ecns [expanded by feedex.net]
ecns
Shanxi senior legislator removed from office
http://www.ecns.cn/2014/03-01/102923.shtml
Mar 1st 2014, 03:31
2014-03-01 12:31 Xinhua Web Editor: Si Huan
The Communist Party of China (CPC) Central Committee has decided to remove Jin Daoming, a local legislator in northern province of Shanxi, from office, the CPC said on Saturday.
The announcement was made following an investigation on Jin, vice chairman of the Shanxi Provincial People's Congress Standing Committee, for suspected "serious violation of discipline," according to the Organization Department of the CPC Central Committee.
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Friday, February 28, 2014
ecns [expanded by feedex.net]: China amends regulations to ease business thresholds
ecns [expanded by feedex.net]
ecns
China amends regulations to ease business thresholds
http://www.ecns.cn/business/2014/03-01/102920.shtml
Mar 1st 2014, 03:15
2014-03-01 12:15
Premier Li Keqiang has issued a State Council decree amending and abolishing a number of business regulations so as to make the market more accessible and invigorate social investment.
The decree, which amended eight regulations and abolished two, will come into effect on March 1.
The amendments and abolitions lifted restrictions on minimum registered capital, payment deadlines, down payment ratio and cash ratio of registered capital.
The decree also asked authorities to publish registration information through an enterprise credit information system.
China will replace the current annual inspection system with one based on self-reporting, and promote electronic business licenses, which have the same legal validity as physical ones, according to the decree.
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ecns
China amends regulations to ease business thresholds
http://www.ecns.cn/business/2014/03-01/102920.shtml
Mar 1st 2014, 03:15
2014-03-01 12:15
Premier Li Keqiang has issued a State Council decree amending and abolishing a number of business regulations so as to make the market more accessible and invigorate social investment.
The decree, which amended eight regulations and abolished two, will come into effect on March 1.
The amendments and abolitions lifted restrictions on minimum registered capital, payment deadlines, down payment ratio and cash ratio of registered capital.
The decree also asked authorities to publish registration information through an enterprise credit information system.
China will replace the current annual inspection system with one based on self-reporting, and promote electronic business licenses, which have the same legal validity as physical ones, according to the decree.
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ecns [expanded by feedex.net]: Japan back on Chinese tourists' itineraries
ecns [expanded by feedex.net]
ecns
Japan back on Chinese tourists' itineraries
http://www.ecns.cn/2014/03-01/102922.shtml
Mar 1st 2014, 03:25
2014-03-01 12:25 China Daily Web Editor: Si Huan
The number of Chinese tourists traveling to Japan may return to the level before September 2012, when territorial disputes erupted between the two neighbors, according to Chinese experts and industry players.
There has been a rapid recovery in the figures in recent months, showing the effects of the disputes is fading, said Jiang Yiyi, director of the China Tourism Academy's International Tourism Development Institute.
Relations became strained following Japan's illegal "purchase" of China's Diaoyu Islands in September 2012.
Japan's Ministry of Foreign Affairs says 145,799 Japanese visas were sent to Chinese residents in January, a record high since Japanese Prime Minister Shinzo Abe took office in late 2012.
Jiang said, "Chinese residents accept Japan as a destination again", adding that a weak yen and a relaxation in visa policies helped to attract Chinese tourists.
"If the two countries are not embroiled in further dramatic political events, Chinese tourism to Japan will recover gradually this year," Jiang said.
She said she expects the number of Chinese tourists to Japan to return to levels before the territorial disputes erupted.
In 2012, 1.43 million Chinese visited Japan, but the number dropped to 980,000 last year.
Yang Dong, director of the Japan and South Korea region for Ctrip.com International's tourism department, said repressed demand from Chinese who scrapped travel plans to Japan amid the political tension may be unleashed this year.
Liu Xi, a 29-year-old Beijing resident, went on a seven-day trip to Japan during Spring Festival in February.
She said she was a little worried about Japanese people's attitude toward Chinese because of the territorial disputes, but most Japanese turned out to be friendly.
All Nippon Airways, which runs more than 50 daily flights between Japan and 10 Chinese destinations, changed some of its flights to China to be operated by single-aisle aircraft when passenger numbers fell sharply in late 2012.
But all its China flights are now being operated by wide-bodied planes again, said Atsushi Yabuki, sales and administration director at the carrier's regional headquarters for China.
"The average load factor on our China-Japan routes is about 70 percent now, although Japanese passenger numbers are still low," he said.
The airline also expects to expand its network in China and will keep applying for more flights between Beijing, Shanghai and Tokyo, he said.
Chinese airlines have seen their business recover in recent months. Ding Yue, spokesman for Air China, said, "Every carrier is adding capacity to Japanese routes and passenger numbers will return to the level before the territorial disputes."
China Eastern Airlines, with the most destinations in Japan among Chinese carriers, said it expects much better business this year than in 2013.
A manager at BTG International Travel and Tours, who declined to be identified, said, "Business with Japan is good and the next two months are the traditional peak for Japanese tourism with the arrival of the cherry blossom season."
But last year, 2.88 million Japanese tourists visited China, an 18.21 percent year-on-year decline, according to the China National Tourism Administration.
Shoichiro Horii, marketing and sales manager for All Nippon Airways' regional headquarters for China, said the strained relations between the two countries are a main concern for Japanese people.
"Air pollution and the appreciation of the yuan are other reasons," he said.
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ecns
Japan back on Chinese tourists' itineraries
http://www.ecns.cn/2014/03-01/102922.shtml
Mar 1st 2014, 03:25
2014-03-01 12:25 China Daily Web Editor: Si Huan
The number of Chinese tourists traveling to Japan may return to the level before September 2012, when territorial disputes erupted between the two neighbors, according to Chinese experts and industry players.
There has been a rapid recovery in the figures in recent months, showing the effects of the disputes is fading, said Jiang Yiyi, director of the China Tourism Academy's International Tourism Development Institute.
Relations became strained following Japan's illegal "purchase" of China's Diaoyu Islands in September 2012.
Japan's Ministry of Foreign Affairs says 145,799 Japanese visas were sent to Chinese residents in January, a record high since Japanese Prime Minister Shinzo Abe took office in late 2012.
Jiang said, "Chinese residents accept Japan as a destination again", adding that a weak yen and a relaxation in visa policies helped to attract Chinese tourists.
"If the two countries are not embroiled in further dramatic political events, Chinese tourism to Japan will recover gradually this year," Jiang said.
She said she expects the number of Chinese tourists to Japan to return to levels before the territorial disputes erupted.
In 2012, 1.43 million Chinese visited Japan, but the number dropped to 980,000 last year.
Yang Dong, director of the Japan and South Korea region for Ctrip.com International's tourism department, said repressed demand from Chinese who scrapped travel plans to Japan amid the political tension may be unleashed this year.
Liu Xi, a 29-year-old Beijing resident, went on a seven-day trip to Japan during Spring Festival in February.
She said she was a little worried about Japanese people's attitude toward Chinese because of the territorial disputes, but most Japanese turned out to be friendly.
All Nippon Airways, which runs more than 50 daily flights between Japan and 10 Chinese destinations, changed some of its flights to China to be operated by single-aisle aircraft when passenger numbers fell sharply in late 2012.
But all its China flights are now being operated by wide-bodied planes again, said Atsushi Yabuki, sales and administration director at the carrier's regional headquarters for China.
"The average load factor on our China-Japan routes is about 70 percent now, although Japanese passenger numbers are still low," he said.
The airline also expects to expand its network in China and will keep applying for more flights between Beijing, Shanghai and Tokyo, he said.
Chinese airlines have seen their business recover in recent months. Ding Yue, spokesman for Air China, said, "Every carrier is adding capacity to Japanese routes and passenger numbers will return to the level before the territorial disputes."
China Eastern Airlines, with the most destinations in Japan among Chinese carriers, said it expects much better business this year than in 2013.
A manager at BTG International Travel and Tours, who declined to be identified, said, "Business with Japan is good and the next two months are the traditional peak for Japanese tourism with the arrival of the cherry blossom season."
But last year, 2.88 million Japanese tourists visited China, an 18.21 percent year-on-year decline, according to the China National Tourism Administration.
Shoichiro Horii, marketing and sales manager for All Nippon Airways' regional headquarters for China, said the strained relations between the two countries are a main concern for Japanese people.
"Air pollution and the appreciation of the yuan are other reasons," he said.
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ecns [expanded by feedex.net]: Regulator clarifies details of FX rules for FTZ
ecns [expanded by feedex.net]
ecns
Regulator clarifies details of FX rules for FTZ
http://www.ecns.cn/business/2014/03-01/102919.shtml
Mar 1st 2014, 03:12
2014-03-01 12:12
The Shanghai branch of the State Administration of Foreign Exchange on Friday clarified details of new measures regarding the conduct of foreign exchange businesses in the China (Shanghai) Pilot Free Trade Zone, a move to further loosen capital controls and boost trade and financial services.
New measures introduced by the administration included loosening management over credit and debt, removal of cross-border guarantee approval requirements and raising the foreign currency loan caps of enterprises within the zone.
Zhang Xin, head of the administration's Shanghai branch, said the new measures will significantly improve the efficiency of capital use and ease fundraising for enterprises within the FTZ.
"The new measures reflect the philosophies and practices of foreign exchange administration," said Zhang, adding the administration will also strengthen cooperation with other administrations to realize effective risk controls to guard against systematic and regional financial risks.
Removal of cross-border guarantee approval requirements would help companies incorporated in China raise funds in the offshore markets and support their overseas expansion.
More companies should be able to issue guarantees to support their offshore debt.
Currently, it is difficult for Chinese companies to obtain the administration's approval to guarantee bonds issued by offshore subsidiaries. Allowing them simply to register their cross-border guarantees would allow more of them to issue these guarantees, according to a research note by Moody's Investors Service.
Lenders said the new measures will boost development of the growth of company headquarters within the zone and will benefit commodity trade within it.
Pan Yuehan, head of the Shanghai branch of Bank of China Ltd, said the new measures have made a breakthrough in the administration of exchange settlement.
"In the past enterprises needed to apply for approval for exchange settlement when faced with demand. Now, under the new measures, which enable settlement at willing, enterprises can make deposits after settlement, which helps enterprises to hedge exchange risks," said Pan.
Pan said he expects new measures to boost investment and trade, especially regarding commodities such as fuel and non-ferrous metals.
Tu Guangshao, vice-mayor of Shanghai, said there will be more detailed policies and measures to be introduced to boost trade and financial services in the FTZ.
"The new measures will help lenders to improve their services and improve their competencies," said Tu.
The vice-mayor added that these efforts and the effects of pushing forward financial market reforms in the FTZ are aimed at helping trade within the zone and to producing experiences that can be duplicated throughout China in the future.
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ecns
Regulator clarifies details of FX rules for FTZ
http://www.ecns.cn/business/2014/03-01/102919.shtml
Mar 1st 2014, 03:12
2014-03-01 12:12
The Shanghai branch of the State Administration of Foreign Exchange on Friday clarified details of new measures regarding the conduct of foreign exchange businesses in the China (Shanghai) Pilot Free Trade Zone, a move to further loosen capital controls and boost trade and financial services.
New measures introduced by the administration included loosening management over credit and debt, removal of cross-border guarantee approval requirements and raising the foreign currency loan caps of enterprises within the zone.
Zhang Xin, head of the administration's Shanghai branch, said the new measures will significantly improve the efficiency of capital use and ease fundraising for enterprises within the FTZ.
"The new measures reflect the philosophies and practices of foreign exchange administration," said Zhang, adding the administration will also strengthen cooperation with other administrations to realize effective risk controls to guard against systematic and regional financial risks.
Removal of cross-border guarantee approval requirements would help companies incorporated in China raise funds in the offshore markets and support their overseas expansion.
More companies should be able to issue guarantees to support their offshore debt.
Currently, it is difficult for Chinese companies to obtain the administration's approval to guarantee bonds issued by offshore subsidiaries. Allowing them simply to register their cross-border guarantees would allow more of them to issue these guarantees, according to a research note by Moody's Investors Service.
Lenders said the new measures will boost development of the growth of company headquarters within the zone and will benefit commodity trade within it.
Pan Yuehan, head of the Shanghai branch of Bank of China Ltd, said the new measures have made a breakthrough in the administration of exchange settlement.
"In the past enterprises needed to apply for approval for exchange settlement when faced with demand. Now, under the new measures, which enable settlement at willing, enterprises can make deposits after settlement, which helps enterprises to hedge exchange risks," said Pan.
Pan said he expects new measures to boost investment and trade, especially regarding commodities such as fuel and non-ferrous metals.
Tu Guangshao, vice-mayor of Shanghai, said there will be more detailed policies and measures to be introduced to boost trade and financial services in the FTZ.
"The new measures will help lenders to improve their services and improve their competencies," said Tu.
The vice-mayor added that these efforts and the effects of pushing forward financial market reforms in the FTZ are aimed at helping trade within the zone and to producing experiences that can be duplicated throughout China in the future.
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ecns [expanded by feedex.net]: New rules for online financial products
ecns [expanded by feedex.net]
ecns
New rules for online financial products
http://www.ecns.cn/business/2014/03-01/102921.shtml
Mar 1st 2014, 03:20
2014-03-01 12:20
The China Securities Regulatory Commission said on Friday it will draw up special regulations governing online sales of financial instruments and mandating tighter risk controls for money market funds.
