The government in Xinjiang has been caught off guard by the anger it faces from its own people.
For decades its rulers brought in millions of people from China’s Han ethnic majority to colonise the ethnically diverse region in the country’s far west. They kept a wary eye on the Uighurs, the biggest local ethnic group, as the main security risk.
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Tag Archives: China
Xinjiang ethnic groups united in hostility
Chinese wealth fund eyes Areva investment
China could soon make its presence felt in the French power sector as its sovereign wealth fund said it had studied investments in both Areva, the state-owned nuclear group, and its energy equipment division.
The China Investment Corporation has paid a visit to Areva executives in recent weeks to seek out information on “the business and its performance”, according to one person close to the company.
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China’s long march to stock exchange stability
There is a rich vein to mine when searching for patterns and precedents that might help explain gyrations in western markets. Those searching for plausible parallels for this year’s bounce have travelled back as far as the Panic of 1907.
History, alas, is not much help when it comes to making sense of market movements in one of the world’s most ancient civilisations. China’s stock exchange – launched by communist rulers as a grudging experiment in the early 1990s – is a mere teenager, and often acts like one. It is a confused creature, prone to hormonal highs and lows, and occasionally frustrated by parental (read government) supervision that is too permissive one month, too strict the next.
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CHINA STIMULUS RISKS DAMAGING DEVELOPMENT
China’s much-vaunted stimulus package has exacerbated structural imbalances in the economy and may delay the country’s transition to a more sustainable growth model, according to some leading economists.
Most analysts regard the Rmb4,000bn ($585bn, €410bn, £355bn) plan, unveiled in November, as an appropriate response to the crisis and say it pulled the economy out of what could have been a much deeper slump.
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China acts to reduce health bills
China has moved to control healthcare costs from Beijing for its citizens, setting plans to purchase and distribute hundreds of essential medicines that are now mostly sold at huge mark-up prices through hospital pharmacies.
The measures are part of an Rmb850bn ($124bn, €88bn, £75bn) overhaul of the country’s ailing health system, aimed at securing basic medical services for every citizen and increasing efficiency and transparency in drug use.
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Architects win Chinese banking projects
RMJM, one of the world’s biggest architectural practices, has won a slew of design commissions from state-owned Chinese banks.
Eighteen months ago the UK-based group won the contract to design a 200-metre high headquarters for China Merchants Bank on Shanghai’s Bund, which is under construction.
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Chinese activist arrested for tax evasion
Xu Zhiyong, a Chinese legal scholar and aid campaigner, has been formally arrested on tax evasion charges, in the latest step in Beijing’s crackdown on legal activists.
Beijing University of Posts and Telecommunications, where Mr Xu teaches law, was notified of his official arrest, said Zhou Ze, Mr Xu’s lawyer. “This letter was received,” said a colleague of Mr Xu’s who asked not to be identified.
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Developed markets feel the impact of China tremors
When the US sneezes, the rest of the world catches a cold – or so the old saying goes.
But in recent days it has been the sickly Chinese stock market that has been blamed for infecting markets in other parts of the world.
Take yesterday – the Shanghai Composite index fell 4.3 per cent. Other Asian markets dropped sharply and bourses in Europe initially followed suit before recovering later.
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Stocks Fall as China Slumps; Commodities Drop, Yen, Bonds Rise
China’s stocks dropped, briefly dragging the benchmark index into a so-called bear market and triggering declines in equities and commodities worldwide. The yen and Treasuries rose as investors sought less risky assets.
The MSCI World Index of 23 developed nations sank 0.3 percent at 12:45 p.m. in London and futures on the Standard & Poor’s 500 Index slid 0.8 percent. China’s Shanghai Composite Index slumped as much as 5.1 percent, extending its drop from a 2009 high to more than 20 percent, the common definition of a bear market. Copper fell 2.1 percent. The yen strengthened against all 16 of the most-traded currencies tracked by Bloomberg and the pound weakened. The 10-year Treasury yield dropped to its lowest level since July 14.
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