From the Web

Danwei Picks: 2007-01-15

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).

China vs California by train: Luke Mines of Sexy Beijing compares similar rail journeys in California and China.

Qingdao to Beijing is 830 km and takes 5+ hours. Los Angeles to San Francisco is 559 km and takes 11+ hours. Shandong province (home of Qingdao) has a per capita income of $3,250. California has a per capita income of $38,956. What is wrong with this picture?

See the full post for details of California's Third World train system and how poorly it compares to China's expanding rail network.


China Mobile: no Apple iPhone: Forbes.com reports that China Mobile has walked away from talks with Apple to launch the iPhone in China, apparently because Apple's demands for a 20-30% cut of revenues were considered excessive by the Chinese cell phone giant.


Manipulating the market: Gady Epstein of Forbes reports on a common market manipulation racket in China:

'Buy a certain stock before they do, because usually if a publicly run fund would buy certain shares, the price would go up,' Lin [Rongshi, a rpivate fund manager] says. 'They notify us first, and they would buy a few days later [for the fund], then they would come back to us to split the profit I make from buying at a lower price.'

This front-running scheme would net an almost guaranteed haul for Lin and for the state-sector employees. Some others, -- insiders all, would profit, too. The only outsiders in the transaction would be the mutual funds' customers, average Chinese investors who have little idea how routinely their money is abused on the Shanghai and Shenzhen stock exchanges.

There are currently 2 Comments for Danwei Picks: 2007-01-15.

Comments on Danwei Picks: 2007-01-15

of course the iphone won't be picked up by china mobile! can you imagine the chaos and confusion that would reign if people tried to use voicemail here?

So the stockmarkets in China are full of crooks? Is that a revelation? ALL stockmarkets are full of crooks. What about the old & seasoned crooks, who are infinitely more artful: am thinking of the American mortgage horror -- now spreading world-wide & likely to impact YOUR bank & assets & pension fund. "Financial SARS".

Post a comment

All comments are moderated and subject to review by Danwei contributors and editors, but well-grounded and articulate comments will be published regardless of which way they lean. Because comments published on any website ultimately contribute to the character of that website, we may decline to publish comments that are irrelevant, redundant, or that do not adhere to generally accepted standards of courtesy; if you are looking for a fight, there are plenty of other venues available online.


Some useful html: <b>bold</b>, <i>italic</i>,
<a href="http://www.danwei.org">link</a>

Media Partners
Visit these sites for the latest China news
090609guardian2.png 090609CNN3.png
China Media Timeline
Major media events over the last three decades
Danwei Model Workers
laomo2008fpA.jpg
Recommended blogs and new media
Books on China
AXL091030storiesforthcoming.jpg
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'.
Front Page of the Day
A different newspaper every weekday
From the Vault
Classic Danwei posts
+ New Years Past: Other Spring Festivals by Geremie R. Barmé (2007.02): Sang Ye interviews two people about their experiences during Great Leap Forward-era Spring Festivals. Translated and annotated by Geremie R. Barmé.
+ Trend-spotting in online fiction (2007.06): An interview with Daniel Dan Fei (丹飞), publisher of Notes on Graverobbing (盗墓笔记), Rear Palace (后宫), and Those Ming Dynasty Things (明朝那些事).
+ China's 50 Most Beautiful People (2005.03): The Beijing News borrows a picture of Maggie Cheung from Cosmo for the cover of today's Entertainment insert, "50 Most Beautiful People in China". Ms. Cheung takes the top spot, with Takeshi Kaneshiro, Little S, Zhang Ziyi, and Liu Ye rounding out the top five in this exercise that is a conscious imitation of People magazine's yearly rundown.
Danwei Archives
Danwei Feeds
Via Feedsky rsschiclet2.png (on the mainland)
or Feedburner rsschiclet.gif (blocked in China)
rsschiclet2.png rsschiclet.gif Main feed: Main posts (FB has top links)
rsschiclet2.png rsschiclet.gif Top Links: Links from the top bar
rsschiclet2.png rsschiclet.gif Danwei Jobs: Want ads
rsschiclet2.png rsschiclet.gif Danwei Digest: Updated daily, 19:30