Zhang Xiaojun, a spokesman for the agency, told a news conference that regulators have taken note of the fast growth of Yu'ebao, an investment service offered by Tian Hong Asset Management and online payments provider Alipay (a division of Alibaba Group Holding Ltd).
Zhang reiterated that these online funds are an innovation that helps promote interest rate liberalization and the rapid development of the Internet.
"Yu'ebao is a convenient account value-added service, and it is a hybrid innovation of the third-party payment business and money market fund products," Zhang said.
In the business model of Yu'ebao, Alipay is neither involved in specific fund sales nor the investment processes.
It only introduces clients to fund products through the broad Internet platform.
China's money market funds have exhibited sound and accelerating development, which can help satisfy the financing needs of small and medium-scale investors, according to the CSRC.
In addition, the financial innovation can help improve the capital structure of the fund industry and raise the proportion of direct financing.
"But we have also noticed some illegal promotion and advertising activities by fund management companies.
"Some of them don't fully disclose potential risks to investors and some don't have quality risk management systems," said the spokesman.
The CSRC reminded investors that money market fund products are different from bank deposits and don't guarantee particular investment returns.
"So we need to tighten supervision of money market funds to better protect investors' interests and prevent systemic risks," said Zhang.
The relatively high return rates offered by the new Internet financial products have attracted a fast-growing group of investors. According to Zhou Xiaoming, vice-general manager of Tian Hong, Yu'ebao had more than 81 million accounts as of Wednesday.
Total deposits stood at more than 400 billion yuan on Feb 14, up from 250 billion yuan on Jan 15.
Meanwhile, there's been sometimes heated discussion about the potential risks of these new innovations to China's financial system.
Niu Wenxin, the executive editor of CCTV's Stock Information Channel, penned a piece calling Yu'ebao "a vampire feeding on the blood of banks" and urging the authorities to ban it.
But on Sina.com, an online survey found that 91.6 percent out of 49,097 respondents opposed a ban.
On Wednesday, Yu'ebao reported its seven-day average annualized return rate was 6.093 percent, compared with its highest level of 6.763 percent on Jan 2.
A similar financial product provided by Tencent Holdings Ltd's WeChat cut its seven-day average annualized return rate to 6.196 percent. That rate peaked at 7.902 percent on Jan 29.
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ecns
New rules for online financial products
http://www.ecns.cn/business/2014/03-01/102921.shtml
Mar 1st 2014, 03:20
2014-03-01 12:20
The China Securities Regulatory Commission said on Friday it will draw up special regulations governing online sales of financial instruments and mandating tighter risk controls for money market funds.
Zhang Xiaojun, a spokesman for the agency, told a news conference that regulators have taken note of the fast growth of Yu'ebao, an investment service offered by Tian Hong Asset Management and online payments provider Alipay (a division of Alibaba Group Holding Ltd).
Zhang reiterated that these online funds are an innovation that helps promote interest rate liberalization and the rapid development of the Internet.
"Yu'ebao is a convenient account value-added service, and it is a hybrid innovation of the third-party payment business and money market fund products," Zhang said.
In the business model of Yu'ebao, Alipay is neither involved in specific fund sales nor the investment processes.
It only introduces clients to fund products through the broad Internet platform.
China's money market funds have exhibited sound and accelerating development, which can help satisfy the financing needs of small and medium-scale investors, according to the CSRC.
In addition, the financial innovation can help improve the capital structure of the fund industry and raise the proportion of direct financing.
"But we have also noticed some illegal promotion and advertising activities by fund management companies.
"Some of them don't fully disclose potential risks to investors and some don't have quality risk management systems," said the spokesman.
The CSRC reminded investors that money market fund products are different from bank deposits and don't guarantee particular investment returns.
"So we need to tighten supervision of money market funds to better protect investors' interests and prevent systemic risks," said Zhang.
The relatively high return rates offered by the new Internet financial products have attracted a fast-growing group of investors. According to Zhou Xiaoming, vice-general manager of Tian Hong, Yu'ebao had more than 81 million accounts as of Wednesday.
Total deposits stood at more than 400 billion yuan on Feb 14, up from 250 billion yuan on Jan 15.
Meanwhile, there's been sometimes heated discussion about the potential risks of these new innovations to China's financial system.
Niu Wenxin, the executive editor of CCTV's Stock Information Channel, penned a piece calling Yu'ebao "a vampire feeding on the blood of banks" and urging the authorities to ban it.
But on Sina.com, an online survey found that 91.6 percent out of 49,097 respondents opposed a ban.
On Wednesday, Yu'ebao reported its seven-day average annualized return rate was 6.093 percent, compared with its highest level of 6.763 percent on Jan 2.
A similar financial product provided by Tencent Holdings Ltd's WeChat cut its seven-day average annualized return rate to 6.196 percent. That rate peaked at 7.902 percent on Jan 29.
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ecns [expanded by feedex.net]: 2014 NPC & CPPCC Sessions
ecns [expanded by feedex.net]
ecns
2014 NPC & CPPCC Sessions
http://www.ecns.cn/z/2014/2014NPCCPPCC/index.html
Feb 28th 2014, 11:04
Annual Sessions [中文]
China's reforms and a moderate economic growth target for this year are set to be the highlights of the upcoming annual sessions.
China's top legislature made a decision Thursday to set December 13 as a national memorial day to commemorate those killed by Japanese aggressors during the Nanjing Massacre.
Security to be expanded
The Ministry of Public Security has announced expanded security for the upcoming plenary sessions. [Read more]
Whether or not China can sustain its unprecedented 'growth miracle' after decades of rapid economic expansion is a question that has grabbed world attention. [Read more]
The National People's Congress and the Chinese People's Political Consultative Conference sessions in early March should be a time to reaffirm China's resolve to fight corruption. [Read more]
Smog to loom large
Environmental issues will be a major focus at the upcoming sessions. [Read more]
Press center for 2014 sessions launched in Beijing
Work Review
Editor's Note：China has witnessed many key events in the past year, including the election of the nation's new leadership, reforms in varied fields to improve people's livelihood, remarkable advances in space science, and others too numerous to mention.
CPC announces decision on comprehensive reform
The 18th Central Committee of the Communist Party of China (CPC) on Tuesday approved a decision on 'major issues concerning comprehensively deepening reforms' at the close of their four-day meeting.
Please wait...
Clean governance
Premier Li Keqiang pledged to combat corruption, boost government transparency and build a clean government.
Anti-pollution plans
The central government will introduce a series of policies to implement a landmark anti-pollution action plan.
Pension system
China's recently declared intention to unify pension schemes has won acclaim, but challenges lie ahead.
Financial reform
China's four major financial authorities have announced their priorities for 2014.
Medical reform
Beijing is seeking central government support to build wholly foreign-owned medical establishments.
New energy vehicles
China will extend a program for subsidizing new energy vehicles beyond 2015.
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ecns
2014 NPC & CPPCC Sessions
http://www.ecns.cn/z/2014/2014NPCCPPCC/index.html
Feb 28th 2014, 11:04
Annual Sessions [中文]
China's reforms and a moderate economic growth target for this year are set to be the highlights of the upcoming annual sessions.
China's top legislature made a decision Thursday to set December 13 as a national memorial day to commemorate those killed by Japanese aggressors during the Nanjing Massacre.
Security to be expanded
The Ministry of Public Security has announced expanded security for the upcoming plenary sessions. [Read more]
Whether or not China can sustain its unprecedented 'growth miracle' after decades of rapid economic expansion is a question that has grabbed world attention. [Read more]
The National People's Congress and the Chinese People's Political Consultative Conference sessions in early March should be a time to reaffirm China's resolve to fight corruption. [Read more]
Smog to loom large
Environmental issues will be a major focus at the upcoming sessions. [Read more]
Press center for 2014 sessions launched in Beijing
Work Review
Editor's Note：China has witnessed many key events in the past year, including the election of the nation's new leadership, reforms in varied fields to improve people's livelihood, remarkable advances in space science, and others too numerous to mention.
CPC announces decision on comprehensive reform
The 18th Central Committee of the Communist Party of China (CPC) on Tuesday approved a decision on 'major issues concerning comprehensively deepening reforms' at the close of their four-day meeting.
Please wait...
Clean governance
Premier Li Keqiang pledged to combat corruption, boost government transparency and build a clean government.
Anti-pollution plans
The central government will introduce a series of policies to implement a landmark anti-pollution action plan.
Pension system
China's recently declared intention to unify pension schemes has won acclaim, but challenges lie ahead.
Financial reform
China's four major financial authorities have announced their priorities for 2014.
Medical reform
Beijing is seeking central government support to build wholly foreign-owned medical establishments.
New energy vehicles
China will extend a program for subsidizing new energy vehicles beyond 2015.
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ecns [expanded by feedex.net]: Provisional regulations on social assistance effective on May 1st
ecns [expanded by feedex.net]
ecns
Provisional regulations on social assistance effective on May 1st
http://www.ecns.cn/2014/02-28/102903.shtml
Feb 28th 2014, 07:53
2014-02-28 16:53 CNTV Web Editor: Li Yan
China's Ministry of Civil Affairs has briefed the media on the "Provisional Regulations on Social Assistance". Chinese Premier Li Keqiang signed a decree to issue the regulations which will come into effect on May the 1st. The regulations are the country's first legal document to coordinate and regulate a fragmentary social assistance system. They include a minimum level of living standards, support for extremely poor people, assistance for people affected by disasters, medical assistance, and help in areas including education, housing and employment. During the press conference, the Minister of Civil Affairs, Li Liguo, said China's social assistance work has developed rapidly in recent years .
Li said, "The regulations will provide a legal basis for social assistance. They will help to co-ordinate the establishment of the social assistance work. The regulations will also help to improve the social assistance system and set up a safety net by guaranteeing the basic living standards of poverty-stricken people. "
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ecns
Provisional regulations on social assistance effective on May 1st
http://www.ecns.cn/2014/02-28/102903.shtml
Feb 28th 2014, 07:53
2014-02-28 16:53 CNTV Web Editor: Li Yan
China's Ministry of Civil Affairs has briefed the media on the "Provisional Regulations on Social Assistance". Chinese Premier Li Keqiang signed a decree to issue the regulations which will come into effect on May the 1st. The regulations are the country's first legal document to coordinate and regulate a fragmentary social assistance system. They include a minimum level of living standards, support for extremely poor people, assistance for people affected by disasters, medical assistance, and help in areas including education, housing and employment. During the press conference, the Minister of Civil Affairs, Li Liguo, said China's social assistance work has developed rapidly in recent years .
Li said, "The regulations will provide a legal basis for social assistance. They will help to co-ordinate the establishment of the social assistance work. The regulations will also help to improve the social assistance system and set up a safety net by guaranteeing the basic living standards of poverty-stricken people. "
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ecns [expanded by feedex.net]: Weakening yuan weighs on Shanghai market
ecns [expanded by feedex.net]
ecns
Weakening yuan weighs on Shanghai market
http://www.ecns.cn/business/2014/02-28/102900.shtml
Feb 28th 2014, 07:47
2014-02-28 16:47
Shanghai stocks declined on Friday morning when the key index slipped in its biggest weekly loss in two months after the yuan posted the biggest intraday drop since 2007.
The benchmark Shanghai Composite Index fell 0.95 percent, or 19.47 points, to 2,027.88. Turnover was 50 billion yuan (US$8.2 billion) by midday.
The Chinese yuan weakened as much as 0.9 percent to 6.1808 against the US dollar today, the biggest intraday drop since 2007, data from the Bloomberg showed.
The yuan's decline in the past week has fueled concerns about a capital outflow among investors.
The stock market is expected to continue a weak run as investors are pessimistic about the economy and market liquidity, Dongguan Securities said in a note today.
Most small-cap shares lost. Top Choice Medical Investment Co Inc slumped 7 percent to 41.75 yuan. Jishi Media Co Ltd decreased 4.7 percent to 10.68 yuan. Chinese Universe Publishing and Media Co Ltd dropped 5.6 percent to 21.57 yuan.
Gold shares rose on rising gold prices. Shandong Gold Mining Co Ltd climbed 4 percent to 18.67 yuan. Zhongjin Gold Corp Ltd added 1.3 percent to 8.62 yuan.
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ecns
Weakening yuan weighs on Shanghai market
http://www.ecns.cn/business/2014/02-28/102900.shtml
Feb 28th 2014, 07:47
2014-02-28 16:47
Shanghai stocks declined on Friday morning when the key index slipped in its biggest weekly loss in two months after the yuan posted the biggest intraday drop since 2007.
The benchmark Shanghai Composite Index fell 0.95 percent, or 19.47 points, to 2,027.88. Turnover was 50 billion yuan (US$8.2 billion) by midday.
The Chinese yuan weakened as much as 0.9 percent to 6.1808 against the US dollar today, the biggest intraday drop since 2007, data from the Bloomberg showed.
The yuan's decline in the past week has fueled concerns about a capital outflow among investors.
The stock market is expected to continue a weak run as investors are pessimistic about the economy and market liquidity, Dongguan Securities said in a note today.
Most small-cap shares lost. Top Choice Medical Investment Co Inc slumped 7 percent to 41.75 yuan. Jishi Media Co Ltd decreased 4.7 percent to 10.68 yuan. Chinese Universe Publishing and Media Co Ltd dropped 5.6 percent to 21.57 yuan.
