Transcript of remarks as prepared for delivery by U.S. Treasury Secretary Timothy Geithner made at the G20 conference in Nanjing earlier today, via WSJ / China Real Time:

I welcome this seminar on reform of the international monetary system. This is a good time to assess the strengths and limitations of the current system, because the world economy is going through very substantial changes. more ›

"Uncontrolled printing of [U.S.] dollars and rising international prices for commodities are causing an imported inflationary 'shock' for China and are a key factor behind increasing uncertainty" more ›

The G20 summit in Toronto ended on Sunday after tulmultuous negotiations inside, and even more tumultuous stand offs outside. U.S. President Barack Obama challenged China's commitment to "rebalancing the world economy," but ultimately the U.S. was declared a loser in the talks and China a winner. more ›

• In an effort to plug the gaping money hole the Bird’s Nest stadium has turned into after the Olympics, CITIC Investment Holdings has given up its management rights to the Chinese government. We wonder what’ll happen if even the government thinks it’s 200,000RMB a day upkeep is too expensive to handle. [AFP]
• An author details the slight craziness that comes with renovating an apartment in China (Dalian for him). After the carpentry and wiring were done and the workers paid, the extortion letters came. And after those threats were paid off too, what did they happen to find but another letter - this one a thank you note. [New York Times]
• In case you want a long, but incredibly thorough, write up of what’s been happening in the massive Chongqing Corruption trials, here’s one from China Brief about how the whole matter exposes “grave woes in China’s legal apparatus.” [China Brief]

• Child sex scandal involves teachers, officials [Shanghai Daily] "Eight people, including six government officials and teachers, will go on trial for their involvement in a child prostitution scandal affecting a dozen primary and middle school students in southwest China. The Guizhou police launched an investigation after receiving a complaint on August 15 last year from a mother who said her 13-year-old daughter, Li Yu, had been raped after being duped by a classmate, Wang Qing, in Xishui County. The investigation then uncovered a conspiracy which saw girl students being forced into prostitution."
• Mainland tourist apologizes for graffiti in Taiwan under public pressure [Xinhua] "A Chinese mainland tourist who has been lambasted on the Internet for carving his name on a rock face in a Taiwan scenic area apologized to the public on Thursday for his misbehavior. Zhao Genda, a 63-year-old pensioner from Changzhou City, Jiangsu Province, gained instant notoriety after Taiwan TV reported that he carved his name and that of his hometown on the rock face at Taipei Yeliu Geopark on Friday."
• Can China be green by 2020? [BBC] "China's unprecedented economic growth over the past 30 years has come at a huge cost to the environment. The damage has not only been to the air the Chinese breath or the water in their rivers, but also to its reputation across the world. But there are signs that China may now be serious about tackling pollution to prove to the world that it can develop while causing less damage to the environment."