Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Monday, January 7, 2013

Censorship Protest Gains Support in China - WSJ.com

Censorship Protest Gains Support in China - WSJ.com: "BEIJING—Protests by journalists over alleged heavy-handed censorship at one of China's most daring newspapers have garnered high-profile support in the media and blogosphere, with prominent academics, bloggers and even movie stars joining in.

The outburst has been fueled in part by expectations of change under new Communist Party General Secretary Xi Jinping, who has stirred up hopes since taking office in November with optimistic comments about the "great rejuvenation of the Chinese nation.""

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Friday, January 4, 2013

Iran says talks with big powers to be held in January | Reuters

Iran says talks with big powers to be held in January | Reuters: " Iran has agreed to hold talks with six major powers about its atomic program in January but the date and venue has yet to be decided, the country's top nuclear negotiator said on Friday.

The six powers want to rein in Iran's uranium enrichment program to ensure it is geared only for civilian energy, through a mix of diplomacy and sanctions. Iran denies Western assertions it is seeking nuclear weapons capability.

"We have accepted that these talks should be held in January, but until now, the details have not been finalized," Jalili said through a translator during a trip to India.

The six powers - the United States, Russia, France, Britain, Germany and China - have failed to achieve a breakthrough in three rounds of talks since April. But neither side has been willing to break off totally, partly because of concern this could lead to war if Israel attacked its arch-foe.

The powers last met Iran for talks in Moscow. That meeting was followed by low-level technical talks in Istanbul."

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Wednesday, January 2, 2013

Decent Economic Data Crushing China Short Sellers - Forbes

Decent Economic Data Crushing China Short Sellers - Forbes: "China’s Purchasing Managers Index remained unchanged in December, which isn’t exactly a cause for wild celebration. December PMI held steady at 50.6.  Expectations were for PMI to come in over 51.  But, not too long ago, as in mid-summer here in the U.S., word on the street was that China was basically the next Europe. Banks were a disaster, the housing bubble is out of control and the domestic economy will never make up for losses in the export markets.

Yet, China is a different place. This is a command and control economy. Economic problems often get swept under the rug. Unpayable debt gets forgiven, or extended to infinity.

And while the government is indeed clamping down on the housing market still, the manufacturing economy is holding steady."

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