Gold shares rose on rising gold prices. Shandong Gold Mining Co Ltd climbed 4 percent to 18.67 yuan. Zhongjin Gold Corp Ltd added 1.3 percent to 8.62 yuan.
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ecns [expanded by feedex.net]: Restaurant closed for breaking heritage regulations in Shanxi
ecns [expanded by feedex.net]
ecns
Restaurant closed for breaking heritage regulations in Shanxi
http://www.ecns.cn/2014/02-28/102901.shtml
Feb 28th 2014, 07:48
2014-02-28 16:48 CNTV Web Editor: Li Yan
An exclusive restaurant in north China's Shanxi Province has been ordered to close, because it broke conservation laws. Wang Gong Guan restaurant was built inside a historic century-old building. But current conservation rules ban commercial businesses operating within sites of "cultural significance". A row has now broken out, with the restaurant owners saying the building was derelict before they moved in.and that it wasn't listed for protection at the time.
Here in a small alley in central Taiyuan is Wang Gong Guan. It used be the residence of an important military chief in the early part of the 20th century.
In 2009, the building was in a bad way. The Wang Gong Guan food company spent 34 million yuan turning it into a high end restaurant. The conversion was then backed by the local cultural relic protection department.
But two years later, the building was deemed as having cultural significance and listed for protection. The restaurant has now been forced to close, a move, it says, highly unfair.
"It's not fair because we repaired the old mansion ourselves and made it into a restaurant. And, then later they came to name it as a cultural relic. When we renovated this place, all the relevant officials knew what was happening. They even came to see the construction work."Du Hugang, general manager of Wang Gong Guan Food & Culture Co., said.
The company leased the building from its owners in 2007. The lease requires the mansion to be renovated professionally, and includes the right to run a business that "conforms to local culture."
"If the conservation regulation had existed at the time, we wouldn't have spent so much repairing the mansion. But we invested money, so now we have to make a profit. It's not like some other listed buildings that get national financial support."Du said.
The Wang Gong Guan food company is appealing the decision.
Experts say the issue is complex. Not all protected buildings receive financial support from the government, meaning that private capital is often the only way they can survive.
Shanxi has many historic buildings and cultural sites in urgent need of funding.... money that the local government simply doesn't have.
"The challenge is that many local governments lack the money to protect cultural relics, many of which are deteriorating. We need to formulate a more practical mechanism. Private investment should be encouraged."Professor Gao Chunping with Shanxi Academy Of Social Science said.
Experts say private investment can be very effective in helping to protect buildings and sites of cultural significance. But strict government supervision and professional guidance will always be needed, to stop profit from being the only priority. The focus should always be to restore and protect the original spirit and appearance of the building itself.
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ecns
Restaurant closed for breaking heritage regulations in Shanxi
http://www.ecns.cn/2014/02-28/102901.shtml
Feb 28th 2014, 07:48
2014-02-28 16:48 CNTV Web Editor: Li Yan
An exclusive restaurant in north China's Shanxi Province has been ordered to close, because it broke conservation laws. Wang Gong Guan restaurant was built inside a historic century-old building. But current conservation rules ban commercial businesses operating within sites of "cultural significance". A row has now broken out, with the restaurant owners saying the building was derelict before they moved in.and that it wasn't listed for protection at the time.
Here in a small alley in central Taiyuan is Wang Gong Guan. It used be the residence of an important military chief in the early part of the 20th century.
In 2009, the building was in a bad way. The Wang Gong Guan food company spent 34 million yuan turning it into a high end restaurant. The conversion was then backed by the local cultural relic protection department.
But two years later, the building was deemed as having cultural significance and listed for protection. The restaurant has now been forced to close, a move, it says, highly unfair.
"It's not fair because we repaired the old mansion ourselves and made it into a restaurant. And, then later they came to name it as a cultural relic. When we renovated this place, all the relevant officials knew what was happening. They even came to see the construction work."Du Hugang, general manager of Wang Gong Guan Food & Culture Co., said.
The company leased the building from its owners in 2007. The lease requires the mansion to be renovated professionally, and includes the right to run a business that "conforms to local culture."
"If the conservation regulation had existed at the time, we wouldn't have spent so much repairing the mansion. But we invested money, so now we have to make a profit. It's not like some other listed buildings that get national financial support."Du said.
The Wang Gong Guan food company is appealing the decision.
Experts say the issue is complex. Not all protected buildings receive financial support from the government, meaning that private capital is often the only way they can survive.
Shanxi has many historic buildings and cultural sites in urgent need of funding.... money that the local government simply doesn't have.
"The challenge is that many local governments lack the money to protect cultural relics, many of which are deteriorating. We need to formulate a more practical mechanism. Private investment should be encouraged."Professor Gao Chunping with Shanxi Academy Of Social Science said.
Experts say private investment can be very effective in helping to protect buildings and sites of cultural significance. But strict government supervision and professional guidance will always be needed, to stop profit from being the only priority. The focus should always be to restore and protect the original spirit and appearance of the building itself.
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ecns [expanded by feedex.net]: US biggest violator of non-Americans' human rights: report
ecns [expanded by feedex.net]
ecns
US biggest violator of non-Americans' human rights: report
http://www.ecns.cn/2014/02-28/102902.shtml
Feb 28th 2014, 07:51
2014-02-28 16:51 Xinhua Web Editor: Gu Liping
The Untied States is the world's biggest violator of human rights of non-American persons and has been strongly condemned for conducting surveillance and prisoner torture around the globe, a report on US human rights said Friday.
The Human Rights Record of the United States in 2013 was released by the Information Office of China's State Council, or the Cabinet, in response to the Country Reports on Human Rights Practices for 2013 issued by the US State Department on Thursday.
A large number of overseas surveillance projects conducted by the U.S. violated other countries' sovereignty and the civil rights of their people, said the report.
The US National Security Agency monitored the phone conversations of 35 leaders of other countries and collected five billion pieces of information every day through tracking cell phone movements around the world, China cited a classified document exposed by whistleblower Edward Snowden as saying.
Frequent drone strikes by the US have caused a large amount of non-American civilian casualties, said the report, adding the U.S. carried out 376 drone strikes in Pakistan since 2004, and up to 926 civilians were reported dead.
The US tortures prisoners in other countries and regions, China said in the report, adding Guantanamo Bay detainees' human rights were severely damaged with many of them held there indefinitely without trial.
A total of 92 Guantanamo military prisoners joined in the hunger strike that began in February 2013, to protest indefinite incarceration and bad treatment, the report said.
"Force feedings were carried out. Inmates were chained to chairs by Army guards, tubes were inserted through their noses by Navy medical workers," it added.
The US government authorized the Central Intelligence Agency (CIA) to operate a secret detention program which involved the establishment of clandestine detention facilities on the territory of other states in 2001, the report said.
At least 136 individuals were reportedly extraordinarily rendered or secretly detained by the CIA.
"Despite wide criticism against the CIA's illegal action, no American official has so far been brought to justice," said the report.
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ecns
US biggest violator of non-Americans' human rights: report
http://www.ecns.cn/2014/02-28/102902.shtml
Feb 28th 2014, 07:51
2014-02-28 16:51 Xinhua Web Editor: Gu Liping
The Untied States is the world's biggest violator of human rights of non-American persons and has been strongly condemned for conducting surveillance and prisoner torture around the globe, a report on US human rights said Friday.
The Human Rights Record of the United States in 2013 was released by the Information Office of China's State Council, or the Cabinet, in response to the Country Reports on Human Rights Practices for 2013 issued by the US State Department on Thursday.
A large number of overseas surveillance projects conducted by the U.S. violated other countries' sovereignty and the civil rights of their people, said the report.
The US National Security Agency monitored the phone conversations of 35 leaders of other countries and collected five billion pieces of information every day through tracking cell phone movements around the world, China cited a classified document exposed by whistleblower Edward Snowden as saying.
Frequent drone strikes by the US have caused a large amount of non-American civilian casualties, said the report, adding the U.S. carried out 376 drone strikes in Pakistan since 2004, and up to 926 civilians were reported dead.
The US tortures prisoners in other countries and regions, China said in the report, adding Guantanamo Bay detainees' human rights were severely damaged with many of them held there indefinitely without trial.
A total of 92 Guantanamo military prisoners joined in the hunger strike that began in February 2013, to protest indefinite incarceration and bad treatment, the report said.
"Force feedings were carried out. Inmates were chained to chairs by Army guards, tubes were inserted through their noses by Navy medical workers," it added.
The US government authorized the Central Intelligence Agency (CIA) to operate a secret detention program which involved the establishment of clandestine detention facilities on the territory of other states in 2001, the report said.
At least 136 individuals were reportedly extraordinarily rendered or secretly detained by the CIA.
"Despite wide criticism against the CIA's illegal action, no American official has so far been brought to justice," said the report.
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Thursday, February 27, 2014
ecns [expanded by feedex.net]: Antitrust law 'will level the playing field'
ecns [expanded by feedex.net]
ecns
Antitrust law 'will level the playing field'
http://www.ecns.cn/business/2014/02-28/102714.shtml
Feb 27th 2014, 22:50
2014-02-28 07:50
The Ministry of Commerce is drafting improvements to the nation's antitrust laws, part of the government's drive to build a level playing field for all companies.
"We have finished the draft of 'Imposing Restrictive Conditions on the Concentration of Undertakings'. It is undergoing internal approvals and is expected to be released in the first half of this year," Shang Ming, direc-tor-general of the anti-monopoly bureau of the ministry, told a news confer-ence on Thursday.
The rules will spell out in detail the restrictions that may be imposed by anti-mo-nopoly authorities in reviews of mergers and acquisitions.
The regulations will replace interim provisions issued in July 2010, known as Implementing Assets or Business Divestment Related to the Concentration of Undertakings.
China is a relative newcomer in terms of anti-monopoly reviews, but its reviews increased rapidly after Aug 1, 2008, when the Anti-Monopoly Law took effect.
As of Dec 31, the ministry had received 866 filings related to industrial concentration, officially accepted 797 and settled 740 cases, according to the ministry.
Breaking down the settled cases, 717 were approved without conditions, 22 were conditionally approved, and one was rejected, the ministry said.
In 2013 alone, the ministry received 224 filings involving industrial concentration, up 8 percent, and accepted 212 of them, up 12.8 percent.
Of those cases, 207 were resolved, up 26 percent, with four conditionally approved.
In April 2013, the ministry approved the acquisition of Xstrata Plc by Glencore International Plc, the largest merger in mining history, but with restrictions, saying that the transaction would limit competition in copper, lead and zinc concentrates.
China is the largest target market for Glencore's mining products and an important target market for Xstrata's mining products.
The National Development and Reform Commission has confirmed that it is conduct-ing an antitrust investigation into US mobile chipmaker Qualcomm Inc for allegedly abusing its dominance in the wireless telecommunication copyright and chip markets.
"As for restrictive condi-tions, China took various measures, and they were determined by the specifics of each case and the difference in terms of competition issues.
"We are summarizing the experience from these cases and will set down effective measures in the draft rule," Shang said.
To make reviews more effi-cient and reduce filing bur-dens, the ministry on Feb 11 released the final version of its Interim Provisions on the Standards that Apply to Sim-plified Cases of Concentra-tions of Undertakings.
The document is seen as a genuine fast-track procedure for simple cases.
Zhang Yizhe, a partner in the antitrust and competition practice at Jones Day law firm, said that the ministry has established itself as an "important stop" in the global merger clearance process for international transactions.
"The biggest challenge during the ministry's investigation of transactions that may raise competition concerns is that the parties aren't given much detail regarding the ministry's concerns, the underlying evidence and its theory of competitive harm," Zhang said.
Last year, China pledged to accelerate the construction of a modern market system and let the market play a decisive role in allocating resources.
These reforms are intended to end local protectionism, strengthen anti-monopoly efforts and combat unfair competition.
Yao Jian, spokesman for the ministry, said that the ministry and other government departments are working to clear regional "blockades" and industrial monopolies.
That effort includes improving tax provisions for operations that cover more than one region, removing discriminatory product and service prices within a region, and dismantling barriers to the flow of products and ser-vices between regions.
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ecns
Antitrust law 'will level the playing field'
http://www.ecns.cn/business/2014/02-28/102714.shtml
Feb 27th 2014, 22:50
2014-02-28 07:50
The Ministry of Commerce is drafting improvements to the nation's antitrust laws, part of the government's drive to build a level playing field for all companies.
"We have finished the draft of 'Imposing Restrictive Conditions on the Concentration of Undertakings'. It is undergoing internal approvals and is expected to be released in the first half of this year," Shang Ming, direc-tor-general of the anti-monopoly bureau of the ministry, told a news confer-ence on Thursday.
The rules will spell out in detail the restrictions that may be imposed by anti-mo-nopoly authorities in reviews of mergers and acquisitions.
The regulations will replace interim provisions issued in July 2010, known as Implementing Assets or Business Divestment Related to the Concentration of Undertakings.
China is a relative newcomer in terms of anti-monopoly reviews, but its reviews increased rapidly after Aug 1, 2008, when the Anti-Monopoly Law took effect.
As of Dec 31, the ministry had received 866 filings related to industrial concentration, officially accepted 797 and settled 740 cases, according to the ministry.
