China

6:59am

Fri July 19, 2013
The Two-Way

China Scraps Some Controls On Lending Interest Rates

Originally published on Fri July 19, 2013 8:00 am

China's central bank announced that it was removing some controls on the interest rates charged by banks for the loans it issues clients.

Reuters explains that the People's Bank of China said in a statement that it was removing the floor "on lending rates for commercial banks, meaning that banks will now be able to cut rates as much as they see fit to attract borrowers."

Reuters adds:

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3:00pm

Thu July 18, 2013
Arts District

Hyperlinks To The Past

Painter Xi Zhang
5280 Magazine

Denver’s second Biennial of the America’s is a festival of ideas, arts and culture meant to examine issues impacting life in the Americas. Among the artists tapped to be part of this year's event is Xi Zhang.

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10:28am

Thu July 18, 2013
The Two-Way

Study: U.S. Viewed As 'Favorable', China As Rising Superpower

A Chinese boy passes a photo of China's first aircraft carrier during an exhibition entitled "Scientific Development and Splendid Achievements" in Beijing in 2012.
Feng Li Getty Images

More people around the globe view the United States positively than do China, but most of them also believe that Beijing is set to eclipse Washington as the world's dominant Superpower, according to a new Pew Research survey.

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5:45am

Thu July 18, 2013
Asia

In Today's Beijing, Flash Ferraris And Fading Traditions

Originally published on Thu July 18, 2013 9:12 pm

Cyclists look at a Ferrari parked illegally and blocking the bicycle lane off a main road in Beijing, on April 7, 2011.
Frederic J. Brown AFP/Getty Images

Before it became China's capital in 1949, Beijing was a fairly provincial little city of 2 million people.

Today, it has grown into a megalopolis of some 18 million people.

I've recently returned to the city after a few years away, the first thing that strikes me is: Who the heck are all of these 20-somethings and how did they get to be driving all these Ferraris and Maseratis?

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5:11am

Wed July 17, 2013
Asia

Chinese Museum Closes Because Of Fakes

A visiting writer noticed some of the fakes. Like an ancient artifact bearing Chinese characters that first appeared in the 20th century. And an ancient vase bearing modern looking cartoon animals.

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