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- China Eastern, Shanghai Airlines say not in merger talks [AFP]
"China Eastern Airlines and smaller rival Shanghai Airlines said Wednesday they were not in talks on a possible merger, responding to reports that the two might join forces." - China inflation drops as trade surplus hits record high [AFP]
"The figures have pushed the case for Beijing to boost growth, economists said, following months of efforts by policymakers to slow down the world's fourth largest economy and rein in inflation." - China landslide kills 128, hopes fade for missing [AP]
"At least 128 people were killed and many more were feared dead in north China after a huge reservoir of iron ore waste, illegally maintained and turned to sludge by heavy rain, buried a bustling marketplace in tons of suffocating mud."
China's netizens menace Vietnam [The Australian]
"The Rudd Government's warnings of substantial regional arms build-ups have been thrown into sharp relief by Chinese "netizens" warning that Vietnam risks invasion if it continues with its moves to explore the South China Sea for valuable oil and gas."- China mulls whether to go for gold with media openness [Sydney Morning Herald]
"WITH the Olympic spotlight on China fading, speculation is increasing about whether the loosening of controls on foreign journalists introduced before the Olympics will expire next month or be made permanent as a legacy of the Beijing Games's promise of greater media freedom." - China reports 1,023 death of infectious diseases in August [Xinhua]
"The Chinese Ministry of Health Wednesday reported 1,023 death of infectious diseases nationwide last month but no serious outbreak in areas hit by the May 12 earthquake. " - Coca-Cola bid for Huiyuan to test China antitrust law [Reuters]
"Coca-Cola Co plans to seek approval under China's antitrust law for its $2.5 billion bid for top domestic juice maker Huiyuan, the final obstacle to what would be the largest foreign takeover of a local firm."
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The only "open media" in China are the emails, faxes and phone-calls of the foreign journalists.
There's a case to be made for China to crank up and grow more. In a dank global economy, China has been a reserve of steady growth. My fear is that overly zealous local officials will compete for investment with more and larger silly projects that will eventually saddle their citizens with a lot of debt. Good growth, perhaps a lot of green initiatives so China can wean itself off of oil would be the best move.
The economic detachment of China from the rest of the world is a total myth, which has been busted before.
China is totally linked to the economies of Japan, USA and the E.U.
The Chinese have followed the Japanese concept of "A Nation built on Exports", but, different from Japan, the foreign participation here is very big.
If we want to believe the often rigged statistics (a common feature of real existing socialism) here, 60% of Chinese exports are made by local branches of multinational companies, whose core business rests in the aforementioned economies.
This being so, China will go down with the rest of the world, no detachment, no safe haven.