What we’ve been reading recently:
The New Yorker: Letter from China: Crazy English – The story of Li Yang, the man behind Crazy English (h/t to Danwei) | LiYang crazy english english
Economic Observer: Chinese Firms Tapping Informal Loan Networks – “Many Chinese firms are taking out high-interest loans from informal fund networks in response to rising costs and a credit crunch that has left them struggling to survive” | SME business china credit loans
Shanghai Daily: Airline authority suspends flights after ‘no arrivals’ scandal – “The Civil Aviation Administration of China suspended the Kunming to Xishuangbanna and Kunming to Dali flights from May 4, according to a statement on its Website today.” Also include a link to the original document online. Good stuff. | CAAC ChinaEastern airlines china labor pilots strike
Economic Observer: Behind the Defiance in the Skies – “In China, carrying out a strike is considered illegal. When the weaker party, namely the workers, wish to exert pressure on their employer, they could only go underground. Thus the fight is carried out secretly without a regulatory framework” | ChinaEastern airlines china labor pilots strike
Shanghai Daily: Q1 losses soar – “First-quarter losses by China’s mutual funds soared, with 346 funds managed by 58 firms losing 647.5 billion yuan (US$92.5 billion), eight times the amount of the previous quarter” | A-shares china mutualfunds
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