CSG news update -- 2007-05-17

From China Study Group <chinastudygroup@gmail.com>
Date Thu, 17 May 2007 02:00:35 -0700

China Study Group news update

Bourses in China eclipse all of Asia
FT | 2007-05-16
Jamil Anderlini 
The value of shares traded on China's stock markets on Wednesday was greater than the rest of Asia combined – including Japan – helping the benchmark index to breach the 4,000 mark for the first time.  Analysts said this was almost certainly the first time that turnover at the Chinese bour...

Comrades, Flush!
Danwei | 2007-05-16
Joel Martinsen
Beijing's print media has discovered revolutionary toilet humor, and boy is it controversial!  The image at left, a woodblock print of a worker, a farmer, and a soldier, was found on the wall of a toilet stall in Beijing. It plays on the word 冲, which usually means "charge" in the battle-cry...

China's Africa Initiative and American Response
News Blaze | 2007-05-16
Rahul K Bhonsle
China's vigorous ingress into Africa has once again caught attention of the World. Chinese goals in making forays into Africa are said to be four fold as follows:-  - China will forge friendship, maintain close political dialogue, coordination and increase mutual understanding and trust with A...

PBOC governor: ADB meetings promote financial co-op between China, Africa
Xinhua | 2007-05-16
 SHANGHAI, May 16 (Xinhua) -- The ongoing 2007 annual meetings of the Board of Governors of the African Development Bank Group will vigorously promote financial cooperation between China and Africa, Zhou Xiaochuan, the governor of the People's Bank of China, said on Wednesday.      In an exclu...

Equality for foreign periodicals, but there's a GAPP
Danwei | 2007-05-16
Maya Alexandri
As mentioned earlier on Danwei, the International Federation for Periodical Press (FIPP) just concluded its 36th World Magazine Conference in Beijing. At the conference, GAPP official Liu Binjie promised foreign periodicals that China will comply with its WTO accession terms by "going a step further...

Taiwan Simulates Attack From Rival China
Guardian | 2007-05-16
Peter Enav
TAIPEI, Taiwan (AP) - Six Taiwanese jet fighters touched down on a highway in central Taiwan Tuesday, as the island responded to a simulated attack from rival China at the start of three days of extensive war games.  This year's annual Hankuang (Chinese Glory) military exercises come with Pres...

WHO Rejects Taiwan Bid for Membership
Guardian | 2007-05-16
GENEVA (AP) - The World Health Organization rejected Taiwan's bid for membership on Monday after Chinese officials accused the island of trying to strengthen its claim to sovereignty.  The World Health Assembly, by a vote of by 148-17, approved a recommendation by the assembly's General Co...

In China, It's Not Always Clear for Whom the Booth Tolls
New York Times | 2007-05-16
Jim Yardley

China: Pastureland threatened by rats
Business Week | 2007-05-16
Officials blame a warm winter for a boom in the rat population in part of western China, state media reported Tuesday.  Xinhua News Agency said the rats were threatening an estimated 5 million acres of pastureland in Altay, about 20 percent of the total in northern Xinjiang.  The average tempera...

China cites gains made by women
LA Times | 2007-05-16
Ching-Ching Ni
BEIJING  Chinese officials painted a bright picture of gender equality in the country Tuesday, saying more women are entering the workforce, getting a basic education and moving into positions of power in government.  However, women have yet to break into the highest echelon of the Communis...

China's Oil and Coal Imports Rise
Forbes | 2007-05-16
China's imports of oil and coal rose in April, as the country's fast-growing economy continued to boost demand for fuel and power generation.  China's crude oil imports rose 23 percent in April from a year ago to a record monthly high, a report by the General Administration of Customs ...

China's dilemma
Frontline | 2007-05-16
 There has been a huge increase in investment in real estate on account of excess liquidity caused by the burgeoning foreign exchange reserve.  CHINA'S economic predicament today is unenviable. Its problem is not that it is experiencing slow growth or is faced with recession, but that it has g...