Today's Links: Rebuilding Beichuan, fallout from the Baidu ad scandal, and pyjama police in Shanghai
China Chooses New Site for Quake-Leveled Town [IHT]
Beichuan, the town hardest hit by the May 12th earthquake in Sichuan is finally going to get rebuilt. "The new Beichuan will be around 35 km (20 miles) away on the flatter land of Anchang township, with building work on the first phase due to start after the Chinese New Year in February."
"Baidu.com Inc., China's leading search engine, is cutting its projected revenue by up to 15 percent after it dropped some advertisers because of a scandal over unlicensed companies selling medical products."
"I think it (the depreciation of the RMB against the USD) represents a policy shift more than change in the markets. If you look at China's balance of payments, we find no grounds for depreciation - it still has such a big trade surplus and huge foreign exchange reserves."
"Armed police conducted an anti-terror drill at a hotel in Beijing on Saturday to boost its response capabilities against Mumbai-style militant attacks. The scenario was that a group of terrorists rocked the city with a series of explosions and kidnapped hostages at the hotel."
"Recently, there was a pork retail chain store in Guangzhou looking to hire 30 employees to sell pork, and the annual salary would be 80,000 to 100,000 RMB. More than 1,300 graduate students showed up to apply. Those graduate students just graduated from different universities including Hong Kong University of Science and Technology, Sun Yat-Sen University, and South China University of Technology."
"The Rixin neighbourhood committee in the city's north-east has begun a campaign to discourage residents' longstanding habit of wearing pyjamas out of their bedrooms and on the streets...'We're telling people not to wear pyjamas in the street because it looks very uncivilised,' community official Guo Xilin was quoted as saying."
Photo from Sinsong
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