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From the Web
Danwei Picks: 2007-12-10Posted by Joel Martinsen, December 10, 2007 5:24 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). The coming China crash: This time it's really going to happen, says Martin Hutchinson at the Asia Times: Bears on China have been common for the last decade, and their track record has not been good. To take just one unfair example, Henry Blodget, the former Internet genius, wrote in Slate in April 2005: "You've probably been daydreaming about the fortune to be made in Chinese stocks. Well, keep dreaming ... you'll eventually conclude that you could have done better selling insurance in Toledo." That was about six months before the Chinese market took off, and if anybody has made 500% on their investment by selling insurance in Toledo during that period, I haven't met him. More links at China Law Blog
Iran signed a $2bn oil contract with Sinopec of China on Sunday, sending a signal to western companies that they might miss out on potentially lucrative contracts with one of the world's biggest energy exporters if they continued to heed US-inspired sanctions against Tehran.
As this reporter understands it, these so-called Western media figures simply don't understand Maher and they have never made any enquiries on this matter to CCTV. They see Chinese news through colored spectacles and their approach verges on bigotry. "Maher is absolutely not the kind of person they say he is," a senior media worker told the Global Times, expressing intense indignation at the unreasonable attacks from certain Western figures in this report. This person believes that Maher is someone in the media who deserves respect, both for his character and professional ability. This media worker dismisses the criticisms of these so-called Western media experts, "Do they understand Maher? Do they know the facts?" See also: Zhongnanhai blog, "Edwin Maher controversy: which side is more balanced"
A draft energy law, now being circulated, proposes a market-led pricing system which would allow refiners to adjust product prices according to supply and demand. As China continues to industrialize and demand for energy grows, the last thing the country needs is an energy policy which does not accurately reflect the cost of energy in today's markets. If passed, China's new energy law would be the first step toward an overall energy policy which China needs to address one of the major issues facing the country today–the continued availability of fuel to feed its growing economy.
In a second blog post since his forced return earlier this week he talks of redirecting the space to focus more on blogger education, but also mentions some unfinished business related to his time in Shenyang.
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