Breaking down the settled cases, 717 were approved without conditions, 22 were conditionally approved, and one was rejected, the ministry said.
In 2013 alone, the ministry received 224 filings involving industrial concentration, up 8 percent, and accepted 212 of them, up 12.8 percent.
Of those cases, 207 were resolved, up 26 percent, with four conditionally approved.
In April 2013, the ministry approved the acquisition of Xstrata Plc by Glencore International Plc, the largest merger in mining history, but with restrictions, saying that the transaction would limit competition in copper, lead and zinc concentrates.
China is the largest target market for Glencore's mining products and an important target market for Xstrata's mining products.
The National Development and Reform Commission has confirmed that it is conduct-ing an antitrust investigation into US mobile chipmaker Qualcomm Inc for allegedly abusing its dominance in the wireless telecommunication copyright and chip markets.
"As for restrictive condi-tions, China took various measures, and they were determined by the specifics of each case and the difference in terms of competition issues.
"We are summarizing the experience from these cases and will set down effective measures in the draft rule," Shang said.
To make reviews more effi-cient and reduce filing bur-dens, the ministry on Feb 11 released the final version of its Interim Provisions on the Standards that Apply to Sim-plified Cases of Concentra-tions of Undertakings.
The document is seen as a genuine fast-track procedure for simple cases.
Zhang Yizhe, a partner in the antitrust and competition practice at Jones Day law firm, said that the ministry has established itself as an "important stop" in the global merger clearance process for international transactions.
"The biggest challenge during the ministry's investigation of transactions that may raise competition concerns is that the parties aren't given much detail regarding the ministry's concerns, the underlying evidence and its theory of competitive harm," Zhang said.
Last year, China pledged to accelerate the construction of a modern market system and let the market play a decisive role in allocating resources.
These reforms are intended to end local protectionism, strengthen anti-monopoly efforts and combat unfair competition.
Yao Jian, spokesman for the ministry, said that the ministry and other government departments are working to clear regional "blockades" and industrial monopolies.
That effort includes improving tax provisions for operations that cover more than one region, removing discriminatory product and service prices within a region, and dismantling barriers to the flow of products and ser-vices between regions.
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ecns [expanded by feedex.net]: Asset theft is top economic crime in China
ecns [expanded by feedex.net]
ecns
Asset theft is top economic crime in China
http://www.ecns.cn/business/2014/02-28/102713.shtml
Feb 27th 2014, 22:47
2014-02-28 07:47
China's economic crime rate may be lower than that of the world, but many companies in the Chinese mainland are extremely concerned about bribery, corruption and procurement fraud, according to a PwC survey released on Thursday.
The analysis is based on responses from more than 5,000 executives from 95 countries and regions, including 85 in the Chinese mainland and 116 in Hong Kong and Macao, and given during the past 24 months.
The report said 27 percent of mainland respondents and 16 percent from Hong Kong and Macao said they had been victims of economic crime, compared with 37 percent globally and 32 percent in Asia Pacific.
But a reduced capability among mainland-based organizations to detect economic crime could partly explain the results.
Asset misappropriation in China was the largest type of fraud reported, which was in line with global results.
In the mainland, procurement fraud came second, as reported by respondents who said their organizations had suffered economic crime.
It was closely followed by bribery and corruption in the mainland, and money laundering and cybercrime in Hong Kong and Macao.
"Two recurring themes featured heavily in the Chinese mainland within the survey: concern about bribery and corruption and that of procurement fraud and kickbacks," said John Donker, a Hong Kong-based partner at PwC China who was responsible for the survey.
About 39 percent of mainland respondents who said they were crime victims said they had experienced bribery and corruption, and 41 percent predicted that it would increase.
Respondents in the mainland said they were five times more likely to be asked to pay a bribe than respondents in Hong Kong and one-and-a-half times likelier than regional and global averages.
Their concern about bribery and corruption were said to stem partly from the ongoing anti-corruption drive on the mainland, which has resulted in disciplinary measures against officials nationwide and involved multinational corporations and their foreign executives. "We have already seen China government's increasing efforts to address this," Donker said.
Procurement fraud was identified by mainland respondents as one of the most frequently experienced economic crimes, with 48 percent of respondents suffering economic crimes saying they encountered it mainly during stages of vendor selection, contracting and bidding process. The figure was significantly higher than the global result of 29 percent.
The survey also showed that in almost four out of every five economic crimes reported in the Chinese mainland, the perpetrator was identified as someone inside the company and that 28 percent of these perpetrators were under the age of 30.
"The prevalence of internal economic crime themes suggests that many organizations in China need to continue to focus effort on implementing and enforcing internal controls," Donker said.
"They need to address a lack of organizational transparency and ensure that they monitor suppliers and employee relationships."
The data-dependent businesses in Hong Kong, combined with the rapid growth of social media, underscore the growing threat posed by cybercrime. In Hong Kong and Macao, 37 percent of respondents said they had been victimized by cybercrime.
In addition, 99 percent of respondents said that the risk of cybercrime has remained at a steady level or increased.
"Ultimately, cybercrime is not strictly a technology problem but a strategy problem, a people problem and a process problem," said Ramesh Moosa, a partner at PwC China.
"Organizations are not being attacked by computers but by people attempting to exploit human frailty as much as technical vulnerability," he pointed out.
The survey also found that 37 percent of Hong Kong and Macao respondents had encountered money laundering, three times more than regional and global averages.
"The concentration of financial services businesses in Hong Kong and risks faced by Macao's large gaming sector, combined with increased local and global regulatory activity, makes this a significant area of future focus," said Donker.
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ecns
Asset theft is top economic crime in China
http://www.ecns.cn/business/2014/02-28/102713.shtml
Feb 27th 2014, 22:47
2014-02-28 07:47
China's economic crime rate may be lower than that of the world, but many companies in the Chinese mainland are extremely concerned about bribery, corruption and procurement fraud, according to a PwC survey released on Thursday.
The analysis is based on responses from more than 5,000 executives from 95 countries and regions, including 85 in the Chinese mainland and 116 in Hong Kong and Macao, and given during the past 24 months.
The report said 27 percent of mainland respondents and 16 percent from Hong Kong and Macao said they had been victims of economic crime, compared with 37 percent globally and 32 percent in Asia Pacific.
But a reduced capability among mainland-based organizations to detect economic crime could partly explain the results.
Asset misappropriation in China was the largest type of fraud reported, which was in line with global results.
In the mainland, procurement fraud came second, as reported by respondents who said their organizations had suffered economic crime.
It was closely followed by bribery and corruption in the mainland, and money laundering and cybercrime in Hong Kong and Macao.
"Two recurring themes featured heavily in the Chinese mainland within the survey: concern about bribery and corruption and that of procurement fraud and kickbacks," said John Donker, a Hong Kong-based partner at PwC China who was responsible for the survey.
About 39 percent of mainland respondents who said they were crime victims said they had experienced bribery and corruption, and 41 percent predicted that it would increase.
Respondents in the mainland said they were five times more likely to be asked to pay a bribe than respondents in Hong Kong and one-and-a-half times likelier than regional and global averages.
Their concern about bribery and corruption were said to stem partly from the ongoing anti-corruption drive on the mainland, which has resulted in disciplinary measures against officials nationwide and involved multinational corporations and their foreign executives. "We have already seen China government's increasing efforts to address this," Donker said.
Procurement fraud was identified by mainland respondents as one of the most frequently experienced economic crimes, with 48 percent of respondents suffering economic crimes saying they encountered it mainly during stages of vendor selection, contracting and bidding process. The figure was significantly higher than the global result of 29 percent.
The survey also showed that in almost four out of every five economic crimes reported in the Chinese mainland, the perpetrator was identified as someone inside the company and that 28 percent of these perpetrators were under the age of 30.
"The prevalence of internal economic crime themes suggests that many organizations in China need to continue to focus effort on implementing and enforcing internal controls," Donker said.
"They need to address a lack of organizational transparency and ensure that they monitor suppliers and employee relationships."
The data-dependent businesses in Hong Kong, combined with the rapid growth of social media, underscore the growing threat posed by cybercrime. In Hong Kong and Macao, 37 percent of respondents said they had been victimized by cybercrime.
In addition, 99 percent of respondents said that the risk of cybercrime has remained at a steady level or increased.
"Ultimately, cybercrime is not strictly a technology problem but a strategy problem, a people problem and a process problem," said Ramesh Moosa, a partner at PwC China.
"Organizations are not being attacked by computers but by people attempting to exploit human frailty as much as technical vulnerability," he pointed out.
The survey also found that 37 percent of Hong Kong and Macao respondents had encountered money laundering, three times more than regional and global averages.
"The concentration of financial services businesses in Hong Kong and risks faced by Macao's large gaming sector, combined with increased local and global regulatory activity, makes this a significant area of future focus," said Donker.
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ecns [expanded by feedex.net]: Alibaba to help build 'smart city'
ecns [expanded by feedex.net]
ecns
Alibaba to help build 'smart city'
http://www.ecns.cn/business/2014/02-28/102716.shtml
Feb 27th 2014, 22:56
2014-02-28 07:56
Chinese e-commerce giant Alibaba Group plans to pour $820 million into helping build a "smart city" with advanced computing facilities on China's southernmost island province of Hainan.
With Hainan designated to pilot the scheme, Alibaba on Thursday signed an agreement with the administrative committee charged with developing the tourism-focused island toward a mode based on big data and cloud computing.
"Basically, when tourists come to Hainan a few years from now, they need only bring their cell phones with them and they can travel worry-free around the island," said Alibaba chairman Jack Ma.
The smart cities concept was created by IBM. It promotes the use of new technologies to allow users to control objects through cloud computing and boost information sharing and coordination within an urban area.
"Alibaba has developed the world's largest e-commerce platform and largest third-party online payment platform since it was founded 15 years ago. It's also a cloud-counting platform under safe and high-speed operation, which are the basic requirements for building a smart city here," said Ma.
The facility will serve enterprises, cover all the aspects of living, and can also be applied to improve public services, according to the tech chief.
Beside the technical part, Alibaba's investment will also be used to establish an e-commerce college and develop the cultural creativity industry, he said.
China launched a smart city program in 2012, with over 130 cities selected as pilots, as a part of the country's efforts to explore ways to foster a new type of urbanization.
It is expected to generate changes in fields ranging from transportation to the financial sector. With the help of data analysis, for instance, cities will be able to calculate traffic and make rational transportation routes to ease gridlock.
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ecns
Alibaba to help build 'smart city'
http://www.ecns.cn/business/2014/02-28/102716.shtml
Feb 27th 2014, 22:56
2014-02-28 07:56
Chinese e-commerce giant Alibaba Group plans to pour $820 million into helping build a "smart city" with advanced computing facilities on China's southernmost island province of Hainan.
With Hainan designated to pilot the scheme, Alibaba on Thursday signed an agreement with the administrative committee charged with developing the tourism-focused island toward a mode based on big data and cloud computing.
"Basically, when tourists come to Hainan a few years from now, they need only bring their cell phones with them and they can travel worry-free around the island," said Alibaba chairman Jack Ma.
The smart cities concept was created by IBM. It promotes the use of new technologies to allow users to control objects through cloud computing and boost information sharing and coordination within an urban area.
"Alibaba has developed the world's largest e-commerce platform and largest third-party online payment platform since it was founded 15 years ago. It's also a cloud-counting platform under safe and high-speed operation, which are the basic requirements for building a smart city here," said Ma.
The facility will serve enterprises, cover all the aspects of living, and can also be applied to improve public services, according to the tech chief.
Beside the technical part, Alibaba's investment will also be used to establish an e-commerce college and develop the cultural creativity industry, he said.
China launched a smart city program in 2012, with over 130 cities selected as pilots, as a part of the country's efforts to explore ways to foster a new type of urbanization.
It is expected to generate changes in fields ranging from transportation to the financial sector. With the help of data analysis, for instance, cities will be able to calculate traffic and make rational transportation routes to ease gridlock.
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ecns [expanded by feedex.net]: China's reported antitrust cases up 8 pct
ecns [expanded by feedex.net]
ecns
China's reported antitrust cases up 8 pct
http://www.ecns.cn/business/2014/02-28/102717.shtml
Feb 27th 2014, 22:58
2014-02-28 07:58
China's Ministry of Commerce (MOC) received 224 antitrust cases in 2013, up 8 percent from a year ago, a ministry official said on Thursday.
Shang Ming, chief of the anti-monopoly bureau under the MOC, said of the total, 212 cases were registered and 207 were concluded last year, up 12.8 percent and 26 percent respectively.
Since the anti-monopoly law was implemented in 2008, the ministry had concluded 740 antitrust cases out of 866 by the end of 2013, according to the MOC data.
Shang added that further improvements of the anti-monopoly law are necessary, while enhancing law enforcement and international anti-monopoly cooperation will better help Chinese enterprises establish global businesses.
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ecns
China's reported antitrust cases up 8 pct
http://www.ecns.cn/business/2014/02-28/102717.shtml
Feb 27th 2014, 22:58
2014-02-28 07:58
China's Ministry of Commerce (MOC) received 224 antitrust cases in 2013, up 8 percent from a year ago, a ministry official said on Thursday.
Shang Ming, chief of the anti-monopoly bureau under the MOC, said of the total, 212 cases were registered and 207 were concluded last year, up 12.8 percent and 26 percent respectively.
