Hong Kong has officially entitled itself as most developed financial market in the world after it jumped from fourth position to first on the World Economic Forum index of financial market development. Beating out the established UK and US leaders, it has become the first Asian financial center ever to top the index. more ›

A new report from the Economic Policy Institute calculates that America has lost 2.8 million jobs to China in the past decade, with 70 percent coming from manufacturing. 24/7 Wall St. has listed the top ten states that have lost the most jobs due to the shifting rules of global commerce since China joined the World Trade Organization in 2001. more ›

Huh! A Chinese owned company has set up a factory in America? What is with this crazy role reversal I hear you ask? According to Fortune Magazine, it has started to become cheaper for some Chinese companies to set up large plants in America than it is for them to set the same sized plant up in Shanghai. American Yuncheng Gravure Cylinder plant, Chinese owned, bought the land in Spartanburg, USA for $350,000, one fourth of the cost for the same sized property back in Shanghai or Dongguan, where the company already has factories. As the yuan continues to rise in the days ahead, we're sure this will not be the last we hear of Chinese companies saving money in this way. more ›

This is an advertisement. The USA Pavilion at the Shanghai World Expo 2010 is now recruiting! We are offering an exciting number of positions across a variety of teams. Please visit our website at usapavilion2010.com/jobs for the opportunity to be a part of the world’s biggest-ever event! More job ads. Place a job ad. more ›

News on the USA pavilion has been somewhat scarce - at least on this site - since it quit being a joke and turned into something real. But now, as we count down the last 250 days to the Expo, it's somehow made its way back on our radar. more ›

The battle to bring the U.S. pavilion to the World Expo in Shanghai seems to just get more complicated as the days count down. According to China Daily, a Chinese-American oil industry executive called James I.C. Chiang is now planning his own vision of what the pavilion should look like: more ›

Pickpocketing, an issue in any major city, seems to become a developing problem for Shanghai citizens in recent months - and we're not just talking from personal experience (though, sadly, some of us have become recent victims). more ›

• Boy Killed Anally When Office Chair Explodes [Gizmodo] "Well, stories don't get much worse than this. A 14-year-old boy in China was killed when his chair exploded, sending chunks of metal into his rectum. The bleeding this caused killed him."
• Is anything made in the U.S.A. anymore? You'd be surprised [International Herald Tribune] "The United States remains by far the world's leading manufacturer by value of goods produced. It hit a record $1.6 trillion in 2007 - nearly double the $811 billion of 1987. For every $1 of value produced in China factories, the United States generates $2.50. So what is made in the U.S.A. these days?"
• More than 20 dead in N China coal mine accident [Xinhua] "The accident occurred at about 2: 00 a.m. Sunday at the Tunlan Coal Mine of Shanxi Coking Coal Group in Gujiao City near Taiyuan, the provincial capital, when 436 miners were working underground."

We’re hunting for a Project Champion, an American corporate executive most likely, to get us started (i.e., $250,000 to organize, plan, and create enough documentation to pursue serious funding). Although an old law prohibits government funding, we have good connections in the new one and that could change. Unfortunately, they aren’t in charge until February, two months into the one year left for us to do anything of quality. more ›

The Bahamas. Again. One medal for every 153,725 Bahamians. They were followed by Jamaica, Iceland, Slovenia, Australia, New Zealand, Norway, Cuba, Armenia and Belarus. Of the 87 nations that won medals, China ranked No. 68. The United States was No. 46. India brought up the rear. This is all good info to have the next time you tire of your friends arguing over who really "won" the Olympics. [Source] more ›

Chuck Culpepper of the Los Angeles Times has been tracking this and as of his latest posting yesterday, the Beijing Olympics "MPC" leaders are — you guessed it — Armenia. Australia is No. 2. USA? 30th. China? 40th. (We have a feeling the Aussies might climb back to No. 1 after their efforts in the pool this morning.) Australia is not the two-time defending MPC champs, however. That honor goes to the Bahamas, which has the population of a Shanghai city block. They were tops in Sydney and in Athens. more ›

Nationalistic optimism hits its worldwide high in China, a new survey by PEW Global Attitudes Project has found. Eighty-six percent reported being happy with their county’s direction, with 82 percent positive about the national economy. These numbers have risen startlingly in the past six years, growing 38 and 30 percentage points respectively during an era when many nations, including the United States, have seen severe declines. more ›

That's right, expert auditors sports prognosticators PricewaterhouseCoopers have already determined China will out-medal the United States, 88 to 87. Says, the AP, "The report lists significant factors behind a country's performance at the Olympics since 1988, including population, average income level and being the host nation." We're still rooting for September. more ›

Touring season has official started for Chinese bands and this weekend Shanghai is bursting with shows worth checking out. Tonight the action starts early with three Xian bands playing at Yuyintang. Both Hush and 24hour Party People have played in Shanghai before and put on solid shows. This time they are joined by punk band Sucker. If you miss tonight's earlier show, you don't have to feel like a total bum, all 3 bands will be playing the STD party later that night at Atanus (if the weather holds out this should be a wicked party), and at Live Bar on Saturday, giving you two shots at redemption. Also on Saturday, Hedgehog, those infectious pop rockers from Beijing are back in town taking the stage at Yuyintang. Having recently taken off on their first China tour, Hedgehog is preparing for an upcoming tour of the USA in April. more ›

``The Chinese side is willing to keep contact with the U.S. in all areas,'' Chinese Foreign Minister Yang Jiechi said today at the end of a Beijing press conference with U.S. Secretary of State Condoleezza Rice, neither elaborating nor giving her the chance to respond. ``We're ready to resume the dialogue.''

