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Issue 160

WiC 160 (Jul 27, 2012)

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Less golden for China?

Sport, Talking Point Can London best Beijing? And will the Chinese team win most…

The last time that the Olympics were held in Britain the country was in a grim economic condition. And it rained a lot. Sound familiar? As the Games ...

School for scandal?

Banking & Finance New Oriental faced with short-sellers and the SEC

"When you climb to the top of a mountain and want to reach the top of another hill, you are going to have to start all the way from the bottom. ...

“You got pandas, we got oil”

M&A China announces a spate of acquisitions in Canada

China’s emperors began handing out pandas as gifts to smooth diplomatic relations 1,300 years ago. In the 1950s the government of the People’s ...

Help wanted

Economy Government receives petition from 600 Zhejiang businesses seeking aid

Petitioning is an ancient Chinese tradition, a system by which those who feel wronged are able to complain directly to a higher authority. It is often ...

Burmese daze

China Consumer Adidas dumps China in search of lower costs

In the 1920s two brothers, Adolf and Rudolf Dassler, started making leather goods in their mother’s kitchen. The two moved on to make sports footwear ...

Fast forgotten?

Rail & Infrastructure An unhappy anniversary: the Wenzhou rail crash

When a high-speed train ran into the back of another near the city of Wenzhou on July 23 last year, killing 40 and injuring 172, China watchers ...

Hawking assets

Aviation Little-known Chinese firm swoops on US plane maker

In 2009, Chinese entrepreneur Cheng Shenzhong acquired Superior Air Parts, a small manufacturer of aviation components in Texas on the verge of ...

Bean counting

Agriculture Will soya and corn shortfall drive up inflation?

Think of Chinese food and you will likely think of soya sauce, a condiment invented some 1,800 years ago in China. But, surprisingly, the main ...

Fancy footwork in Africa

China and the World A Chinese entrepreneur spends billions on an Ethiopian shoe factory

When Chinese admiral Zheng He’s fleet of ships arrived at the east coast of Africa in the early 15th century, he presented gifts of gold, silver, ...

China’s newest city is in Africa

China and the World Controversy dogs a Chinese-built city in Angola

A “ghost town” is the Daily Mail’s verdict on Nova Cidade de Kilamba. The UK newspaper has been showing video footage on its website of one of ...

After the flood, recriminations

Society Public fury over dodgy Beijing drains and flood deaths

Eight out of the nine men in China’s governing elite have a background in science and engineering. Some of them are even hydraulic engineers. So ...

Not so happy campers

Entertainment Big ad revenue losses for Hunan Satellite TV as its shows flop…

In 1997, when Chinese provincial stations were dominated by monotonous, politically-correct programmes, Hunan Satellite Television launched Happy ...

Prison blues

Planet China Most people are pretty happy when they are released from prison.…

Most people are pretty happy when they are released from prison. Not Fu Daxin, a 73 year-old from Hunan province. Four years ago Fu committed robbery ...

Stormy times in Hong Kong

Cartoons Stormy times in Hong Kong

Extreme weather rocked the financial centre of Hong Kong this week. Typhoon Vicente first hit during Monday’s evening rush hour, when it was declared ...

Soldiering on

And Finally PLA celebrates its 85th birthday at delicate time

On August 1 the People’s Liberation Army of China will mark 85 years since its founding. In those early years it numbered just 30,000 troops. Today ...

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