Since the anti-monopoly law was implemented in 2008, the ministry had concluded 740 antitrust cases out of 866 by the end of 2013, according to the MOC data.
Shang added that further improvements of the anti-monopoly law are necessary, while enhancing law enforcement and international anti-monopoly cooperation will better help Chinese enterprises establish global businesses.
ShareX
QQ Miniblog
bSync
Sina Miniblog
Qzone
Sohu Miniblog
Xinhua Miniblog
Shou Ji
Netease MB
Kaixin001
Douban
phone fast transmit
Renren
Tianya
IFeng MB
QQ Friends
QQ friend
More... (133)
bShare
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ecns [expanded by feedex.net]: Huawei appoints Kenya CEO to spur ICT services
ecns [expanded by feedex.net]
ecns
Huawei appoints Kenya CEO to spur ICT services
http://www.ecns.cn/business/2014/02-28/102715.shtml
Feb 27th 2014, 22:53
2014-02-28 07:53
Chinese firm Huawei has announced the appointment of Dean Yu as the new CEO for Kenya to help speed up the usage of Information and Communication Technology (ICT) services in the country.
A statement from Huawei Kenya said on Thursday that Dean will now be responsible for day-to-day business operations and thus create greater opportunities to share the latest technology Huawei has to offer for the local market.
"Part of the new CEO's mandate will be to ensure that Huawei delivers ICT products and solutions to telecommunication operators, enterprises and end-users in Kenya," the firm said.
The change of guard comes at a time when the East African nation is emphasizing the use of ICT in the development agenda towards transforming the country in its quest to achieve Vision 2030 goals.
During his take-over, Dean pledged to stay committed to be a long-term investor in the Kenyan market through strengthening crucial partnerships with local vendors and operators.
"Kenya's ICT industry is set to experience exponential growth. It's therefore an exciting time for me to spearhead our business efforts here for greater value," Dean said.
The new CEO is also keen on creating job opportunities, enabling knowledge transfer, supporting local innovation and nurturing local talent.
"It's our belief that our continuous innovative, customized, affordable and value-added products and solutions will impact the development agenda of this country by powering and accelerating economic growth," Dean said.
With more than 12 years in the telecommunication industry, Dean is set to drive the company's three core business sectors: Carrier, Enterprise and Consumer to the local market.
Carrier network, which provides connectivity and broadband, is so far the company's core business. The business group (carrier) accounts for 70 percent of total revenue, majorly serving mobile phone firm, Safaricom Limited and Telkom/Orange.
Under his tenure, Dean intends to aggressively focus on the enterprise and consumer market segments with products and services targeting the national and county government as well as end users.
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ecns
Huawei appoints Kenya CEO to spur ICT services
http://www.ecns.cn/business/2014/02-28/102715.shtml
Feb 27th 2014, 22:53
2014-02-28 07:53
Chinese firm Huawei has announced the appointment of Dean Yu as the new CEO for Kenya to help speed up the usage of Information and Communication Technology (ICT) services in the country.
A statement from Huawei Kenya said on Thursday that Dean will now be responsible for day-to-day business operations and thus create greater opportunities to share the latest technology Huawei has to offer for the local market.
"Part of the new CEO's mandate will be to ensure that Huawei delivers ICT products and solutions to telecommunication operators, enterprises and end-users in Kenya," the firm said.
The change of guard comes at a time when the East African nation is emphasizing the use of ICT in the development agenda towards transforming the country in its quest to achieve Vision 2030 goals.
During his take-over, Dean pledged to stay committed to be a long-term investor in the Kenyan market through strengthening crucial partnerships with local vendors and operators.
"Kenya's ICT industry is set to experience exponential growth. It's therefore an exciting time for me to spearhead our business efforts here for greater value," Dean said.
The new CEO is also keen on creating job opportunities, enabling knowledge transfer, supporting local innovation and nurturing local talent.
"It's our belief that our continuous innovative, customized, affordable and value-added products and solutions will impact the development agenda of this country by powering and accelerating economic growth," Dean said.
With more than 12 years in the telecommunication industry, Dean is set to drive the company's three core business sectors: Carrier, Enterprise and Consumer to the local market.
Carrier network, which provides connectivity and broadband, is so far the company's core business. The business group (carrier) accounts for 70 percent of total revenue, majorly serving mobile phone firm, Safaricom Limited and Telkom/Orange.
Under his tenure, Dean intends to aggressively focus on the enterprise and consumer market segments with products and services targeting the national and county government as well as end users.
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ecns [expanded by feedex.net]: Five dead in SW China’s bus fire
ecns [expanded by feedex.net]
ecns
Five dead in SW China's bus fire
http://www.ecns.cn/visual/hd/2014/02-27/33855.shtml#nextpage
Feb 27th 2014, 07:56
2014-02-27 16:15 Web Editor:Gu Liping
A fire breaks out in a bus in Guiyang, southwest China's Guizhou province on Thursday afternoon, February 27, 2014. Five people were killed in the fire, local fire fighters told Xinhua. Investigation into the cause of the fire is under way. [Photo: IC]
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ecns
Five dead in SW China's bus fire
http://www.ecns.cn/visual/hd/2014/02-27/33855.shtml#nextpage
Feb 27th 2014, 07:56
2014-02-27 16:15 Web Editor:Gu Liping
A fire breaks out in a bus in Guiyang, southwest China's Guizhou province on Thursday afternoon, February 27, 2014. Five people were killed in the fire, local fire fighters told Xinhua. Investigation into the cause of the fire is under way. [Photo: IC]
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ecns [expanded by feedex.net]: Crossbow with string first found at Terracotta Warriors site
ecns [expanded by feedex.net]
ecns
Crossbow with string first found at Terracotta Warriors site
http://www.ecns.cn/cns-wire/2014/02-27/102709.shtml
Feb 27th 2014, 07:58
2014-02-27 16:58 Web Editor: Si Huan
(Photo source: chinanews.com)
Xi'an (CNS) � A relatively complete crossbow with bowstring has been excavated from Pit One of the Terracotta Warriors site, making it the first time that archaeologists have discovered a clearly visible bowstring.
Pit One has been in its third excavation since June 2009, after a 20-year suspension.
The bowstring, 0.8 centimeters in diameter, might be made with a tendon of some animal, according to the Emperor Qinshihuang's Mausoleum Site Museum on Feb 26.
Shen Maosheng, chief archeologist in charge of Pit One, said an intact arrow was also discovered in the pit, and a colored drawing on it still can be recognized.
Experts believe a copy of the crossbow can be restored on the base of these findings, and the range of the crossbow can be estimated as well, which is an important factor to evaluate the military power of the Qin Dynasty.
On June 9, 2012, archeologists released some 310 pieces of findings from their third excavation of Pit One.
About 600 pits and tombs have been discovered in the area of Emperor Qinshihuang's Mausoleum Site so far.
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ecns
Crossbow with string first found at Terracotta Warriors site
http://www.ecns.cn/cns-wire/2014/02-27/102709.shtml
Feb 27th 2014, 07:58
2014-02-27 16:58 Web Editor: Si Huan
(Photo source: chinanews.com)
Xi'an (CNS) � A relatively complete crossbow with bowstring has been excavated from Pit One of the Terracotta Warriors site, making it the first time that archaeologists have discovered a clearly visible bowstring.
Pit One has been in its third excavation since June 2009, after a 20-year suspension.
The bowstring, 0.8 centimeters in diameter, might be made with a tendon of some animal, according to the Emperor Qinshihuang's Mausoleum Site Museum on Feb 26.
Shen Maosheng, chief archeologist in charge of Pit One, said an intact arrow was also discovered in the pit, and a colored drawing on it still can be recognized.
Experts believe a copy of the crossbow can be restored on the base of these findings, and the range of the crossbow can be estimated as well, which is an important factor to evaluate the military power of the Qin Dynasty.
On June 9, 2012, archeologists released some 310 pieces of findings from their third excavation of Pit One.
About 600 pits and tombs have been discovered in the area of Emperor Qinshihuang's Mausoleum Site so far.
0)
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ecns [expanded by feedex.net]: Wisdom of the printed page
ecns [expanded by feedex.net]
ecns
Wisdom of the printed page
http://www.ecns.cn/learning-Chinese/2014/02-27/102710.shtml
Feb 27th 2014, 08:02
2014-02-27 17:02
Wisdom of the printed page
Chinese reluctance to read deeply underlines the nation's recent departure from the era of subsistence and its current obsession with affluence.
On a flight from Frankfurt to Shanghai, an Indian engineer noticed row after row of Chinese passengers deep into their iPads, playing games or watching movies. None was doing any reading.
Meng Shamei, the Chinese name of this engineer, posted his or her observation online and got a tidal wave of responses, most of which corroborated his or her view.
I have to admit I have not done my due diligence to verify the identity of this person. There have been frequent stories of Chinese posing as foreigners to give a semblance of objectivity to their criticism of China. The title "Harvard professor" has been used or rather, abused, so often it has turned into something of a joke.
To even a casual observer, what Meng wrote was not surprising. Another posting a few years ago by a Chinese passenger noticed the difference between first class and regular class: Those sitting in first class tend to read while those in regular class play games.
For me, the biggest shock came when Han Han, the young writer with enormous influence on China's youth, was asked by a reporter about his reading habits and he answered that he read only magazines. As if to show some proof, the accompanying photo revealed very few books on his bookshelf.
Before we get to "Why Chinese do not read", I'll reveal the spoiler, which is the most frequent defense. "We read. We just do not read in the same way as the old generations do. We rely on modern gadgets for faster access."
It is true that you cannot claim that only content on a printed page is knowledge. Anything that's printed can be displayed digitally. There are millions of books available in digital form. And true electronic books can incorporate sound and video, thus enhancing the reading experience. Print is going the way of dinosaurs, many forecast. Even if they don't vanish completely, books will become a niche item a la long-playing records.
To those who believe they can get anything and everything from the Web, I'll hereby add my two cents' worth: Yes, you can, but you won't do it. I download thousands of books, but I use them for research, a sort of personal database for specific information. I've also noticed my friends and colleagues read fiction only on their tablets. Simply because a medium is capable of something does not mean people or a significant number of them will swarm to it for that purpose.
I believe reference books are most easily replaced by their digital versions and the kind of essay collections popular among China's literati are the most unlikely to make the transition.
Now, I'm not going to cite statistics about Chinese consumption of books. While they invariably paint a bleak picture compared with previous generations or advanced countries, the truth could be even bleaker. My publishers (I work with several publishing houses in China) told me that most of the best-sellers in China would not even make the popular list. The reason: They are textbooks or supplement reading material, in other words, books that students are forced to read, or rather, forced to buy.
So, let's compare China's best-seller list with that of the New York Times. While the latter has a mix of serious books, especially about history, and celebrity memoirs, the former is almost totally fluff. A walk through an airport bookstore will bring you more doom and gloom: mostly how-to-get-rich titles written by those who've done it or who claim to have the secret recipe.
On top of that, there are buyers of books in China who decorate their rooms with wall-to-wall tomes but never bother to open the pages. As a result, a cottage industry has appeared that churns out thick volumes that have nothing between the covers, perfect for decoration.
Yes, people do read in China to enrich their bank accounts, but not to enrich themselves holistically. Sure, this is a trend, which means it does not apply to everyone. The terms "fragmentary reading" or "light reading" are efforts to encapsulate this phenomenon of a nation whose people have only recently unfettered the shackles of poverty and have not found the need to elevate themselves onto a higher plane of enlightenment and enrichment. Not yet.
One reads classics such as Confucius' Analects or Shakespeare not to pass examinations or provide grist for the water-cooler mill, but to absorb nutrients from the wealth shared by humanity and to make ourselves better people.
However, it would be unfair to compare the current generation with their ancestors. In antiquity, the ability to read effectively divided people into haves and have-nots. It became a channel through which a few from the disenfranchised classes moved up the social ladder. As a whole, the vast majority remained illiterate. As the benefits of basic education envelop the entire Chinese population, the stumbling block for this most basic level of reading has been removed. Now, it's up to each individual to decide what kind of information or knowledge he or she is willing to pursue. A school or a teacher can demand that you read what is mandatory, but unless you design a comprehensive curriculum that incorporates the wealth-enriching and the soul-enriching, you'll probably push those "useless" books down to the bottom of your priority list.
The computer age, with its unlimited data-crunching capability, has unleashed a treasure trove of information. For someone long shielded from data and information, the rawness and liveliness can be spellbinding. But it takes tons of information to be distilled into knowledge.
In our society there is an undercurrent of skepticism and aversion toward knowledge, which in the old days was spoon-fed with little room left for questioning. People, therefore, want to be closer to the source and conduct their own little investigation or analysis, which sometimes leads to new revelations. As a result, the pendulum has swung from the end of blind acceptance of everything printed to the other end of DIY scrutiny of every piece of data. I have to say this correction was needed and will eventually balance out the weight of both information and knowledge, which tend to be embodied in digital and print respectively.
The road from knowledge to wisdom has equally been subverted by the digital revolution. The epiphanies derived from reading Hamlet or Li Bai's poems have been displaced by 12-step programs and morsels of wisdom that zap through cyberspace. On a positive note, they can be seen as CliffsNotes to the real thing; but this quasi-sagacity serves to lull its readership into a false sense of enlightenment. Wisdom cannot be drummed into you through rote learning, nor can it always be boiled down to 140 characters. It has to come from learning through personal experiences or through books, which are essentially those aspects of others' experiences that can be imparted and shared.
