The two big stories over the weekend involved the NIMBY protest near Shanghai and an insider trading investigation involving the CNOOC-Nexen deal. Lots of news out there in the major papers on each story, but here are a couple links from today to get you started.
Qidong NIMBY protest — This was another success for a local community. The wastewater pipeline project has been shut down, and the city was calm yesterday and today.
New York Times: Taking It to the Street in China — basic news report of what happened in Qidong, why, and the greater context of similar recent events.
Ministry of Tofu: Qidong NIMBY protesters raid government offices, mob and strip mayor of clothes — nice set of links, plus photos, etc.
Wall Street Journal: Qidong Protest Prompts Anti-Japan Sentiment — The project was supposed to transport waste water from a Japanese-owned paper facility, so now unfortunately we’ve got the race element coming to the fore.
Nexen Insider Trading — I’m no expert on this topic, but I sometimes wonder at these “geniuses” who make huge bets based on inside information, buying up shares just days before important deals are announced, and then dumping everything right after. Do they think no one will notice?
Reuters: SEC alleges insider trading ahead of CNOOC-Nexen deal
Finance Asia: CNOOC’s Nexen acquisition marred by insider trading charges
And the rest of today’s flotsam and jetsam:
CNBC: US Agricultural Exports to China Become Costly in Times of Drought — I found this article fascinating. China relies on a lot of farm products from the U.S., which is experiencing a serious drought. Some interesting indirect effects on food prices over here.
China Daily: Education reform would make gaokao only one factor — This story comes up on a regular basis, with folks calling for a de-emphasis of China’s all-important college entrance exam.
Businessweek: China’s Gift to U.S. Homeowners — Rich Chinese going to U.S. to buy a house and get their kid into a good school. I wonder how pissed off they’ll be once they figure out that California and other states stopped adequate funding of public education years ago.
Sydney Morning Herald: Chinese Olympians subjected to routine doping — You can always rely on John Garnaut for excellent China reporting. This brief look back at doping in the PRC Olympic program is no exception.
Bloomberg: China’s Energy Grab Is About Know-How, Not Resources — Something I noted in a CNOOC-Nexen post early last week, if I’m not mistaken. Spot on.
Newsweek: China Grapples With Issues of Race and Ethnicity — Close look at foreigners and race in China, including the recent policy changes and incidents involving expats.
© Stan for China Hearsay, 2012. |
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