China

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Hong Kong Reports Bird Flu Outbreak

(Newser) - Three dead chickens tested positive for bird flu in Hong Kong, prompting the city to suspend poultry imports for 21 days and begin slaughtering tens of thousands of birds, an official said today. "We feel that Hong Kong is facing a new alert for bird flu," said the...

Recession Has US Recycling Industry in Dumpster

Scrap fetching a fraction of the price it used to—if it's not cheaper to send it to landfills

(Newser) - With the economy tanking, recyclable material is selling like, well, trash. Mixed paper, which sold for $105 per ton as recently as October, now fetches $20-$25, the New York Times reports. “It’s awful,” said one recycling rep, who says her yard is packed with refuse that can’...

China Warns of Sanctions for Sarkozy-Dalai Lama Meeting

Dalai Lama criticism of China's lack of 'moral authority' sparks Beijing fury

(Newser) - China is making noises about possible trade sanctions against France to protest President Nicolas Sarkozy's plans to meet tomorrow with the Dalai Lama in Poland, reports the Times of London. Such a meeting threatens the "long-term development of ties" with France, warned a Chinese official. China has already pulled...

Quake-Bereft Chinese Sow New Baby Boom

Parents who lost state-mandated only child rush to conceive again

(Newser) - Some parents who lost their state-mandated only child in China’s May earthquake—which crushed at least 19,000 students under shoddy school buildings—are rushing to conceive again, the Wall Street Journal reports. The Chinese government announced an exemption from its one-child policy for such victims, and more than...

Scientists Sniff Out Ancient Stash of Pot

2 lbs. of green plant material found in 2700 year-old grave

(Newser) - Scientists excavating a grave in China’s Gobi desert have found what they believe is the world’s oldest marijuana stash, reports Discovery News. Two pounds of still-green plant material were found in a 2,700-year-old grave belonging to a Caucasian man researchers believe may have been a shaman.

Nader: Obama Should Pitch a Worldwide Carbon Tax

Because China won't agree to a cap-and-trade

(Newser) - The cap-and-trade system Barack Obama favors to deal with climate change won’t work, Ralph Nader and Toby Heaps write in the Wall Street Journal, and it’ll lead to “trade anarchy.” Any unilateral action we take must be global; otherwise, companies will simply relocate, taking jobs and...

Dow Off 679 on Dour Data
 Dow Off 679 on Dour Data 
MARKETS
Dec 1, 2008 3:20 PM CST

Dow Off 679 on Dour Data

Global manufacturing indexes report contraction

(Newser) - The stock market tumbled today amid dismal global economic data, MarketWatch reports, including a report by a group of economists that, by their measure, the US economy has been in recession since December 2007. The Dow fell 679.95 to close at 8,149.09. The Nasdaq dropped 137.50,...

Finish My Fight With Big 3: Gore to Obama

We need urgent action, Gore warns

(Newser) - Al Gore doesn't want a White House job, but he does have advice for Barack Obama: Use the bailout plan to transform the Big Three automakers. As vice-president, Gore rolled out a billion-dollar program to pay for fuel-efficient Detroit vehicles—"but as soon as they felt they were...

China Scraps Summit Over EU Meetings With Dalai Lama

Relations between Brussels and Beijing hit a new low

(Newser) - The Chinese government canceled a summit with leaders of the EU in response to the plans of several European countries to host the Dalai Lama next month, the Financial Times reports. The summit was to address the global financial crisis, and an EU statement expressed regret that China pulled out....

China's Richest Man Vanishes Amid Probe

Tycoon was said to be under investigation for insider trading

(Newser) - China's biggest electronics retailer is trying to find out what happened to its founder, Marketwatch reports. Huang Guangyu, ranked the richest man in China in a recent report, has been not been seen since last week. The tycoon was being investigated for insider trading, but company representatives said government officials...

