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- China and Argentina in currency swap [FT.com] "China, which is pushing to end the dominance of the dollar as a worldwide reserve, has agreed a Rmb70bn ($10.24bn, £7.18bn, €7.76bn) currency swap with Argentina that will allow it to receive renminbi instead of dollars for its exports to the Latin American country. Xinhua, the official Chinese news agency, said the deal was signed on Sunday by Zhou Xiaochuan, governor of the People’s Bank of China, and Martín Redrado, Argentine central bank president, in Medellín, Colombia, where they are attending a meeting of the Inter-American Development Bank."
- Nanotechnology: Tom Mackenzie on China's giant step into nanotech [The Guardian] "Nanotechnology is big business conducted on an atomic scale. China is a major player, using it for a speaker just 1mm thick - or super-strong armour."
- China's Far Too Rosy Self Image [Pomfret's China] "A new poll by researchers at the University of Maryland and Globescan sums it up in the starkest terms. A whopping 92 percent of Chinese surveyed believe that China has a mainly positive influence on the world; whereas a mere 39 percent of people polled in 20 other major countries agree. This is the largest perception gap among the countries' polled. (And it's getting worse. Views about China have declined markedly over the last year.)"
- Translation: English Teacher Scandal [ChinaGeeks] "A young American man teaching at a Zhuhai English academy who dated and had sex with a college student [at that school] was not willing to be snubbed and sought to use nude pictures he had taken of her to extort 100,000 RMB. Yesterday a Zhuhai Intermediate People’s Court passed judged that Scott’s [the American] behavior constituted blackmail and he is expected to serve a three-year prison sentence. After his sentence is served he will be deported from China."
- Clinique, Sony Star in Web Sitcom [WSJ.com] "Reaching China's young people, who tend to avoid the country's staid TV programming, is a challenge for many marketers. For Estée Lauder and Sony, the answer was to help produce a digital sitcom. The 40-episode series, called "Sufei's Diary," weaves product placements for Estée Lauder's Clinique brand cosmetics and other products into plotlines about a college student in Shanghai named Sufei. The online series has been a hit in China, home to the world's largest population of Internet users and one of the fastest-growing markets for Web ads."
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It's pity that a few bad apples are ruining the whole basket. We had some “English Teachers” involved with the activities of hidden political agenda from foreign government, now we have one with the exposed case of sex scandal. You have to ask what could be the next?! We certainly hope it won't be the crime of murder.
A young American man, who doesn't speak the languages (neither Putonghua nor local Uyghur) and knows little about the culture (neither Han majority nor Uyghur minority), couldn't explain why his income as an Englsih teacher in Xinjinag couldn't match his living and traveling expanses. He has a blog to show off his great compassion toward Chinese minorities in the far northwest but he has little compassion toward his own fellow minorities back home because he deleted every comments that expose the ethnic conflicts between American whites, blacks, native Indians, Hispanic, Hawaiians,… He jumps at every opportunity to instigate the hatred among different ethnic groups and the rumors he created have been "faithfully" picked up by the Voice of Free Asia - a well known American government propaganda machine in Central Asia. He certainly needs more efforts to get the sympathy if he somehow manage to get kicked out from this country one day.
For this English teacher with sex scandal, all we could ask him is to leave this country that we still have the intention to stay on.
China did 2 month ago the currency swaps of RMB 20bln respectively with Malysia and Belorussia, since the end of the dominance of the dollar as a worldwide reserve is only matter of time.
america is just like a swindler and rascal in a marketplace who forces everybody to accept a IOU as his payment. when he becomes bankrupted, he'll tell you a "we-are-on-the-same-boat" joke.
he should be grateful to be granted a trouble free long-dreamt three-year visa.
Get real sucker. These countries voluntarily chose USD as the reserve currency.
CCYY son,
you are too illogical to understand what I was driving at and too idiotic to realize your rogue swindling empire is goinbg down down.