Today’s China Readings August 16, 2012

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

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Premier Wen Jiabao visited Zhejiang and declared that China is capable of fulfilling this year’s growth target. His appearance could be a sign that whatever leadership meetings may or may have been held in Beidaihe are now over, or on break.

Tensions are very high today between Japan and China. Japan arrested 14 Chinese activists over Diaoyu Islands issue, Beijing will lodge representations to Japan over nationals’ detention, two Japanese ministers visited the Yasukini shrine and Zhong Sheng criticized Japan’s incorrect historical view in People’s Daily–日本不端正历史观就难以自律. Reuters has a good roundup of all this in China demands Japan release activists over island protest. There is a heavy police presence around the Japanese embassy in Beijing and the situation could get much uglier.

Sina just reported earnings and those who are interested in the costs of “content management” for Weibo may find this disclosure interesting:

Operating expenses for the second quarter of 2012 totaled $69.8 million, compared to $59.7 million for the same period last year. Non-GAAP operating expenses for the second quarter of 2012 were $66.8 million, compared to $56.4 million for the same period last year. The increase in non-GAAP operating expenses was primarily due to increased personnel-related expenses and infrastructure-related spending, partially offset by a decrease in marketing expenditures. These changes were mostly related to

Managing Weibo requires a lot of people, especially in 2012’s very sensitive environment.

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