Results tagged “ontuesday”

Question: “Who are three people who’ve never been in my kitchen?” Or lately: "Name three people hating on the once mighty US dollar." On Tuesday, Cheng Siwei, the vice chairman of China’s National People’s Congress suggested that China’s foreign exchange regulators ought to consider shifting the country’s massive USD $1.4 trillion reserve into “stronger” currencies. The greenback has been on a downward spiral since 2003. Little did Cheng know that his remarks would trigger a...

China Construction Bank’s A share began trading yesterday. The ￥6.45 IPO closed at ￥8.53 , a whopping 32 percent gain, eye popping in any Western markets, but here in China, a big yawn. Two other smaller companies went public on the same day, both advanced 200 percent plus, cha-ching! CCB was the largest China IPO to date(￥58 billion), but that title will soon belong to Shenhua Energy, the nation’s largest coal miner. The offering attracted a record ￥2.6 trillion(USD $355 billion) of funds looking to buy shares. The actual amount raised, based on projected ￥37/share and 1.8 billion shares offered would fall somewhere in the neighborhood of ￥66.6 billion, still a lot of zeros.

Didn’t take long for our first new year wish to get squashed. On Tuesday, United Airlines won preliminary approval from the US Department of Transportation to operate a daily non-stop flight between Washington, D.C. and Beijing starting this March, beating out proposals from fellow carriers Northwest (Detroit to Shanghai), American (Dallas to Beijing) and our favorite, Continental (Newark to Shanghai).

think. It just made us wonder: if it were up to the -ist-a-verse, what would we be voting for?

When we first heard stories of people burning paper condoms at funerals for their dead relatives, we were a little creeped out. OK, maybe more than a little. But, just when things couldn’t seem to get any weirder, they did. Burning paper condoms? Fuggedaboutit! How about some hot, live striptease action at the service? Cyndi, Bambi and Randi (or whatever their Chinese equivalents are) gyrating their young, supple flesh over grandpa Zhang’s cold, dead body. What a great sendoff -- just as grandpa had always wanted. As usual, Shanghai Daily has the skinny:

China may have found the oft-discussed "next Yao Ming." Of course he is only 13 years old, so we'll have to wait a while to find out. But according to the Wenhui Daily, Tian Yuchen is already 205 cm tall -- that's almost 6-foot-9. When Yao Ming was 13, he was "only" 197 cm. Tian is from Changchun in Jilin province and he's already a member of the Shanghai Sharks youth team, the same place Yao got his start. The paper said Tian is considered the "secret weapon" for the Sharks' much-needed CBA turnaround (they are currently 3-5 and dead last in the CBA South Division standings). Tian is actually being trained to play as a guard and he's already signed an endorsement deal with athletic apparel brand Li Ning.