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Issue 229

WiC 229 (Mar 14, 2014)

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The Putin paradox

China and the World, Talking Point China ponders how to respond to Russian intervention in Ukraine

The monks of the Shaolin monastery are known as near-invincible kungfu fighters. But when Vladimir Putin visited Shaolin eight years ago, Li Zhaoxing ...

Sailing into a storm?

Shipping Why a shipping firm may regret getting into the lending business

Sainty Marine was one of China’s luckier shipmakers. The biggest state-backed ship manufacturer in Jiangsu province, it went public in 2011 shortly ...

Nerves of steel

Energy & Resources What do record stockpiles of iron ore say about the…

You have probably never heard of Zhouning County. But for bankers in Shanghai, it has been the source of a few sleepless nights. WiC has written ...

Dark times

Banking & Finance Solar power firm puts an end to the ‘Beijing Put’

At 5.30pm last Friday China experienced its first bond default. It spelled the end of the ‘Beijing Put’ mentioned in WiC226 – that is to say, ...

Serve the people

Internet & Tech After Lenovo’s purchase of an IBM business, its Chinese workers strike

Integrating two different corporate cultures is always one of the thorniest challenges in making a takeover work. And after buying IBM’s personal ...

Canning workers

Energy & Resources As Chalco shows early signs of turnaround, boss calls for State…

When Aluminum Corp of China (Chinalco) paid $14 billion for 9% of Rio Tinto in February 2008 it was seen as a strategy to prevent a takeover by Rio’s ...

Mystery of the missing plane

Aviation China stunned by disappearance of flight from Malaysia

The media may not independently analyse or comment on the lost Malaysia Airlines flight. Related coverage must strictly accord with authoritative ...

Not fast enough

China Consumer McDonald’s overhauls China franchisee scheme

Last August McDonald’s franchisees in the United States accused the company of overcharging them in an effort to boost the company’s bottom ...

Watching Wang

Entertainment TV habits of top politician become national talking point

Every year in early March the annual session of China’s legislature, the National People’s Congress (NPC), is convened. The meeting is closely ...

Dynamic duo

Entertainment Top director and actress hope to rekindle past glory

Actress Gong Li was paid as little as Rmb200 for her role in Red Sorghum. The 1987 film, directed by filmmaker Zhang Yimou –­ then ...

Uniform behaviour

Society This year’s CPPCC in Beijing lost its haute couture glamour

Beijing Fashion Week – that’s how some netizens have referred to the Chinese People’s Political Consultative Conference in the past, after so ...

Camera shy

Planet China Few people get close to giant pandas. That’s just as well.…

Few people get close to giant pandas. That’s just as well. Although the endangered species often has a cuddly reputation, they are still bears, after ...

In a defiant mood

Sino-File “I have my responsibility over the erroneous trading and have already…

Yang Jianbo talks to the South China Morning Post about his lifetime ban from the securities industry. The former trading head of Everbright ...

More China loot for Beckham

Cartoons More China loot for Beckham

Not content with his ambassadorial role for China’s top football league, David Beckham has signed up for diplomatic duties with carmaker Jaguar too. ...

From tycoon to ty-con

And Finally Football club owner is jailed in Hong Kong

Hong Kong businessnman Carson Yeung promised an annual transfer kitty of £40 million ($66.69 million) for Birmingham City after taking over the ...

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