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Economics & Trade This Week in China

Recommended reading

We suggest checking out the following links:

New York Times: My Time as a Hostage, and I’m a Business Reporter – Reporter David Barboza gets held in a Thomas the Tank Engine toy factory for “trespassing”. Police and government officials are powerless to get him out in the face of an influential factory owner.

ChinaTechNews.com: Chinese Mobile Business Model Is Suicide – Perry Wu says wireless value-added service providers are suicidal, because China’s carriers are too greedy.

ZDNet: Wi-Fi Gets Onboard Asia’s Trains – “Colubris Networks, told ZDNet Asia that it has clinched a deal to provide Wi-Fi services to commuters in the waiting and boarding areas of Hong Kong’s Mass Transit Railway (MTR) system.”

EastSouthWestNorth: The History of the Illegal Brick Kiln in Hongdong – Translation of a Southern Weekend article on the slave-using brick kiln’s history

IHT: The Chinese footprint growing across Africa – Howard French on China’s growing diplomatic muscle in Africa, and why the West has failed there.

SCMP: Media industry seen passing Japan’s in 2009 – China’s media industry will become bigger than Japan’s in 09, but only thanks to the Olympics.

SCMP: ICICI Bank raises size of share sale to US$5b – “ICICI Bank, India’s biggest finance company by market value, will increase the size of its share sale 16 per cent to US$5 billion, a record for an Indian company, according to chief executive K.V. Kamath.”

FT.com: China – US-China currency spat bruises IMF – The IMF’s new surveillance mandate puts it at odds with China, and aligned with the US. But it risks becoming a battlefield for the two giants as it seeks to balance both interests.

AP: Apple growers fear China – “They are becoming increasingly anxious about the prospect of China flooding the U.S. market with their fresh apples – an event many believe is inevitable”

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