December 13, 2011 |
Falling home values. Debt-strapped borrowers. Real estate woes dogging the economy. It's old news in the United States, but now the air has started to leak from another great housing bubble — in China. Home prices nationwide declined in November for the third straight month, according to an index of values in 100 major cities compiled by the China Index Academy, an independent real estate firm. Average prices in the Shanghai area are down about 40% from their peak in mid-2009, to about $176,000 for a 1,000-square-foot home.
April 7, 2010 |
The world is in a cyber arms race and needs to take steps to reverse it, said the authors of a report released Tuesday that detailed the extensive theft by Chinese hackers of Indian national security information, 1,500 e-mails from the Dalai Lama's office and other sensitive information. Canadian and U.S. researchers at the University of Toronto monitored the hacking of a "shadow" spy network over eight months, tracking it to computer servers based in China and to individuals in the city of Chengdu in central China.
March 26, 2010
A Net fight Re "Google pulls plug on China search engine," March 23 Google's decision to pull out of mainland China demonstrates that corporations can flex as much political muscle as nations when they have the right leadership. Google stands to lose a significant amount of revenue, but the Chinese government stands to lose far more as the country's young people grow increasingly dissatisfied with their leaders' hard-line tactics. It's a remarkable moment in history when a technology giant can take a leadership role in coercing an oppressive regime to change.
February 3, 2009 |
The Dalai Lama, Tibet's exiled spiritual leader, was hospitalized here Monday after complaining of discomfort in his arm, aides said. He was released a few hours later after a series of tests. The 73-year-old leader was diagnosed with a pinched nerve caused by a slipped disc, said Tenzin Taklha, an aide, who added, "The doctors said it was nothing serious."
November 28, 2005 |
Running water returned to this northeast city of 3.8 million people Sunday, ending a five-day shutdown blamed on a chemical spill that embarrassed the Chinese government and highlighted the nation's mounting environmental problems. City officials announced that the level of toxic materials in the Songhua River had fallen to within safety standards as a 50-mile slick of benzene and other poisonous chemicals moved downstream.
July 20, 2005 |
The proposed buyout of Unocal Corp. by China's CNOOC Ltd. is dramatizing the complex challenge of devising the rules for a capitalist competition with a communist nation. Much of the congressional opposition to the attempted acquisition has swirled around questions of whether the links between CNOOC and the Chinese government provide it unfair advantages and whether the company is acting as a commercial competitor or an arm of the Chinese state in pursuing the deal.