Serious reading, on whatever platform or in whatever form, has its place in the advance of human civilization. All technological breakthroughs, such as the audio-visual revolution of the previous generation and now the digital revolution, all serve to complement it. Words as the all-powerful embodiment of human knowledge are never overrated and will never be totally replaced. More Chinese will realize their importance as the nation grows into middle-class comfort. The younger generations can afford to read books that are not utilitarian, at least the segment not addicted to Korean soap operas and their face-lifted idols. As Francis Bacon famously said, studies can be "for delight, for ornament, and for ability", and "delight" should rightly include the joy of elevating oneself to a level with a higher vista, which, unlike a high-rise apartment, money alone cannot buy.
纸上的智慧－－为什么中国人不阅读
在一架从法兰克福飞往上海的航班上，一名印度工程师发现一排又一排的中国乘客都在埋头用苹果平板电脑玩游戏或者看电影，没有人在读书。
工程师的中文名叫孟莎美，他/她把所见所想发布到网上，收到无数回复，大都印证了他/她的看法。
我得承认自己没有尽职调查这个人的身份。为了能更客观地批判中国，曾出现很多中国人冒充老外的故事。人们滥用"哈佛教授"的头衔，以致于它成了笑话一般。
其实稍微观察下，孟莎美写的现象也见怪不怪。几年前，有个中国乘客留意到头等舱和经济舱的区别，并放到了网上：那些坐头等舱的乘客往往在阅读，而经济舱乘客在玩游戏。
就我而言，最大的震惊是，对中国年轻一代影响深远的年轻作家韩寒被记者问及其阅读习惯时，他说他只看杂志。还附上了一张显示他书架上很少书的图片作证明。
在我们问"为什么中国人不阅读"前，还是我来揭晓吧，这是最常见的回击"我们阅读啊，只是不像老一代那样阅读而已。我们可以通过现代玩意来更方便地阅读。"
我们不能说只有纸质书上的内容才是知识。任何纸质内容都可以数字化地显示出来，无数纸质书都有电子版本。电子书还可以配上声音和视频，从而更享受阅读过程，这都没错。很多人都预测印刷业和恐龙走在同一条道上——都会逐渐消失。即使纸质书籍不会完全消失，也会随着时间变成小众产品。
对于那些认为可以从互联网获取任何信息的人，我想说：是的，你可以，但是你不会的。我下载了成千上万本电子书作为个人资料库用于搜索特定信息。我也发现我的朋友和同事们都只用平板电脑看小说。一个媒介具备某种功能并不代表大家会为这个功能蜂拥而来。
我认为纸质工具书更易被其电子版取代，而受中国文人喜爱的散文集是最不可能被代替的。
现在我不会引用关于中国人阅读量的数据。当这个的数据与前几代人或者发达国家相比显得苍白时，事实可能更悲剧。我的出版商（我和中国几家出版商有合作）告诉我中国的畅销书大多数还不足以上畅销清单。原因是：它们是教科书或者补充阅读材料，换句话说，这些书都是学生不得不读或者买的书。
那我们来对比下中国和纽约时报发布的畅销书清单吧。纽约时报的清单中包含一些严肃的书籍，尤其是关于历史、名人自传，而中国的清单意义不大。在机场的书店转一圈，你会发现更加无望：几乎都是那些富人或者声称有致富秘诀的人关于如何致富的书。
最重要的是，中国有很多人都用满墙的书架将家里装饰得像个书香世家，但是却很少翻几页书。所以，制作砖头书的家庭手工业出现了，砖头书只有封面，没有内容，最合适装饰。
是的，中国人会通过读书来使银行账户充实，但是却没有让自己全面地丰盈起来。当然，这只是一种趋势，并不适用于任何一个人。"碎片阅读"或者"轻阅读"这样的词浓缩了中国这样一种现象——刚脱离贫困走上小康的人们觉得没必要把自己提升到一个更具启蒙性的阶段。还没必要。
读孔子的《论语》或者莎士比亚的著作不是为了通过考试或者任何实际用途，而是为了从人文财富中吸收营养，使自己变得更好。
然而，把现代人与先人对比是不公平的。在古代，读书的能力把人们分成了贫富两个阶级。被剥削者中的少数人通过读书爬上更高的社会阶级。总体上，大多数人还是目不识丁。随着整个中华民族都可以享受到基础教育，读书认字最基本的绊脚石已经不存在了。而现在取决于每个人愿意获得什么信息或者知识。学校或者老师可以要求你阅读必须读的材料，但是除非课程结合了物质财富和精神财富两方面，否则你很有可能会忽视那些"没用"的书。
计算机时代拥有无穷无尽的数据和宝贵的信息。对于长期信息封闭的人来说，计算机时代的新鲜感和活力充满诱惑。但是要无数的信息才能提炼成知识。
如今的社会充斥着一种对知识的厌恶和怀疑论，然而在过去，人们毫不犹豫地汲取知识。大家都想跟接近知识的源头，再加上自己一些小调查或者分析，有时能有新的启示。因此，社会出现两种极化现象，一种是尽信书，一种是亲自核查每一个数据。我想说，我们需要纠正，并最终在无论是数据化还是纸质的信息与知识间平衡。
知识转化到智慧的道路同样被数字化革命颠覆了。阅读哈姆雷特或者李白诗集的顿悟被充斥网络的12步获得智慧课程代替。好的一面是，它们可以作为货真价实书籍的导读，但这种类智慧误导读者进入一种错误的启发感。智慧是不可以通过机械阅读来灌输的，也不总是可以归结成140个字。它必须通过个人经历或者书籍获得，也就是他人那些"可以借鉴和分享的经历"。
深入阅读，无论是通过哪种平台或者形式，都在人类文明发展史上扮演着不可或缺的地位。所有的技术突破，例如上一代的视听革命和当代的数字革命，都是为了起到补充的作用。作为人类知识一个全能的体现——文字的作用永远不会被夸大，也永远不会被完全代替。随着中国发展到中产阶级阶段，越来越多的中国人会意识到文字的重要性，年轻一代也会读那些非功利性的书籍，至少那部分没有沉迷韩剧和整容偶像的人会读。正如弗兰西斯·培根的名言，读书"足以怡情，足以博采，足以长才"，"怡情"应该包含提升自我至一个更高视野的喜悦，而这是仅用金钱就可以买到的高层公寓远远不及的。
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ecns
Wisdom of the printed page
http://www.ecns.cn/learning-Chinese/2014/02-27/102710.shtml
Feb 27th 2014, 08:02
2014-02-27 17:02
Wisdom of the printed page
Chinese reluctance to read deeply underlines the nation's recent departure from the era of subsistence and its current obsession with affluence.
On a flight from Frankfurt to Shanghai, an Indian engineer noticed row after row of Chinese passengers deep into their iPads, playing games or watching movies. None was doing any reading.
Meng Shamei, the Chinese name of this engineer, posted his or her observation online and got a tidal wave of responses, most of which corroborated his or her view.
I have to admit I have not done my due diligence to verify the identity of this person. There have been frequent stories of Chinese posing as foreigners to give a semblance of objectivity to their criticism of China. The title "Harvard professor" has been used or rather, abused, so often it has turned into something of a joke.
To even a casual observer, what Meng wrote was not surprising. Another posting a few years ago by a Chinese passenger noticed the difference between first class and regular class: Those sitting in first class tend to read while those in regular class play games.
For me, the biggest shock came when Han Han, the young writer with enormous influence on China's youth, was asked by a reporter about his reading habits and he answered that he read only magazines. As if to show some proof, the accompanying photo revealed very few books on his bookshelf.
Before we get to "Why Chinese do not read", I'll reveal the spoiler, which is the most frequent defense. "We read. We just do not read in the same way as the old generations do. We rely on modern gadgets for faster access."
It is true that you cannot claim that only content on a printed page is knowledge. Anything that's printed can be displayed digitally. There are millions of books available in digital form. And true electronic books can incorporate sound and video, thus enhancing the reading experience. Print is going the way of dinosaurs, many forecast. Even if they don't vanish completely, books will become a niche item a la long-playing records.
To those who believe they can get anything and everything from the Web, I'll hereby add my two cents' worth: Yes, you can, but you won't do it. I download thousands of books, but I use them for research, a sort of personal database for specific information. I've also noticed my friends and colleagues read fiction only on their tablets. Simply because a medium is capable of something does not mean people or a significant number of them will swarm to it for that purpose.
I believe reference books are most easily replaced by their digital versions and the kind of essay collections popular among China's literati are the most unlikely to make the transition.
Now, I'm not going to cite statistics about Chinese consumption of books. While they invariably paint a bleak picture compared with previous generations or advanced countries, the truth could be even bleaker. My publishers (I work with several publishing houses in China) told me that most of the best-sellers in China would not even make the popular list. The reason: They are textbooks or supplement reading material, in other words, books that students are forced to read, or rather, forced to buy.
So, let's compare China's best-seller list with that of the New York Times. While the latter has a mix of serious books, especially about history, and celebrity memoirs, the former is almost totally fluff. A walk through an airport bookstore will bring you more doom and gloom: mostly how-to-get-rich titles written by those who've done it or who claim to have the secret recipe.
On top of that, there are buyers of books in China who decorate their rooms with wall-to-wall tomes but never bother to open the pages. As a result, a cottage industry has appeared that churns out thick volumes that have nothing between the covers, perfect for decoration.
Yes, people do read in China to enrich their bank accounts, but not to enrich themselves holistically. Sure, this is a trend, which means it does not apply to everyone. The terms "fragmentary reading" or "light reading" are efforts to encapsulate this phenomenon of a nation whose people have only recently unfettered the shackles of poverty and have not found the need to elevate themselves onto a higher plane of enlightenment and enrichment. Not yet.
One reads classics such as Confucius' Analects or Shakespeare not to pass examinations or provide grist for the water-cooler mill, but to absorb nutrients from the wealth shared by humanity and to make ourselves better people.
However, it would be unfair to compare the current generation with their ancestors. In antiquity, the ability to read effectively divided people into haves and have-nots. It became a channel through which a few from the disenfranchised classes moved up the social ladder. As a whole, the vast majority remained illiterate. As the benefits of basic education envelop the entire Chinese population, the stumbling block for this most basic level of reading has been removed. Now, it's up to each individual to decide what kind of information or knowledge he or she is willing to pursue. A school or a teacher can demand that you read what is mandatory, but unless you design a comprehensive curriculum that incorporates the wealth-enriching and the soul-enriching, you'll probably push those "useless" books down to the bottom of your priority list.
The computer age, with its unlimited data-crunching capability, has unleashed a treasure trove of information. For someone long shielded from data and information, the rawness and liveliness can be spellbinding. But it takes tons of information to be distilled into knowledge.
In our society there is an undercurrent of skepticism and aversion toward knowledge, which in the old days was spoon-fed with little room left for questioning. People, therefore, want to be closer to the source and conduct their own little investigation or analysis, which sometimes leads to new revelations. As a result, the pendulum has swung from the end of blind acceptance of everything printed to the other end of DIY scrutiny of every piece of data. I have to say this correction was needed and will eventually balance out the weight of both information and knowledge, which tend to be embodied in digital and print respectively.
The road from knowledge to wisdom has equally been subverted by the digital revolution. The epiphanies derived from reading Hamlet or Li Bai's poems have been displaced by 12-step programs and morsels of wisdom that zap through cyberspace. On a positive note, they can be seen as CliffsNotes to the real thing; but this quasi-sagacity serves to lull its readership into a false sense of enlightenment. Wisdom cannot be drummed into you through rote learning, nor can it always be boiled down to 140 characters. It has to come from learning through personal experiences or through books, which are essentially those aspects of others' experiences that can be imparted and shared.
Serious reading, on whatever platform or in whatever form, has its place in the advance of human civilization. All technological breakthroughs, such as the audio-visual revolution of the previous generation and now the digital revolution, all serve to complement it. Words as the all-powerful embodiment of human knowledge are never overrated and will never be totally replaced. More Chinese will realize their importance as the nation grows into middle-class comfort. The younger generations can afford to read books that are not utilitarian, at least the segment not addicted to Korean soap operas and their face-lifted idols. As Francis Bacon famously said, studies can be "for delight, for ornament, and for ability", and "delight" should rightly include the joy of elevating oneself to a level with a higher vista, which, unlike a high-rise apartment, money alone cannot buy.