Earlier this week the heat in our bedroom pooped out. The weather on Friday hit a promising 18 degrees and we thought our prayers had been answered, but no such luck. Xinhua has put much of China back on a code red weather alert and it looks like we're head right back to highs in the single digits.

Anhui and Jiangsu in east China, Hubei and Henan in central China and Shanxi and Shaanxi in mid-west China will experience snow or sleet, while blizzards could hit the northwest part of Hubei, said the NMC. more ›

Have you got an opinion? Starting this week, we will publish an opinion piece from readers on selected weekends, so if you feel like you've got something to get off your chest, email it to us at info AT shanghaiist DOT com and if we like it, we will publish it under this column. This week, a reader takes on That's Shanghai's Erik Peterson's review of Beijing punk band Snapline's new CD. All views expressed by writers under this column are their own and do not indicate any official position taken by Shanghaiist. more ›

In a surprise move that if enforced will lead to an undoubtedly cleaner Shanghai and China in general. The powers that be have decided that as of June 1st those ultra thin plastic bags (.025mm) that accompany virtually every purchase in China will be banned. The regular thickness plastic bags will still be allowed, but grocery stores and other vendors will be forced to charge for those bags and prices will need to be clearly marked. more ›

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According to a blog essay we found, a recent poll by Harris Interactive showed that of 6,000 people from France, Germany, Italy, the UK, and the US, the overwhelming majority considered China the second most powerful nation in the world after the USA. We did some searching on the internet, and couldn't find mention of that report. We tried on Harris Interactive's site as well, but no dice. Perhaps we haven't looked hard enough? Or... more ›

Don't put on your party hats; no, leave those stupid little things at home. This is the weekend is all about Halloween and ghoulish costumes. Kicking things off tonight is the STD (great inspiration when designing your costumes) Halloween bash. Locals Banana Monkey and the Drop Kicks will be joined by Xian based 24-hour Party People... the icing on the cake being Misfits cover band, Horror Business. Nothing goes better with ghouls'n'ghosts than a little Misfits music. If you aren't into Halloween but still want the live music then check out didgeridoo master Phil Conyngham bringing his talent to the crowds (hopefully) at Live Bar. SKO, new school punkers from Beijing will be playing over at Yuyintang. more ›

Who is Yacht ? more ›

Comments below don’t necessarily represent the Shanghaiist’s point of view or opinion regarding the Canadian government (we don't want them to hold a grudge and kick us out of Canada too!)… we just received it recently from the Busdriver promoter and thought it was kind of funny… shows are still on in Beijing and Shanghai…..and we are as giddy as a school boy in the girls locker room to see Busdriver play live! more ›

The latest issue of TIME Magazine has an interesting story of a US-based company that has just set up shop in where else but Inner Mongolia, to feed the millions of hungry Chinese who are now looking to eat something other than pork: more ›

As Malaysia celebrates its 50th birthday, the unity of the nation has shown cracks along racial and religious divides. Meanwhile, former premier Mahathir Mohammed is recovering after heart surgery more ›

During her speech at a conference on quality and safety issues held on Thursday, Chinese Vice Premier Wu Yi described a new four-month nationwide campaign to improve the quality of goods and food safety as a "special battle" to ensure the people's health and interests and maintain a good image of Chinese products. more ›

Shanghaiist is going to give Senator Clinton the benefit of the doubt -- that she actually knows better but is just being the politician that everybody expects her to be. But the following infuriatingly pandering comment puts Senator Clinton right up there with the lovely Senator Schumer on this Shanghaiist's "too-political-for-America's-own-good" list:

"We have to have tougher standards on what they import into this country," she said. I don't want to eat bad food from China or have my children having toys that are going to get them sick," said Clinton.

Jakob Montrasio points us to a most unbelievable ranking of the world's top 25 cities with skyscrapers published by the German magazine Spiegel: more ›

Back in the late 1980s, we were of the opinion that the Oaktown (Oakland, California, USA) was a fetid, hopeless, de-industrialized, white-flight created shit-hole, but all of that was changed sometime around 1990 with the arrival of Oakland native MC Hammer onto the music scene. If America had gorged itself during a whole decade on the fashion excesses of pop stars, Hammer was like the long belch after the meal, but even if we had to squint and shield our eyes whenever MC Hammer was on MTV, before long, sparkle shirts, parachute pants, baggy suits, and spandex shorts with suspenders—standard issue Hammer wear—became firmly etched in American pop culture history, and in retrospect, we can say we are the better for it. more ›

Whenever there is a crisis or a natural calamity, there are the people who lose money and then there are the entrepreneurs. It seems enterprising businessmen have decided to cash in on an outbreak of rodents in the Dongting Lake area in Hunan province which saw an estimated 2 billion mice on the run from the flooded Yangtse River by taking the matter into their own hands - literally. more ›