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Danwei Picks
Out to buy soy saucePosted by Joel Martinsen, May 30, 2008 5:33 PM
Danwei Picks is a daily digest of the "From the Web" links found on the Danwei homepage. A feed for the links as they are posted throughout the day is available at Feedsky (in China) or Feedburner (outside China). I'm just here to buy soy sauce: From Speak4China: And the newest expression sweeping the Chinese internet: 'I don't give a $@*&; I'm just here to buy soy sauce.' (关我鸟事,我出来打酱油的)
The government has finally announced the broad strokes of the long-anticipated plan for the restructuring of the telecoms industry, and a quasi-definitive time frame for the government to finally issue the coveted 3G censes. The business and industry media are having a field day with it, arguing about what it will mean for everyone in the industry, from China Mobile to Cisco to Nokia and, yes, even to Apple.
I think that it's clear that within the world of Chinese internet companies, lying limits growth, but stealing intellectual property doesn't.
Standing atop an enormous pile of rubble that was once a three-story building, Mao Hong Lin meticulously searched for the dull glint of metal. Spotting a pointed tip, he pulled out a twisted length of steel.
Klein's ideological biases and her undergraduate fixations about the evils of multinational corporations make her an unreliable journalist but the article contains some interesting research.
The National quality watchdog Thursday warned of 'severe punishment' to anyone found responsible for the collapsed school building in the May 12 earthquake. Inspectors have taken samples of rubble to see if shoddy construction material was used, according to an official of the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ). |
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Xujun Eberlein's Apologies Forthcoming: Hong Kong's Blacksmith Books has published a short story collection by Xujun Eberlein.
Princess Der Ling: Two Years in the Forbidden City: Two years in the Forbidden City is largely a reminiscence of the minutiae of life for one of history's most powerful women, by one of her court attendants, a Manchu noble's daughter by the name of Der Ling.
Carl Crow's The Long Road Back to China: In 1939 Carl Crow - an American journalist, advertising executive and author who had lived in Shanghai for 25 years until forced out by the Japanese - travelled up the Burma Road from Rangoon to Chongqing on assignment for Liberty magazine - 'the most interesting assignment I have ever been given'.
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+ New Weekly: Do Chinese kids know anything about traditonal Chinese culture? (2004.06): Q: Do you know what China's four great inventions are? Paper, printing, the compass and gunpowder 49.3% know all four, 37.3% get one or more wrong, 13.3% don't know at all (2004.06.12) + The horrors of SMS messaging (2007.09): Naraka 19 (地狱第19层), based on the Cai Jun (蔡骏) novel, gets neutered by SARFT. + China's illegal yellow press (2005.05): On the left is the front page of 'Military News', a newspaper without masthead, contact phone number or any kind of publication licence (required by Chinese law). The paper was purchased on the Beijing subway for two yuan, which is relatively expensive, as most of the city's daily newspapers cost only half a yuan.
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Comments on Out to buy soy sauce
I like the new popular greeting: "Have you given yet?" (referring to earthquake donations) rather than the venerable old "Have you eaten yet?"
We have constantly been reminded of China's great sucess with having the highest foreign currency reserve in the world. Why can't the earthquake areas have some of that ?!
If only we could, just go and buy soy sauce....
My hometown in Hebei has the best soy sauce though. I am serious.
@Jac: Read the NY Times article today on how many millions (possibly billions?) China has spent on their Olympic ROWING program and you'll know why...
because, Jac, the earthquake didn't happen in Beijing nor did it affect China's efforts to win more gold medals in underwater basket weaving and transgender pingpong singles
@Jac,
Foreign currency reserve can't be used directly at home.
Let's use example to describe it. (Assuming RMB:USD is 1:1 ratio for simplicity), China has 1 billion RMB in bank.
Now a American wants to invest 1 billion USD in China. He can't use USD directly in China, so he exchanges it in bank, and gets 1 billion RMB, and bank gets 1 billion USD.
The 1 billion USD bank got is the USD foreign currency reserve. If China then puts this reserve in circulation, what is the outcome? Inflation and RMB depreciation. In circulation, then will be 1 billion USD and 1 billion RMB. Bank will exchange this 1 billion USD sooner or later (to stablize currency ratio), again and again. At a point, bank has no deposited RMB, and the only way is printing RMB.