Today's Links: China's role as green energy leader, big militarian, and global street-credder
- Growing Chinese Military Creates Uncertainty: U.S. [Reuters] "The U.S. military needs better dialogue with China to avoid "mistakes and miscalculations" given an unprecedented military expansion stoking uncertainty in the region, top U.S. defense officials said Wednesday."
- Why China Isn't Ready to Lead [The Wall Street Journal] "Chinese decision makers need to realize that global economic leadership does not stem only from a large cash hoard. In the long run, a credible respect for property rights and unbiased contract enforcement will draw a larger share of global investors into the Chinese economic sphere."
- Gang crackdown, lurid mob trials transfix China [Associated Press] "After she refused a corrupt cop's demand that she turn her teahouse into an illegal casino, three thugs beat Chen Yanling with electric batons, sending her to the hospital for nearly a month. Chen is now getting some vicarious revenge, joining the throngs outside a courthouse where modern-day China's biggest, most lurid mob trials are under way. The trials are exposing sordid, deep-seated connections between organized crime and corrupt officials and police in the central mega-city of Chongqing, once known as Chungking."
- China leaving US behind in green energy [Boston Globe] "China is spending $221 billion of its $586 billion 2009 stimulus package on renewable energy and other clean technologies, and is poised to overtake Germany and Japan to become the world’s largest alternative energy producer. Another spur to development is a 2007 policy requiring large utilities to produce 3 percent of their power from renewable sources by 2010 and 8 percent by 2020, excluding hydroelectric (20 percent by 2020 is proposed in the Clean Energy and Security Act)."
- America’s Chinese disease (not quite what you think) [New York Times] "Conversely, by continuing to buy dollars, the Chinese are in effect undermining part of the Fed’s efforts — they’re conducting quantitative diseasing, I guess you could say, hence the title of this post. The point is that right now the United States has nothing to fear from Chinese threats to diversify out of the dollar."
- How I Survived China [The Atlantic] "But like most outsiders who have spent time there, I naturally wondered: now that I’d recovered, would smoky urban China start killing me for real? The health situation for ordinary Chinese people is obviously no joke. After stalling, the Chinese government recently accepted a World Bank estimate that some 750,000 of its people die prematurely each year just from air pollution. Alarming upsurges in birth defects and cancer rates are reported even in the state-controlled press."
Contact the author of this article or email tips@shanghaiist.com with further questions, comments or tips.
personals
Enter our FREE personals site!send a tip
tips@shanghaiist.comabout
advertising / arts/entertainment / calendar / contact / contribute / facebook / food/drink / jobs / mobile / news / other / personals / photos / popular / RSS / staff / twitter / videos write for us / weiboContribute
Latest Tip:
Monday May 14th starts the beginning of Shanghai Beer Week! SHBW features events, beer tastings, bre
[more]
