Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Photo Traditional neon signs in Hong Kong, like the one shown here, have been eclipsed by ones made with LEDs. Credit Lam Yik Fei for The New York Times HONG KONG — For nearly four decades, a giant neon cow suspended above a steakhouse in Hong Kong’s Western District was a neighborhood landmark. It was…
This week, China’s ruling Communist Party invited more than 80 political figures and academics from around the world to Beijing to attend a meeting called The Party and World Dialogue 2015. Addressing the theme of “disciplining the party,” Chinese officials consulted foreign experts on combatting corruption—an uphill battle for President Xi Jinping since he took…
China’s stock markets continued a seemingly uncontrolled drop on Monday, pulling everything from Asia stock exchanges to commodities down further with them. Despite a huge amount of government stimulus, investors have lost faith in China’s stocks and are now focused on an impossible to answer question: how bad will China’s economic slowdown be? The Shanghai…
Because they cannot motivate themselves? Who knows! But according to Trending in China (via Tech in Asia), “programming cheerleaders” apparently exist. Here’s Trending in China explaining what’s going on: Internet companies across China are embracing programming cheerleaders, pretty, talented girls that help create a fun work environment. Their job includes buying programmers breakfast, chitchatting and…
Post Author Credit By Staff The Associated Press WATCH ABOVE: Police raid Uber’s Hong Kong offices HONG KONG – Hong Kong police arrested five Uber drivers and searched the ride-hailing app’s office in the Asian financial centre. Police said Tuesday that officers posing as customers arrested the five drivers in an operation aimed at combating…
Two more Uber drivers were arrested yesterday, just hours after Hong Kong’s police chief warned of a further crackdown on the car-hailing service, following the arrests of five drivers and three company staff on Tuesday. As the battle for control of the city’s roads plays out, it emerged the police joined a meeting during which…
Massive explosions have hit China’s northern port city of Tianjin, reportedly injuring many people. According to Chinese state media, the blasts occurred when a shipment of explosives blew up at about 23:30 (16:30 GMT). Pictures and video shared on social media showed flames lighting up the sky and damage to nearby buildings. Latest reports in…
In China, the invisible hand of the market sometimes needs help from the iron fist of the state. That’s certainly true after a meltdown vaporized $3.5 trillion in the value of shares traded on the Shanghai and Shenzhen exchanges. President Xi Jinping’s government isn’t being subtle in its campaign to reflate the bubble it had a big…
The turmoil in China’s stock market is so bad that some companies are calling it quits. Over 700 Chinese companies have halted trading to “self preserve,” according to the state media. That means about a quarter of the companies listed on China’s two big exchanges — the Shanghai and Shenzhen — are no longer trading….
Since China’s stock markets slid by about 30% from their peak in mid-June, the government and financial firms have rushed to come up with measures to turn things around. Their efforts appeared to work today (July 6), with the key Shanghai Composite Index closing up 2.4%. Here’s a complete list of the stimulus attempts that…