纸上的智慧－－为什么中国人不阅读
在一架从法兰克福飞往上海的航班上，一名印度工程师发现一排又一排的中国乘客都在埋头用苹果平板电脑玩游戏或者看电影，没有人在读书。
工程师的中文名叫孟莎美，他/她把所见所想发布到网上，收到无数回复，大都印证了他/她的看法。
我得承认自己没有尽职调查这个人的身份。为了能更客观地批判中国，曾出现很多中国人冒充老外的故事。人们滥用"哈佛教授"的头衔，以致于它成了笑话一般。
其实稍微观察下，孟莎美写的现象也见怪不怪。几年前，有个中国乘客留意到头等舱和经济舱的区别，并放到了网上：那些坐头等舱的乘客往往在阅读，而经济舱乘客在玩游戏。
就我而言，最大的震惊是，对中国年轻一代影响深远的年轻作家韩寒被记者问及其阅读习惯时，他说他只看杂志。还附上了一张显示他书架上很少书的图片作证明。
在我们问"为什么中国人不阅读"前，还是我来揭晓吧，这是最常见的回击"我们阅读啊，只是不像老一代那样阅读而已。我们可以通过现代玩意来更方便地阅读。"
我们不能说只有纸质书上的内容才是知识。任何纸质内容都可以数字化地显示出来，无数纸质书都有电子版本。电子书还可以配上声音和视频，从而更享受阅读过程，这都没错。很多人都预测印刷业和恐龙走在同一条道上——都会逐渐消失。即使纸质书籍不会完全消失，也会随着时间变成小众产品。
对于那些认为可以从互联网获取任何信息的人，我想说：是的，你可以，但是你不会的。我下载了成千上万本电子书作为个人资料库用于搜索特定信息。我也发现我的朋友和同事们都只用平板电脑看小说。一个媒介具备某种功能并不代表大家会为这个功能蜂拥而来。
我认为纸质工具书更易被其电子版取代，而受中国文人喜爱的散文集是最不可能被代替的。
现在我不会引用关于中国人阅读量的数据。当这个的数据与前几代人或者发达国家相比显得苍白时，事实可能更悲剧。我的出版商（我和中国几家出版商有合作）告诉我中国的畅销书大多数还不足以上畅销清单。原因是：它们是教科书或者补充阅读材料，换句话说，这些书都是学生不得不读或者买的书。
那我们来对比下中国和纽约时报发布的畅销书清单吧。纽约时报的清单中包含一些严肃的书籍，尤其是关于历史、名人自传，而中国的清单意义不大。在机场的书店转一圈，你会发现更加无望：几乎都是那些富人或者声称有致富秘诀的人关于如何致富的书。
最重要的是，中国有很多人都用满墙的书架将家里装饰得像个书香世家，但是却很少翻几页书。所以，制作砖头书的家庭手工业出现了，砖头书只有封面，没有内容，最合适装饰。
是的，中国人会通过读书来使银行账户充实，但是却没有让自己全面地丰盈起来。当然，这只是一种趋势，并不适用于任何一个人。"碎片阅读"或者"轻阅读"这样的词浓缩了中国这样一种现象——刚脱离贫困走上小康的人们觉得没必要把自己提升到一个更具启蒙性的阶段。还没必要。
读孔子的《论语》或者莎士比亚的著作不是为了通过考试或者任何实际用途，而是为了从人文财富中吸收营养，使自己变得更好。
然而，把现代人与先人对比是不公平的。在古代，读书的能力把人们分成了贫富两个阶级。被剥削者中的少数人通过读书爬上更高的社会阶级。总体上，大多数人还是目不识丁。随着整个中华民族都可以享受到基础教育，读书认字最基本的绊脚石已经不存在了。而现在取决于每个人愿意获得什么信息或者知识。学校或者老师可以要求你阅读必须读的材料，但是除非课程结合了物质财富和精神财富两方面，否则你很有可能会忽视那些"没用"的书。
计算机时代拥有无穷无尽的数据和宝贵的信息。对于长期信息封闭的人来说，计算机时代的新鲜感和活力充满诱惑。但是要无数的信息才能提炼成知识。
如今的社会充斥着一种对知识的厌恶和怀疑论，然而在过去，人们毫不犹豫地汲取知识。大家都想跟接近知识的源头，再加上自己一些小调查或者分析，有时能有新的启示。因此，社会出现两种极化现象，一种是尽信书，一种是亲自核查每一个数据。我想说，我们需要纠正，并最终在无论是数据化还是纸质的信息与知识间平衡。
知识转化到智慧的道路同样被数字化革命颠覆了。阅读哈姆雷特或者李白诗集的顿悟被充斥网络的12步获得智慧课程代替。好的一面是，它们可以作为货真价实书籍的导读，但这种类智慧误导读者进入一种错误的启发感。智慧是不可以通过机械阅读来灌输的，也不总是可以归结成140个字。它必须通过个人经历或者书籍获得，也就是他人那些"可以借鉴和分享的经历"。
深入阅读，无论是通过哪种平台或者形式，都在人类文明发展史上扮演着不可或缺的地位。所有的技术突破，例如上一代的视听革命和当代的数字革命，都是为了起到补充的作用。作为人类知识一个全能的体现——文字的作用永远不会被夸大，也永远不会被完全代替。随着中国发展到中产阶级阶段，越来越多的中国人会意识到文字的重要性，年轻一代也会读那些非功利性的书籍，至少那部分没有沉迷韩剧和整容偶像的人会读。正如弗兰西斯·培根的名言，读书"足以怡情，足以博采，足以长才"，"怡情"应该包含提升自我至一个更高视野的喜悦，而这是仅用金钱就可以买到的高层公寓远远不及的。
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ecns [expanded by feedex.net]: Tesla to build massive battery plant
ecns [expanded by feedex.net]
ecns
Tesla to build massive battery plant
http://www.ecns.cn/business/2014/02-27/102711.shtml
Feb 27th 2014, 08:03
2014-02-27 17:03
High-profile US electric vehicle maker Tesla Motors announced Wednesday plans to build a huge lithium ion battery factory, which is expected to bring down cell costs drastically.
Tesla, known for its expensive but highly admired electric sedans, said on its blog that, with its goal of producing a mass market electric car in about three years, it sees the opportunity to leverage the projected demand for lithium ion batteries to reduce their cost faster.
It plans to build a battery "Gigafactory" to achieve economies of scale and minimize costs, in cooperation with its strategic partners. Under the plan, the factory will be running by 2020 and produce "more lithium ion batteries annually than were produced worldwide in 2013."
"By the end of the first year of volume production of our mass market vehicle, we expect the Gigafactory will have driven down the per kWh cost of our battery pack by more than 30 percent," the blog post reads.
Tesla said it would invest 2 billion dollars and raise 1.6 billion dollars from investors for the battery facility, with the rest of the total cost of 4 billion to 5 billion dollars coming from its battery manufacturing partners, which Tesla doesn't name in its plan.
Japanese technology giant Panasonic, now the major battery provider for Tesla's electric vehicles, is believed to be one of Tesla's partners in the project. Under agreements with Tesla, Panasonic will deliver 1.8 billion lithium ion cells over the next four years, which will enable Tesla to produce about 250,000 electric cars. Tesla was also approaching other battery suppliers, such as South Korea's LG and Samsung, U.S. media said.
The factory will be between 500 and 1,000 acres in size and employ about 6,500 workers. Site selection is underway and Tesla has narrowed its options to four states: Arizona, New Mexico, Nevada and Texas. A major consideration is the sources of power for the facility, as Tesla hopes to use renewable energy, such as solar and wind power.
Tesla, based near Silicon Valley, California, is successfully selling its Model S, which was ranked America's most-loved vehicle in 2013 despite a base price of 70,000 dollars.
The company plans to launch in 2017 a mass market model similar to the Model S but with a much lower price tag of around 35,000 dollars. It is believed lowering battery costs is key to Tesla's efforts to market a more affordable electric car.
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ecns
Tesla to build massive battery plant
http://www.ecns.cn/business/2014/02-27/102711.shtml
Feb 27th 2014, 08:03
2014-02-27 17:03
High-profile US electric vehicle maker Tesla Motors announced Wednesday plans to build a huge lithium ion battery factory, which is expected to bring down cell costs drastically.
Tesla, known for its expensive but highly admired electric sedans, said on its blog that, with its goal of producing a mass market electric car in about three years, it sees the opportunity to leverage the projected demand for lithium ion batteries to reduce their cost faster.
It plans to build a battery "Gigafactory" to achieve economies of scale and minimize costs, in cooperation with its strategic partners. Under the plan, the factory will be running by 2020 and produce "more lithium ion batteries annually than were produced worldwide in 2013."
"By the end of the first year of volume production of our mass market vehicle, we expect the Gigafactory will have driven down the per kWh cost of our battery pack by more than 30 percent," the blog post reads.
Tesla said it would invest 2 billion dollars and raise 1.6 billion dollars from investors for the battery facility, with the rest of the total cost of 4 billion to 5 billion dollars coming from its battery manufacturing partners, which Tesla doesn't name in its plan.
Japanese technology giant Panasonic, now the major battery provider for Tesla's electric vehicles, is believed to be one of Tesla's partners in the project. Under agreements with Tesla, Panasonic will deliver 1.8 billion lithium ion cells over the next four years, which will enable Tesla to produce about 250,000 electric cars. Tesla was also approaching other battery suppliers, such as South Korea's LG and Samsung, U.S. media said.
The factory will be between 500 and 1,000 acres in size and employ about 6,500 workers. Site selection is underway and Tesla has narrowed its options to four states: Arizona, New Mexico, Nevada and Texas. A major consideration is the sources of power for the facility, as Tesla hopes to use renewable energy, such as solar and wind power.
Tesla, based near Silicon Valley, California, is successfully selling its Model S, which was ranked America's most-loved vehicle in 2013 despite a base price of 70,000 dollars.
The company plans to launch in 2017 a mass market model similar to the Model S but with a much lower price tag of around 35,000 dollars. It is believed lowering battery costs is key to Tesla's efforts to market a more affordable electric car.
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ecns [expanded by feedex.net]: Shunned Chinese buyers to turn from Canada to Australia
ecns [expanded by feedex.net]
ecns
Shunned Chinese buyers to turn from Canada to Australia
http://www.ecns.cn/learning-Chinese/2014/02-27/102712.shtml
Feb 27th 2014, 08:03
2014-02-27 17:03
Shunned Chinese buyers to turn from Canada to Australia
Canada's government recently made an abrupt decision that could have repercussions for Australia's already overvalued residential property market.
Canadian Finance Minister Jim Flaherty on February 11 announced that a 28-year-old visa scheme designed to attract wealthy foreigners to the country would be axed, effective immediately.
Under the now defunct Immigrant Investor Program, as long as you had a cool $C1.6 million ($1.6 million) in net assets, then all you needed to do was lend the Canadian government $C800,000 for five years on an interest-free basis and you were assured permanent residency for you and your family and a fast-track to citizenship.
The decision raised some eyebrows, not least because preceding the decision there had been growing chatter that the country's already expensive housing market was being inflated even further by a wave of wealthy Chinese entrants into the country, and in Vancouver in particular.
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At the time the immigration scheme was axed, there was a backlog of 65,000 applicants, of which 45,500 were mainland Chinese � and 80 per cent of those were bound for the province of British Columbia, according to analysis by the South China Morning Post.
Indeed, The Economist rates Canada's residential property market as one of the world's most expensive. The magazine's analysts say housing is 76 per cent overvalued against long-term averages on a rental basis � the highest among the 23-country league table � and 31 per cent against disposable incomes.
The ratio of Canadian household debt to GDP has risen to almost 100 per cent, and has grown at the fastest rate in the world since 2006, according to the World Bank. In April 2012, the former governor of the Bank of Canada, Mark Carney � now the head of the Bank of England � warned of the risks of foreign capital inflating the housing market.
More buyers to look in Australia
Canada may seem like a long way away but any move by Canadian authorities to reduce the risk of a potential bubble and subsequent burst should be welcomed by Australian investors, says Tyndall Asset Management's head of fixed income, Roger Bridges.
The country's housing market is one on a list of "low probability, high impact" events the bond strategist is keeping an eye on.
That's because while our local lenders have little direct exposure to Canadian banks, the similarity between our two economies could cause a fresh wave of risk aversion among global investors, many of whom already believe our property market is a bubble ready to pop.
Of course, rich foreigners can only push up prices at the margin, and usually only in specific areas; low interest rates have helped fuel Canadian demand for mortgages, against the background of an economy that avoided a GFC-inspired recession thanks to its heavy emphasis on commodity exports.
All this might be sounding familiar to Australians, particularly those who have been house hunting in Sydney, where anecdotal evidence suggests auctions in some areas have been heavily attended by wealthy Chinese buyers willing to pay lofty premiums.
And the decision by Canada to restrict access to such rich individuals can only boost interest in our market.
Research by HSBC Bank suggests more than one-third of affluent Asians own overseas property, and that our market is the number one destination for further investment. Of the wealthy mainland Chinese surveyed by HSBC, 9 per cent owned property in Australia, while of the respondents from Hong Kong, 10 per cent did.
Of the rich Indians surveyed 18 per cent owned Australian property, 19 per cent of Indonesians and Singaporeans, 26 per cent of Malaysians, and 5 per cent of wealthy Taiwanese.
But while home buyers may complain, it's great news for local property developers, such as the listed Australand.
It revealed in its annual results on February 17 that it sold about 15 per cent of its residential developments to offshore investors in 2013, primarily mainland Chinese, almost double the historical average of 8 per cent.
The sales were made through its Hong Kong office, which Australand opened some 10 years ago. The company said it expected demand from that segment to remain at the same level in 2014.
But on the evidence of growing overseas interest in grabbing a slice of the Australian dream, that may be a conservative view.
