Category Archives: Business and Finance

CNOOC’s new global headquarters

Posted on 2006-07-18 by Jeremy Goldkorn

CNOOC building’s shape “recalls an oil tankers bow” In the summer of 2005, CNOOC (China National Offshore Oil Company 中国海洋石油总公司) attained global fame after trying to acquire American energy company UNOCAL, an attempt that was blocked after by a China-panicked … Continue reading →

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Churches and the market economy

Posted on 2006-07-16 by Joel Martinsen

A translation of Zhao Xiao’s famous essay, ‘Market Economies with Churches and Market Economies without Churches’, and a critique by CASS academician He Fan.

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ICBC looking for loads and loads of cash

Posted on 2006-07-14 by Jeremy Goldkorn

From the Financial Times: ICBC plans HK and Shanghai listings By Sundeep Tucker in Hong Kong and Geoff Dyer in Shanghai Industrial and Commercial Bank of China is planning an unprecedented simultaneous dual listing in Hong Kong and Shanghai in … Continue reading →

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Beijing taxi strike, and why the city’s cabbies deserve more respect

Posted on 2006-07-01 by Jeremy Goldkorn

Beijing taxi under spring snow – by Snow Kisses Sky March 2006 Sort of a strike The first indication of anything happening was a rumour earlier this week that the government was going to give Beijing cabbies a day off … Continue reading →

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The great African shmoozefest

Posted on 2006-06-23 by Jeremy Goldkorn

Wen Jiabao on a building in Cape Town Chinese Premier Wen Jiabao is in Africa on a seven nation tour, visiting Egypt, Ghana, Congo, Tanzania, Senegal, Angola and South Africa. Xinhua is reporting all the usual sentiments about friendly ties … Continue reading →

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Skirting the law in China’s private enterprise reform

Posted on 2006-05-30 by Joel Martinsen

An essay by Wu Xiaobo (吴晓波), ‘Reform Begins with Transgression’ (改革从违法开始), about how early Chinese private enterprise dealt with a vague legal framework.

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Free trade and new art

Posted on 2006-05-26 by Jeremy Goldkorn

Chengdu artist Wang Guiqian’s self-portrait Two must-read items this Friday: Item 1 is an article by P.J. O’ Rourke, titled: Trading with the Enemy? China wants to sell to us. We should be happy, found via Asiapudit. Here is an … Continue reading →

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Bank of China gets $9.7 billion from the market

Posted on 2006-05-24 by Jeremy Goldkorn

From the Financial Times: Bank of China raises $9.7bn on strong demand Bank of China on Wednesday raised US$9.7bn after it priced its heavily-subscribed initial public offering near the top end of an indicative price range. People close to the … Continue reading →

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Fewer Mainlanders visit Hong Kong during May 1 holiday

Posted on 2006-05-16 by Jeremy Goldkorn

In a recent Danwei TV episode about Mainland tourists in Hong Kong, a photographer with an instant print stall on Kowloon’s waterfront promenade told us that there were fewer Mainland tourists in Hong Kong this year. We were inclined to … Continue reading →

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RMB strengthens: $1 buys 7.99 yuan

Posted on 2006-05-15 by Jeremy Goldkorn

From Xinhua, a very short article reproduced in its entirety here: USD-RMB exchange rate hits record 1:7.9982 BEIJING, May 15 (Xinhua) — The exchange rate of the U.S. dollar against the Chinese currency, yuan, hit a record 1:7.9982 on Monday, … Continue reading →

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