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Issue 239

WiC 239 (May 30, 2014)

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Deal of the century?

China and the World, Talking Point Years in the making, a Sino-Russian gas deal benefits from new…

"My enemy’s enemy is my friend’ is a pithy phrase but hardly a new one. The concept is thought to have been first expressed in a Sanskrit treatise ...

Smart guy

Telecoms Dissatisfied with existing smartphones, Luo Yonghao designs a new one

I n 2011, when Luo Yonghao thought his fridge door wasn’t shutting properly, he made several complaints to Siemens, the manufacturer (see WiC132). ...

Clicking with investors

China Consumer Why JD.com’s IPO bodes well for Alibaba

"Am I worried about what Liu Qiangdong is doing today? I have never met this person, he can do whatever he wants for all I care.” Jack Ma seemed a ...

China’s Enron?

Property Listed firm in a major new accounting scandal

Between 1996 and 2000 the revenues of an American energy company broke new records, rising 750% to $100.8 billion. If that seemed too good to be true, ...

Chemical reaction

Energy & Resources Newspapers claim Shenhua and Dow have shelved their Yulin project

The Dow Chemical Company started out by making bleach in 1897. Its founder Herbert H Dow grew the firm into a chemicals giant, using the mantra: “If ...

Local relief

Banking & Finance Beijing allows municipal bonds after a 20-year hiatus

When Zhu Rongji was appointed vice premier in 1993, central government revenues were a paltry 12.6% of the economy – the lowest among the major ...

Zhang’s homecoming

Entertainment Veteran director breaks new ground with movie set in Cultural Revolution

During the promotion of his new movie Coming Home director Zhang Yimou stressed that he wasn’t just rehashing the arthouse panache of his ...

Jumei.com

Who’s Hu Chen Ou

“Strive for our dreams, live a wonderful life and be ourselves......I'm Leo Chen. I'd like to represent myself." That was how Chen Ou ...

An inspector calls

Economy Xi Jinping visits Shanghai’s free trade zone

While the world refers to it as Shanghai’s Free Trade Zone (or FTZ), the project’s official name is the China (Shanghai) Pilot Free-Trade Zone. The ...

Uninstalled

Internet & Tech Microsoft has a bad week in China

When it comes to the China market, Microsoft cannot be accused of short-termism. Back in 1998 it was one of the first foreign firms to open a research ...

Bottom of the class

Planet China Excuses from officials often end up as buzzwords in China’s social…

Excuses from officials often end up as buzzwords in China’s social media. “Female classmate” is the latest term to enter the lexicon after a ...

Iron law of economics

Sino-File “Iron ore prices are coming off because we see massive expansions…

Glencore boss Ivan Glasenberg blames BHP Billiton, Rio Tinto and Vale for falls in iron ore prices, saying the three miners have an "obsession" ...

And the band played on

Cartoons And the band played on

It inspired one of the most popular films in Chinese cinema history. But as metaphors go, references to the Titanic have an unmistakeable message: ...

Walk like an Egyptian

And Finally Shijiazhuang’s version of the Sphinx stirs protests from Cairo

Here’s a riddle fit for a Sphinx – why would developers in the northern city of Shijiazhuang build a life-size replica of the famous Egyptian ...

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