Don't Watch This: Confucius
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- Top officials are now considering a bailout plan worth RMB800 billion ($116 billion USD) to buy up top Chinese stocks if the Shanghai index falls below 1,500 points. The index closed at 1,859 points yesterday, but has been falling steadily since the beginning of 2008. Diligence China gives us a look at what the country's economy could look like in 18 months.
- Following yesterday's announcement that Beijing will get a boatload of new money to develop its traffic infrastructure, Chinese officials unveiled a new plan to spend RMB5 trillion over the next two years on new roads, rail and airports. Nearly half this money (RMB2.37 trillion) will be spent in Guangdong province.
- Will democracy work in China? Students at the Sun Yat-Sen University in Guangdong give it a try in their student president elections. Ironically, three of the four candidates are Communist Party members.
- A 5.4 magnitude aftershock hits Qinghai two days after the initial quake. No casualties reported.
- One city's solution to their supply of tainted milk? Turn it all into bricks.
- Dalai Lama still wants to talk, while Chinese officials are caught talking about "post-Dalai Lama era."
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no "irony" here.
Like it or not,if you want to push democracy forward in China,you just can't ignore the Communist Party.That's too naive and suggests you don't really know about China.
---shanghai index is 1927 today with a 5 days rally and a 16% gain from bottom. its an encouraging sign. in last 20 years, china expereinced 3 crisis. it overcame each time which prove the system works better than paper tiger usa.
---what's irony, while a free election were held in china, ccp would win landslide?
---as to dalai: he should try by all means to help rescue the financial crisis with his stolen fortune from potala, so that west would not re-write tibeten history as miliband did:
http://online.wsj.com/article/SB122549900302589905.html?mod=googlenews_wsj
helps are offered even by china, a country so poor that the only thing it has is cash.
@ leastman
Shanghai's index is already being by Beijing injections of cash to large insurance companies. And there also a few hopeful bargain hunters. You are actually measuring a one week rally vs. a 12 month dive?
And China still has not recovered from those crises, have any discussions about sicks for in a public square recently? On any BBS's?
And of course the CCP would win in a landslide, it already negates village elections when a CCP candidate does not win.
The commie pigs are more worried than confident about the post-Dalai Lama period because his words are the lid on the proverbial kettle.
to nanheyangrouchuan boy,
fraud in few villages of 300,000 are no big deal. ccp would sure win, no matter you liked n believed it or not, especially when ccp would not choose a vice-pres hopeful who is so smart as you to call africa as a country and still insist on running again in 2012, for the world leader? haha
meanwhile you can forget your shot calling status of usa. who give a dmn to an uncle sam with empty wallet? a leader with power but without followers is called bully. I guess obama knows it better.
illiot from time mag can re-educate you n make you smarter about yourself n world:
http://www.time.com/time/nation/article/0,8599,1853249,00.html
"fraud in few villages of 300,000 are no big deal."
See, here's the problem. 300,000 people is not a village.
And really- the nosedive the Shanghai stock market took will not be made up for with such a small increase. Too much money lost, too many disillusioned investors and traders. It'll be ages before it gets back to normal.
China should help small investors directly, not prop up the markets. Look at Russia, spending everything they have to save their banks and currency and it may not be enough. Of course, China could become the biggest shareholder in China meaning that communists would own capitalists to maintain stability in a communist society that's paving the way towards greater capitalism. My head is spinning...