Asia

Reaching for Heaven in Shanghai

In Shanghai for Christmas I ate at Stiller’s, an excellent continental restaurant run by an affable German chef. It is located in a new development called “Cool Docks” (more prosaically “Old Docks” in Chinese, Lao Matou). Lot’s of new restaurants and trendy little boutiques selling fripperies and accessories. All more or less empty, …

Winter in Beijing: It’s All About the Right Gear

A blast of frigid air has enveloped Beijing from the north. Top temperature Saturday will be 15 F or -6 C. Happily, as you’ll see below, Beijingers are used to this sort of thing and make sure everyone who goes out doors–everyone–is dressed for the weather.

 

Cue Violins

Is it just me or does anyone else agree that Ricky Wong’s resignation letter was one of the most maudlin business documents ever uttered by a CEO? The head of ATV, the lesser of Hong Kong’s two terrestrial TV stations, ended his 12-day tenure yesterday for reasons that need not detain international readers. The ghastly sentiment of …

China’s 2009 Growth: Bidding Downwards

A couple of weeks ago I wrote a piece speculating that the gathering gloom and doom about China’s economic performance in 2009 might be overblown, in part because some of those making the predictions like perennial pessimist Nouriel Roubini of New York State University weren’t China specialists and therefore might well have missed some …

Octogenarians Rule! Score One to Du Daozheng

A follow up on Du Daozheng, who fought the law (or city hall I guess in a more appropriate cliche) and won, at least for the moment. We’ve mentioned before feisty Du and his (relatively) liberal publication, Yanhuang Chunqiu, usually rendered as Annals of the Yellow Emperor. According to the good folk at the China Media Project at Hong …

China: Still the Workers’ Paradise, Really!

My colleague Lin Yang writes:

Being a member of the “working class” in the People’s Republic (aka “workers’ paradise”) is no longer what it was 50 years ago. The “iron rice bowl” has been broken, many have been laid off during the reform of the huge state enterprises a decade ago and those who do have jobs usually labor long

Gloom, Doom and Worst Case Scenarios

More horrible numbers for China’s economy. Steel production in November: down 12.4 per cent year on year; Electricity production: down 9.6 %; fixed assset investment growth: declined to 26.8% in Jan-Nov from 27.2% in the first 10 months of 2008. The last figure is particularly relevant as FAI accounts for 42 % of GDP growth. Most …

Skiing in China and the World Financial Crisis

I am taking some accumulated leave before it runs out at year end. I decided yesterday to visit one of the numerous small ski slopes that surround Beijing, catering to a nascent but enthusiastic group of mostly young Chinese who have taken up the sport. I went to Nanshan, probably the largest of the resorts, located about three quarters …

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