加拿大新政逼中国买家到澳大利亚
加拿大财政部长费海提取消了为吸引具有购买力的外国买家的政策，可能会对澳大利亚已经被高估的住宅物业市场带来不利影响。
加拿大财政部长费海提在本月11号宣布即时生效的新政：取消已存在28年的旨在吸引富有的外国人的签证政策。
原有政策规定，拥有净资产达160万美元的外国人，无息贷款给加拿大政府达五年，借款人及其家人即可获得永久居留权并可提前获得加拿大国籍。
有一些人并不支持原有的政策，很大一部分原因是越来越多人认为加拿大国内原本已高企的楼价被富裕的中国人进一步推高了，在温哥华尤为明显。
据《南华早报》的分析，在政策被取消时，有六万五千名申请者的申请被积压，其中有四万五千五百名为中国大陆人，他们之中百分之八十准备前往位于加拿大西部的不列颠哥伦比亚省
《经济学人》杂志将加拿大的住宅物业市场评为全球最贵之一。该杂志的分析员认为在租赁方面，住房和长期以来的平均数值相比被高估了百分之七十六，是参评的二十三个国家中最高的，超出可支配收入百分之三十一。
根据世界银行的数据，加拿大的家庭债务与国内生产总值的比值接近一比一，是2006年以来增长最快的国家。2012年4月，前加拿大银行主席、现任英格兰银行行长马克·卡尔尼，警告外国资本具有使房地产市场膨胀的风险。
更多的买家考察澳大利亚
廷德尔资产管理公司固定资产部门的负责人罗杰·布瑞吉斯表示，加拿大可能提早许多作出调整，但加拿大当局做出的减少泡沫出现的风险的举措应该受到澳大利亚投资者的欢迎。
加拿大的房地产市场属于安全性高，影响力大的类型，正被债务研究人士密切注意。
上述现象的原因是，澳大利亚的本土放贷者与加拿大方面的银行只有很少的联系。两国经济的相似程度会使很大数量的全球投资者选择规避风险，他们之中的很多人已经认为澳大利亚的房地产市场的泡沫将要破裂。
当然，富有的外国人只能在边缘上推高价格，并且通常只在特定的领域。低利息率使加拿大，在严重依赖商品出口的经济背景之下对贷款的需求增大。
所有上述的情况对于澳大利亚来说都很熟悉，特别是那些曾在悉尼购房的人。一些证据显示，悉尼的某些地方的拍卖会已经有愿意出高昂额外费用的中国买家出席。
而加拿大限制那些富有的人进入该国后，只会使澳大利亚市场利率升高。
汇丰银行的调查显示超过三分之一的富有的亚洲人拥有海外资产，澳大利亚是他们进行海外投资的首选目的地。参加调查的来自中国大陆的人中有百分之九的人在澳大利亚拥有房产，来自香港的被调查者中有百分之10拥有澳大利亚房产。
其他地区参与调查的同样拥有澳大利亚房产的情况是，百分之十八的印度人、百分之十九的印度尼西亚人和新加坡人、百分之二十六的马来西亚人和百分之五的台湾人。
尽管想要购买房产的人对这种情况不满，对于澳大利亚国内的地产商确是有好处的，例如澳洲置地。
该公司在本月17号发布的年报显示，在2013年有百分之十五的住宅卖给了海外投资者，主要来自中国大陆，几乎是历史记录百分之八的翻倍。
交易在该公司十年前开始设立在香港的办事处进行。该公司表示他们预期2014年在该类型的房产的需求上会同2013年持平。
但从不断增长的海外投资对于澳大利亚前景十分看好这方面来看，这似乎是保守看法。
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ecns
Shunned Chinese buyers to turn from Canada to Australia
http://www.ecns.cn/learning-Chinese/2014/02-27/102712.shtml
Feb 27th 2014, 08:03
2014-02-27 17:03
Shunned Chinese buyers to turn from Canada to Australia
Canada's government recently made an abrupt decision that could have repercussions for Australia's already overvalued residential property market.
Canadian Finance Minister Jim Flaherty on February 11 announced that a 28-year-old visa scheme designed to attract wealthy foreigners to the country would be axed, effective immediately.
Under the now defunct Immigrant Investor Program, as long as you had a cool $C1.6 million ($1.6 million) in net assets, then all you needed to do was lend the Canadian government $C800,000 for five years on an interest-free basis and you were assured permanent residency for you and your family and a fast-track to citizenship.
The decision raised some eyebrows, not least because preceding the decision there had been growing chatter that the country's already expensive housing market was being inflated even further by a wave of wealthy Chinese entrants into the country, and in Vancouver in particular.
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At the time the immigration scheme was axed, there was a backlog of 65,000 applicants, of which 45,500 were mainland Chinese � and 80 per cent of those were bound for the province of British Columbia, according to analysis by the South China Morning Post.
Indeed, The Economist rates Canada's residential property market as one of the world's most expensive. The magazine's analysts say housing is 76 per cent overvalued against long-term averages on a rental basis � the highest among the 23-country league table � and 31 per cent against disposable incomes.
The ratio of Canadian household debt to GDP has risen to almost 100 per cent, and has grown at the fastest rate in the world since 2006, according to the World Bank. In April 2012, the former governor of the Bank of Canada, Mark Carney � now the head of the Bank of England � warned of the risks of foreign capital inflating the housing market.
More buyers to look in Australia
Canada may seem like a long way away but any move by Canadian authorities to reduce the risk of a potential bubble and subsequent burst should be welcomed by Australian investors, says Tyndall Asset Management's head of fixed income, Roger Bridges.
The country's housing market is one on a list of "low probability, high impact" events the bond strategist is keeping an eye on.
That's because while our local lenders have little direct exposure to Canadian banks, the similarity between our two economies could cause a fresh wave of risk aversion among global investors, many of whom already believe our property market is a bubble ready to pop.
Of course, rich foreigners can only push up prices at the margin, and usually only in specific areas; low interest rates have helped fuel Canadian demand for mortgages, against the background of an economy that avoided a GFC-inspired recession thanks to its heavy emphasis on commodity exports.
All this might be sounding familiar to Australians, particularly those who have been house hunting in Sydney, where anecdotal evidence suggests auctions in some areas have been heavily attended by wealthy Chinese buyers willing to pay lofty premiums.
And the decision by Canada to restrict access to such rich individuals can only boost interest in our market.
Research by HSBC Bank suggests more than one-third of affluent Asians own overseas property, and that our market is the number one destination for further investment. Of the wealthy mainland Chinese surveyed by HSBC, 9 per cent owned property in Australia, while of the respondents from Hong Kong, 10 per cent did.
Of the rich Indians surveyed 18 per cent owned Australian property, 19 per cent of Indonesians and Singaporeans, 26 per cent of Malaysians, and 5 per cent of wealthy Taiwanese.
But while home buyers may complain, it's great news for local property developers, such as the listed Australand.
It revealed in its annual results on February 17 that it sold about 15 per cent of its residential developments to offshore investors in 2013, primarily mainland Chinese, almost double the historical average of 8 per cent.
The sales were made through its Hong Kong office, which Australand opened some 10 years ago. The company said it expected demand from that segment to remain at the same level in 2014.
But on the evidence of growing overseas interest in grabbing a slice of the Australian dream, that may be a conservative view.
加拿大新政逼中国买家到澳大利亚
加拿大财政部长费海提取消了为吸引具有购买力的外国买家的政策，可能会对澳大利亚已经被高估的住宅物业市场带来不利影响。
加拿大财政部长费海提在本月11号宣布即时生效的新政：取消已存在28年的旨在吸引富有的外国人的签证政策。
原有政策规定，拥有净资产达160万美元的外国人，无息贷款给加拿大政府达五年，借款人及其家人即可获得永久居留权并可提前获得加拿大国籍。
有一些人并不支持原有的政策，很大一部分原因是越来越多人认为加拿大国内原本已高企的楼价被富裕的中国人进一步推高了，在温哥华尤为明显。
据《南华早报》的分析，在政策被取消时，有六万五千名申请者的申请被积压，其中有四万五千五百名为中国大陆人，他们之中百分之八十准备前往位于加拿大西部的不列颠哥伦比亚省
《经济学人》杂志将加拿大的住宅物业市场评为全球最贵之一。该杂志的分析员认为在租赁方面，住房和长期以来的平均数值相比被高估了百分之七十六，是参评的二十三个国家中最高的，超出可支配收入百分之三十一。
根据世界银行的数据，加拿大的家庭债务与国内生产总值的比值接近一比一，是2006年以来增长最快的国家。2012年4月，前加拿大银行主席、现任英格兰银行行长马克·卡尔尼，警告外国资本具有使房地产市场膨胀的风险。
更多的买家考察澳大利亚
廷德尔资产管理公司固定资产部门的负责人罗杰·布瑞吉斯表示，加拿大可能提早许多作出调整，但加拿大当局做出的减少泡沫出现的风险的举措应该受到澳大利亚投资者的欢迎。
加拿大的房地产市场属于安全性高，影响力大的类型，正被债务研究人士密切注意。
上述现象的原因是，澳大利亚的本土放贷者与加拿大方面的银行只有很少的联系。两国经济的相似程度会使很大数量的全球投资者选择规避风险，他们之中的很多人已经认为澳大利亚的房地产市场的泡沫将要破裂。
当然，富有的外国人只能在边缘上推高价格，并且通常只在特定的领域。低利息率使加拿大，在严重依赖商品出口的经济背景之下对贷款的需求增大。
所有上述的情况对于澳大利亚来说都很熟悉，特别是那些曾在悉尼购房的人。一些证据显示，悉尼的某些地方的拍卖会已经有愿意出高昂额外费用的中国买家出席。
而加拿大限制那些富有的人进入该国后，只会使澳大利亚市场利率升高。
汇丰银行的调查显示超过三分之一的富有的亚洲人拥有海外资产，澳大利亚是他们进行海外投资的首选目的地。参加调查的来自中国大陆的人中有百分之九的人在澳大利亚拥有房产，来自香港的被调查者中有百分之10拥有澳大利亚房产。
其他地区参与调查的同样拥有澳大利亚房产的情况是，百分之十八的印度人、百分之十九的印度尼西亚人和新加坡人、百分之二十六的马来西亚人和百分之五的台湾人。
尽管想要购买房产的人对这种情况不满，对于澳大利亚国内的地产商确是有好处的，例如澳洲置地。
该公司在本月17号发布的年报显示，在2013年有百分之十五的住宅卖给了海外投资者，主要来自中国大陆，几乎是历史记录百分之八的翻倍。
交易在该公司十年前开始设立在香港的办事处进行。该公司表示他们预期2014年在该类型的房产的需求上会同2013年持平。
但从不断增长的海外投资对于澳大利亚前景十分看好这方面来看，这似乎是保守看法。
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Wednesday, February 26, 2014
ecns [expanded by feedex.net]: IFC to issue record RMB bonds in London
ecns [expanded by feedex.net]
ecns
IFC to issue record RMB bonds in London
http://www.ecns.cn/business/2014/02-27/102523.shtml
Feb 26th 2014, 22:46
2014-02-27 07:46
The International Finance Corporation (IFC), a member of the World Bank Group, will issue RMB-denominated bonds worth 1 billion yuan (165 million U.S. dollars) next month in London, announced sources with the IFC China branch in Beijing on Wednesday.
The issuance, the largest ever on the London Stock Exchange by a multilateral agency, is aimed at increasing foreign investment in China, according to IFC Vice President Hua Jingdong.
It will demonstrate the strong demand from international investors for offshore RMB bonds, while providing an alternative source of RMB funding for investment in China, he said.
China has been trying to introduce the RMB into the global market in an unprecedented fashion. It has been pushing the currency through cross-border trade settlement since June, 2009, as its capital account is largely closed.
Since that year, China has promoted RMB internationalization with a three-pronged approach: facilitating international trade and investment denominated and settled in RMB, encouraging offshore RMB service centers to develop offshore RMB-denominated financial products, and encouraging central banks to hold the currency as part of their foreign exchange reserves.
The IFC pioneered the international issuance of RMB-denominated bonds in China (Panda bonds) and Hong Kong (Dim Sum bonds). It was also first to set up a program to issue offshore RMB-denominated discount notes on regular basis.
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ecns
IFC to issue record RMB bonds in London
http://www.ecns.cn/business/2014/02-27/102523.shtml
Feb 26th 2014, 22:46
2014-02-27 07:46
The International Finance Corporation (IFC), a member of the World Bank Group, will issue RMB-denominated bonds worth 1 billion yuan (165 million U.S. dollars) next month in London, announced sources with the IFC China branch in Beijing on Wednesday.
The issuance, the largest ever on the London Stock Exchange by a multilateral agency, is aimed at increasing foreign investment in China, according to IFC Vice President Hua Jingdong.
It will demonstrate the strong demand from international investors for offshore RMB bonds, while providing an alternative source of RMB funding for investment in China, he said.
China has been trying to introduce the RMB into the global market in an unprecedented fashion. It has been pushing the currency through cross-border trade settlement since June, 2009, as its capital account is largely closed.
Since that year, China has promoted RMB internationalization with a three-pronged approach: facilitating international trade and investment denominated and settled in RMB, encouraging offshore RMB service centers to develop offshore RMB-denominated financial products, and encouraging central banks to hold the currency as part of their foreign exchange reserves.
The IFC pioneered the international issuance of RMB-denominated bonds in China (Panda bonds) and Hong Kong (Dim Sum bonds). It was also first to set up a program to issue offshore RMB-denominated discount notes on regular basis.
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