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Granny’s got talent

Sentiment sells in China too
Jun 5, 2009 (WiC 18)

Granny’s got talent Sentiment sells in China too She was a rather dishevelled 48 year-old who lived a quiet and ordinary life with her mother in Scotland. Until, that is, Susan Boyle belted out a song, appropriately called I Dreamed a Dream, ...

China Open to get IMG touch
Jun 5, 2009 (WiC 18)

Beating Rafael Nadal at tennis on clay is meant to be all but impossible. In fact, the Spaniard hasn’t been beaten on clay at the French Open for four consecutive years. So does Nadal’s shock defeat to relative unknown Swedish underdog, ...

Making new friends

Why a local drama inspired by a US show marks a new era for Chinese TV
Jun 5, 2009 (WiC 18)

To a generation that lived in the 1970s, the word ‘struggle’ is associated with the horrors of the Cultural Revolution, and in particular with struggle meetings, where party officials were beaten and forced into self-criticism by Red ...

A very sub-prime borrower

Zou Qing gets a life sentence after fraudulently applying for 199 mortgages
Jun 5, 2009 (WiC 18)

At a business forum several years ago in Yunnan Province, Wang Shi, the chairman of Vanke, the largest publicly traded property developer in China, gave a speech to several hundred executives about how Vanke has prospered without paying a single ...

Bags of savings

Statistic of the week: China now uses 40 billion fewer plastic bags per year
Jun 5, 2009 (WiC 18)

A man dressed as Charlie Chaplin is on a mission. He waddles around the city of Zhengzhou twirling his cane and trying to persuade shoppers at a vegetable bazaar not to use plastic bags, writes the Henan Commercial News. When Chaplin (a local ...

Three kings do battle

A three-way war for China’s oil business has commenced
Jun 5, 2009 (WiC 18)

As every Chinese schoolchild knows, between the years of 220 and 280 their country was split into three kingdoms: Wei, Shu and Wu. It was an era of battle, bluff and chess-like stratagem – in which some of China’s greatest generals competed ...

Visiting the bank manager

Tim Geithner was in Beijing at the beginning of the week on a mission to reassure.
Jun 5, 2009 (WiC 18)

So into the lion's den... The Beijing-based Global Times was waiting with a survey of 23 Chinese economists, 17 of which deemed it “risky” to be holding US bonds. On the other hand, at least a majority of the survey was ...

Intangible lending

Chinese banks experiment with loans collateralised by patents
Jun 5, 2009 (WiC 18)

The year 1421 was more seminal to the course of world history than most people think. It was a year in which China launched the greatest navy that had ever been. Author Gavin Menzies reckons Admiral Zheng He’s fleet reached America and ...

A scourge of China

Why the government has launched a massive vaccination campaign
Jun 3, 2009 (WiC 22)

Going to school used to be a simple matter. Buy a backpack, grab a few pencils and head for the door. But in China, the academic survival kit is not complete without a vaccination against hepatitis B, a virus that can cause lifelong ...

Dollars and sense

Talk of the yuan replacing the greenback is overblown
May 29, 2009 (WiC 17)

Almost 65 years ago, the US treasury secretary had some big news for President Roosevelt. “England is broke,” Henry Morgenthau told a shocked FDR. “I had no idea” replied the president. “I will go over there, make a couple of talks and ...

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