China's Heavy Industries Steel for Crash

Global downturn freezes country's industrial transformation

(Newser) - The global slowdown is rapidly shutting down China's heavy industries, the New York Times reports. Just months after the government warned that the red-hot economy could lead to runaway inflation, the nation's steel, cement and construction industries now find themselves with a huge excess of capacity—and workers. Growth is...

Melamine Traces Found in US Infant Formula

Feds say there's no health risk to babies

(Newser) - Traces of the industrial chemical melamine have been detected in samples of top-selling US infant formula, but federal regulators insist the products are safe. A top official said the levels detected are so low that it would be a "dangerous overreaction" for parents to stop using formula. An outbreak...

As Crisis Bites, UK Changes Stance on Tibet
As Crisis Bites, UK Changes Stance on Tibet
OPINION
Nov 25, 2008 8:25 AM CST

As Crisis Bites, UK Changes Stance on Tibet

After a century of hedging, Britain says region is part of China

(Newser) - Last month Gordon Brown called on China to pump more money into the International Monetary Fund, whose coffers are nearly bare as more nations succumb to the global financial crisis. Only a few days later, writes Robert Barnett in the New York Times, the British government quietly announced a change...

Tibetans Push Lama Toward Harder Stance on China

Even leader sees that time's running out on non-confrontational 'middle way'

(Newser) - Tibetans still support the Dalai Lama’s “middle way” policy of negotiating for greater autonomy under Chinese rule, the Christian Science Monitor reports, but a conference of Tibetan exiles that ended today in India revealed many are growing impatient with Beijing’s endless foot-dragging. Members of the conference said...

In China, These Detectives Aren't for Hire

Millions of vigilantes rile Beijing by solving mysteries online

(Newser) - If you do a bad thing in China, just hope it doesn't go online. The nation's so-called "human flesh engine"—millions of web-surfers who like hunting for facts—have already gotten a Communist Party secretary fired and identified a woman who stomped a cat to death. Despite an...

Panda Bites Student Who Tries to Cuddle

Frightened bear bites man who scales wall at China zoo

(Newser) - A student who tried to hug a panda in China yesterday got some tough love instead, BBC reports. Officials say the man, 20, climbed into the pen of Yang Yang at the Qixing Park zoo to cuddle. But the frightened bear bit him on the arms and legs. "Yang...

China Nixes Chinese Democracy

Album title means new G'n'R record faces wall of Chinese censorship

(Newser) - China's government-owned music monopoly has told record stores not to waste their time trying to order the first new Guns N' Roses album in 17 years, the Wall Street Journal reports. Officials say the title alone—Chinese Democracy—would probably be enough to doom it, but a reference to the...

Chinese Automakers Seek US-Style Bailout

Country's carmakers look to Beijing as slowdown puts the brakes on sales

(Newser) - China's automakers are looking to emulate a new Detroit invention—a bailout, the New York Times reports. After years of rapid expansion, the industry has been hit by a sudden slowdown as confidence crashes both home and abroad. Executives are now quietly pressing Beijing for a US-style rescue package to...

Recession in China Could Sink Regime
 Recession in China 
 Could Sink Regime 
analysis
Nov 18, 2008 5:54 PM CST

Recession in China Could Sink Regime

Regime worries as angry workers take to the streets

(Newser) - Beijing's grip on power in recent years has relied on a simple agreement with its citizens: "Tolerate our authoritarian rule and we'll make you rich,” writes Joshua Kurlantzick in the New Republic. But with the nation's economy on the rocks, that agreement is now breaking down. If Beijing's...

Somali Pirates Hijack Yet Another Cargo Ship

A Hong Kong ship carrying wheat is the latest victim

(Newser) - Pirates off the coast of Africa have struck again, hijacking a Hong Kong cargo ship in the Gulf of Aden, the Financial Times reports. The Delight has 25 crew members and 36,000 tons of wheat, and hijackers were reportedly steering it toward Somalia. It's the latest in a string...

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