s interactive glasses, so they decided to create their own. With completely original, independently developed technology, of course. Google Glass is certainly a very interesting product, which is already in the last straight to before going on sale. Not everyone, however, intend to passively watch this project. … Continue reading

China announces surprisingly slower military budget increase


Reuters says in its report today titled “China boosts defence budget by 10.7 percent for 2013, “China will raise military spending by 10.7 percent this year to 740.6 billion yuan ($119 billion), the government announced on Tuesday, adding to a nearly unbroken series of double-digit increases in the defence budget over two decades.” The surprising … Continue reading

China’s economy mending; Germany’s descending


Any hopes of a Euro Zone rebound appear to have been dashed for now The eurozone’s biggest member, Germany,is being sucked into the bloc’s worsening economic quagmire, business surveys suggested on Wednesday, as similar data signalled the slowdown in China may be abating. The slump that began in Greece and spread to other smaller eurozone … Continue reading

China’s Rail Cargo Volume Just Turned Negative For The First Time Since 2009


China‘s vice premier Li Keqiang was widely reported to have said that China’s GDP figures are not reliable.  According to Reuters, he is said to be relying on electricity consumption, rail cargo volume, and banking lending. In case you have not been watching, the rail cargo volume growth on a year-on-year basis has just turned negative in … Continue reading

U.S. lets China bypass Wall Street for Treasury orders


China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury’s first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People’s Bank of China buys U.S. debt using a different method than any other central … Continue reading

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