"Sinocism is the Presidential Daily Brief for China hands"- Evan Osnos, New Yorker Correspondent and National Book Award Winner
Just links today, still in a bit of a turkey coma:
BUSINESS AND ECONOMY
Job hunters pack into job fair in Wuhan – Xinhua | English.news.cn–Pictures – Job hunters pack into the venue of a job fair in Wuhan, capital of central China’s Hubei Province, Nov. 24, 2012. The job hunting fair, providing nearly 10,000 vacancies, attracted over 50,000 job seekers on Saturday.
China’s Wenzhou unveils reform plans as bad loans climb | Reuters – Under the plans announced by the municipal government, the wealthy coastal city of Wenzhou, aims to channel private money into local businesses through formal institutions – mainly small credit firms, the official Securities Times said, citing officials.
Why Chinese Firms’ Cross-Border Deals Fall Apart – Laurence Capron and Will Mitchell – Harvard Business Review – So although many Chinese acquirers are becoming more adventurous in their deal-making deals, they need to reduce the cancellation rate of their announced acquisitions. To do so, they must:
POLITICS AND LAW
Insurer’s Regulatory Win Benefits a Chinese Leader’s Family – NYTimes.com– second story from David Barboza on Ping’an and Wen Jiabao’s family// Western and Chinese bankers and lawyers involved in Ping An’s 2004 Hong Kong stock listing and a subsequent 2007 listing in Shanghai said they did not know that relatives of Mr. Wen had acquired large stakes in the company. Executives at Morgan Stanley and Goldman Sachs, which once held sizable stakes in Ping An and served as lead underwriters for the Hong Kong public offering, also said they were never told of the holdings. At Ping An’s urging, the two investment banks had also appealed in 2000 to Mr. Wen and other regulators for the waiver from the breakup rule. The private equity divisions of the two investment banks sold their combined stakes to HSBC in 2005 for about $1 billion — a 14-fold increase on their initial investment.
Desmond and Whitney Shum Fellows – Details | Fairbank Center – Whitney is the English name of Duan Weihong. So whether or not corruption was involved in the accumulation of wealth from the Ping’an stake, Harvard and some of its graduate students benefit//The Fairbank Center for Chinese Studies is pleased to announce the Desmond and Whitney Shum Fellowship, which supports graduate students undertaking social science research projects in China. Harvard doctoral candidates from any school within the university specializing in a field of the social sciences are eligible, with preference given to students of government, public policy, public administration, economics, law, and sociology.
Ex-lawyer demands probe of his wrongful persecution under rule of China’s fallen politician Bo – The Washington Post – The former defense lawyer, Li Zhuang, is demanding a thorough investigation of his case, which has raised questions about how Bo ruled Chongqing — a metropolis in China’s southwest — as its party chief until his downfall in March.
李庄：有人说重庆打黑没收上千亿 国库入库才9.3个亿 _资讯频道_凤凰网 – Li Zhuang: some say up to 100B RMB of assets were confiscated in Chongqing under Bo Xilai, but only 930m when to the state
龚刚模称遭重庆专案组警察逼迫陷害李庄_网易新闻中心 – Go
习时代中国面临大变局 政改困境亟需打破_多维新闻网 – there are some who are optimistic about reform//【多维新闻】中共十八大刚刚落幕，
China Cracks Down On Poet Li Bifeng And Dissident Writer Li Yuanlong – The Daily Beast – Even as the country’s new leaders promise reform, in the past week, officials have jailed a famous pro-democracy poet, a Twitter prankster, and an investigative journalist. Duncan Hewitt reports on the disconnect between party promises and the ongoing silencing of public critics.
China denies removing man over deaths of five homeless children | World news | guardian.co.uk – A commentator for Caixin magazine pointed out there were 58 million left-behind children in China, warning that without further action “the tragedy in Bijie is bound to happen again”
FOREIGN AND DEFENSE AFFAIRS
China never accepts Japan’s “control” of waters near Diaoyu Islands: FM spokeswoman – Xinhua | English.news.cn – “China has always stressed that Japan’s so-called existence on, or control of, the sea area adjacent to the Diaoyu Islands is illegal and invalid, which China never accepts,” Foreign Ministry spokeswoman Hua Chunying told a daily press briefing on Thursday.
辽宁舰进行歼-15起降飞行训练_网易军事 – Picture
The Chinese road to ruin and prison–Brisbane Times– won’t help with the returnee marketing// AN AUSTRALIAN cardiac surgeon has been jailed in China after his local partner allegedly stripped him of the business he founded and listed it on the Nasdaq stock exchange.The case of Du Zuying, who was a heart and lung transplant specialist in Melbourne and Sydney, is perhaps the most startling in a series of murky prosecutions of ethnic Chinese Australians since the 2009 arrest of Rio Tinto iron ore executive Stern Hu. The company Dr Du founded, China Biologic Products, supplies blood plasma products to Chinese hospitals and is worth about $300 million.
Pressure mounts on Carr over China rights abuses-Sydney Morning Herald-Garnaut– PRESSURE is mounting on Australian Foreign Minister Bob Carr to take an open and forthright approach to legal abuses in China. This follows revelations that another successful Chinese Australian entrepreneur has been quietly jailed.
HONG KONG AND TAIWAN
Macau police arrest five, gangster Broken Tooth release due | Reuters – Police in the world gambling capital Macau arrested five people on Saturday on suspicion of planning to commit murder as the territory off the coast of China braces for the imminent release from jail of a notorious gang leader.
TECH AND MEDIA
New censorship on weibo. | GreatFire.org – Back in October, we mentioned that weibo rolled out new semi-censorship. Apparently this is not enough. Now weibo has four different ways to censor keywords.
SOCIETY, ART, SPORTS, CULTURE AND HISTORY
China’s ‘Beijing Blues’ wins at Taiwan film fest– “Beijing Blues” portrays the lives of the urban dwellers through the work of a squad of plainclothes crime-hunters. In receiving the award, director Gao Qun Shu was visibly shocked, and he thanked the “globe” for giving an inexperienced director like him such honor and recognition.
Movie review: ‘Beijing Blues’ – China.org.cn – 神探亨特张／／
Is This Leica Luxus Worth $230,000? – Scene Asia – WSJ – Leica is killing it in China. Major status symbol among a certain set, and of course great camera// Camera collecting peaked in the 1990s, said Jon Baddeley, managing director at Bonhams, but the vintage market has seen a resurgence as collectors from emerging markets have gotten involved. A Chinese bidder earlier this year paid $2.8 million for a rare 1923 prototype model, a new auction record, Mr. Baddeley noted, prompting this week’s sale.
FOOD AND TRAVEL
Ski fields in Urumqi opens for business – Xinhua | English.news.cn – hear the skiing out there is very good// People ski at a ski field some 38 kilometers south of Urumqi, northwest China’s Xinjiang Uygur Autonomous Region, Nov. 24, 2012. Ski fields in Urumqi opened for business on Saturday as snow continued in northern Xinjiang this week