"Sinocism is the Presidential Daily Brief for China hands"- Evan Osnos, New Yorker Correspondent and National Book Award Winner

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• Stocks Rise as China Cuts Bank Reserve Ratio – Bloomberg – China will cut the reserve requirement ratio for banks by 0.5 percentage points from Dec. 5, according to a statement on the central bank’s website today.
• China military condemns US-Australia military pact – Yahoo! News –
• Prof. Gillis: Muddy Waters FMCN Report Attacks Crony Corporate Governance in China | iChinaStock – Gillis：If Muddy Waters is right, this is going to get everyone focused on the promoters and boards of the companies, wondering if they are ripping off shareholders. The whole issue of corporate governance of these companies will be front and center.
• For Property Developers, the Game Is Survival – Caixin Online – Real estate firms are hunkering down now that the government has decided to continue market controls
• Shanghaied Home Buyers Take to Street – Bloomberg – In October, hundreds of homeowners demonstrated outside the offices of China Overseas Property Group Co. over cuts (SHPROP) at another project in Shanghai, according to the Chinese-language New Century Weekly. There have also been Chinese newspaper reports of similar protests in Beijing and the industrial city of Shenzhen near Hong Kong.
  “This is certainly sending a very alarming signal,” said Cheng Li, a senior fellow at the Brookings Institution in Washington. “If property prices really go down, there will be a serious political crisis led by the middle class.”
• Opinion: Protecting America in cyberspace – Rep. Mike Rogers and Rep. Dutch Ruppersberger – POLITICO.com – American businesses are under attack. Right now, countless hackers in China – many sponsored by the government – are actively trying to steal valuable intellectual property from U.S. Fortune 500 companies. Every day, China, Russia, Iran and others are blatantly stealing reams of information from U.S.-owned computers.
• Georgetown students shed light on China’s tunnel system for nuclear weapons – The Washington Post – The Chinese have called it their “Underground Great Wall” — a vast network of tunnels designed to hide their country’s increasingly sophisticated missile and nuclear arsenal.

  For the past three years, a small band of obsessively dedicated students at Georgetown University has called it something else: homework.

• Academic and skeptic launch into online war of words|Nation|chinadaily.com.cn – BEIJING – Former head of Google China, Kai-Fu Lee, has got involved in a verbal battle with a scholar renowned for exposing frauds in the academia since Tuesday. Fang Zhouzi, an academic known for his opposition to "pseudoscience", accused Lee of bragging about his job title during his teaching stint at Carnegie Mellon University (CMU) in the United States.
  Lee, former Google China president and current CEO of Innovation Works, said in his Chinese-language biography, published in September 2009, that he used to be the youngest associate professor in CMU at the age of 26.
  "If I stuck to that for several years, I could get a tenure (lifelong post)," Lee wrote in the biography.
  These words were challenged by Fang, who wrote in his micro blog on Weibo.com on Tuesday that Lee was, in fact, an assistant professor at CMU, rather than an associate professor.
• Information Dissemination: US Primacy in Asia: Not Inevitable – With a hat tip to the Lowy Institute Blog, these are some interesting comments by Malcolm Turnbull, the Australian Shadow Minister for Communications and Broadband, and a very high ranking leader within Australia's Liberal Party.

  This is not the typical party line one often sees in the US or Australia, which from a political view, more frequently looks into the future of Asia in the context of US retaining superiority even when nodding to US relative decline. In this speech, Turnbull repeats a new tone on the subject, first noted by Sam Roggeveen last month, and again yesterday by calling for the pursuit of a future regional balance in Asia.

• The Fritz Demopoulos China Internet Top And The 2011 IPO Horror Show | DigiCha –
• Microblog politics in China-Global Times – Opening Weibo accounts has become a trend recently among government departments and officials.
• PATRIOT Act clouds U.S. tech edge – David Saleh Rauf – POLITICO.com –
• Chinese Skiers Lift Japan as Tourism Defies Yen to Beat Slump – Bloomberg –
• China’s sway runs deep in Myanmar’s ancient capital – Yahoo! News –
• China to Raise Poverty Threshold – WSJ.com –
• 房产危机秒杀绿城 宋卫平落寞转让足球俱乐部 – 产经 – 21世纪网 – 楼市调控之下开发商绸缪“过冬”，绿城公开表示，愿意转让俱乐部一线球队。
• Foreign Companies View Myanmar as Lucrative Frontier – WSJ.com –
• Ryanair CEO Michael O’Leary Backs China’s Cormac – WSJ.com – China's bid to convince airlines it can make jetliners as safe as Boeing Co. and Airbus aircraft is getting a big rhetorical boost from Ryanair Holdings PLC Chief Executive Michael O'Leary.

  Mr. O'Leary, whose Dublin-based budget carrier Ryanair describes itself as Europe's biggest by passenger numbers, is staking an early negotiating position for his next aircraft purchase by trumpeting the "game changer" potential of Shanghai-based Commercial Aircraft Corporation of China Ltd., or Comac, as a third competitor.

• Hank Paulson Tipped Off The Goldman-Led "Plunge Protection Team" About Fannie Bankruptcy 7 Weeks In Advance | ZeroHedge – Where it however gets worse is when one considers the actual role of one Eric Mindich in the hierarchy of the Asset Managers' committee of the President's Working Group on Capital Markets, better known of course as the PPT: a topic we discussed first back in September 2009 when we asked "What Is Goldman Alum Eric Mindich's Role As Chair Of The Asset Managers' Committee Of The President's Working Group?"
• Philip Bowring: The Coalition Against Chinese Hegemony – WSJ.com – To resist Beijing's maritime claims, Asean members will have to compromise and form a common front.
• Inside China – Washington Times – A rare public protest against the Chinese military took place June 18 at the Chinese border city of Shenzhen, the logistics base for all People's Liberation Army (PLA) troops stationed in nearby Hong Kong.

  Scores of angry, boisterous, and banner-holding protesters, most of them relatives of retired and active-duty, lower-ranking PLA officers, stormed the gate to the main base there to protest unfair and corrupt housing policies within the PLA.

• China urges reviving sea boundary talks | The Japan Times Online – China has proposed resuming negotiations with Japan on setting their boundary in the East China Sea in an apparent attempt to highlight issues related to their dispute over the Japan-controlled Senkaku Islands, sources said Monday.
• Red Flags in Chinese Stocks – Muddy Waters' Carson Block on CNBC TV w @herbgreenberg
• Inside McKinsey – FT.com – Has the world become a better place w the rise of McKinsey & Davos Man global elite?
• Business Technology Consultants in Greater China at McKinsey & Company in Shanghai, Beijing, Hong Kong – Job | LinkedIn –

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