Born To Run

Why, it’s just like old times.
There is a run on Hong Kong’s Bank of East Asia (BEA). It started, apparently, on Tuesday night with the dissemination of anonymous text messages that suggested the bank was on the verge of collapse. The next day, thousands were queuing at branches all over the city to withdraw their money.
It should be …

Another Darwin Award Candidate from China

Amidst all the depressing news surrounding us it is sometimes necessary to feature something, well, completely silly. I couldn’t call this only in China (see the previous post on these lines here) as people all over the world do stupid stuff and put it on the internet. Here’s a young Chinese guy who says he’s just bought a bazillion …

“A Typical Day in the Life of a Happy Chinese”

This is a spoof diary of a day in the life of an ordinary Chinese that has been circulating on the web recently (in Chinese here, for example). I have edited out large chunks as it gets pretty repetitive, though that of course is the point. The excellent translation is courtesy of Chris Hughes of the London School of Economics and …

Ask Wayne Wang

The director of The Joy Luck Club revisits the theme of Chinese-American identity with two new films this fall. Click here to submit your questions for Wayne Wang, then look for the upcoming interview in TIME.

Beijing’s View of the Finance Crisis: Opportunity and Danger

It’s probably one of the hoariest clichés in the book about China but in this case it keeps popping up because it has a core nugget of real insight. The word for crisis in Chinese is weiji, 危机, made up as the tale goes from two characters, one meaning ‘danger’ and the other ‘opportunity.’ Although it’s a bit of a stretch …

AIG and China: Could A “Special Relationship” Translate into Cash?

Coverage of the 85 billion-dollar AIG bailout by the Fed in the Chinese media has generally been fairly reserved. That’s partly because AIG owns around twenty per cent of the People’s Insurance Company of China, the country’s largest casualty insurer, and the government doesn’t want anyone getting worked up about a possible threat to its …

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