A list of what The Wall Street Journal’s reporters in China are reading and watching online. (NOTE: WSJ has not verified items in the ‘News’ section and doesn’t vouch for their accuracy.)
* The grand global expansion plans of China’s state broadcaster (Guardian)
* A man from mainland China paddles to Taiwan to see elections, gets arrested(NYT)
* No mercy: China executes a Filipino drug mule despite pleas from Benigno Aquino (CS Monitor)
* China’s alternative to the Nobel Peace Prize is officially awarded to Vladimir Putin (AP0
Analysis and Commentary:
* How four government officials hid behind China’s underage prostitution law in the gang rape of 12-year-old girl (Global Voices)
* A Chinese take on Occupy Wall Street (China Geeks)
* A new slang term for the times: Stake it on Daddy, or 拼爹 (China Media Project)
* Five officials are suspended for sleeping during a video conference on laziness at work. Yes, really. (Reuters)
* A two-legged pig that can walk (h/t Shanghaiist):
Cumulative appreciation of the renminbi against the US dollar since the end of the dollar peg was more than 20% by late 2008, but the exchange rate has remained virtually pegged since the onset of the global financial crisis.
In 2006, China announced that by 2010 it would decrease energy intensity 20% from 2005 levels.
China has emphasized raising personal income and consumption and introducing new management systems to help increase productivity.
Some economists believe that Chinese economic growth has been in fact understated during much of the 1990s and early 2000s, failing to fully factor in the growth driven by the private sector and that the extent at which China is dependent on exports is exaggerated.
China is the world’s largest producer of rice and is among the principal sources of wheat, corn (maize), tobacco, soybeans, peanuts (groundnuts), and cotton.
The technological level and quality standards of its industry as a whole are still fairly low, notwithstanding a marked change since 2000, spurred in part by foreign investment.
The market-oriented reforms China has implemented over the past two decades have unleashed individual initiative and entrepreneurship, whilst retaining state domination of the economy.
Globally, foreign investment decreased by almost 40 percent last year amid the financial downturn and is expected to show only marginal growth this year.
“China is now the fifth largest investing nation worldwide, and the largest among the developing nations,” said Shen Danyang, vice-director of the ministry’s press department.
China reiterated the nation’s goals for the next decade – increasing market share of pure-electric and plug-in electric autos, building world-competitive auto makers and parts manufacturers in the energy-efficient auto sector as well as raising fuel-efficiency to world levels.
Although China is still a developing country with a relatively low per capita income, it has experienced tremendous economic growth since the late 1970s.
Even with these improvements, agriculture accounts for only 20% of the nation’s gross national product.
Except for the oasis farming in Xinjiang and Qinghai, some irrigated areas in Inner Mongolia and Gansu, and sheltered valleys in Tibet, agricultural production is restricted to the east.
Hogs and poultry are widely raised in China, furnishing important export staples, such as hog bristles and egg products.
China is one of the world’s major mineral-producing countries.
China is among the world’s four top producers of antimony, magnesium, tin, tungsten, and zinc, and ranks second (after the United States) in the production of salt, sixth in gold, and eighth in lead ore.
The largest completed project, Gezhouba Dam, on the Chang (Yangtze) River, opened in 1981; the Three Gorges Dam, the world’s largest engineering project, on the lower Chang, is scheduled for completion in 2009.
Beginning in the late 1970s, changes in economic policy, including decentralization of control and the creation of special economic zones to attract foreign investment, led to considerable industrial growth, especially in light industries that produce consumer goods.
After the 1960s, the emphasis was on regional self-sufficiency, and many factories sprang up in rural areas.