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Beijing CBD Properties Are as Expensive as the Tokyo Shinjuku CBD and the City of London

On September 29, 2013, People’s Daily published an article on how expensive properties are in the Beijing Central Business District (CBD). The original article was from Beijing Youth Daily, the official newspaper of the Chinese Communist Youth League committee in Beijing. According to the article, Beijing CBD property is as expensive as real estate in the Tokyo Shinjuku CBD and in the City of London. However, the average income of Beijing residents is only 1/5 of the income of people living in Tokyo and London.  If an ordinary young man wanted to buy an 80-square-meter apartment in the Beijing CBD, he would have to work at least 40 years without eating or drinking anything.

Source: People’s Daily, September 29, 2013
http://house.people.com.cn/n/2013/0929/c194441-23069638.html

Empty Ghost Towns in China Indicate Burst Housing Bubble

On July 21, 2013, China Review News published an article, which was originally from http://www.xinmin.cn/, on China’s “ghost towns.” According to the article, a ghost town is an empty town in China where the local government has built a lot of new apartments and commercial buildings at great cost. There are 12 large ghost towns in China, four of which are in Inner Mongolia.

In 2009, China’s real estate investments accounted for 10 percent of China’s GDP. In contrast, in the United States, real estate investment does not exceed 6 percent of its GDP. The writer believes that some housing bubbles have already burst.

Source: China Review News, July 21, 2013
http://www.zhgpl.com/doc/1026/4/0/4/102640407.html?coluid=53&kindid=0&docid=102640407&mdate=0721073650

VOA: When the Father of China’s Internet Censorship Resigned, Chinese Netizens Cheerfully Mocked Him

On June 29, 2013, Voice of America published an article on why Chinese netizens were so cheerful when a university president announced he would resign from his post as the president of Beijing University of Posts and Telecommunications due to illness. The president was Fang Binxing, China’s best-known Internet censorship engineer, nicknamed the “Father of China’s Great Firewall.” The “Great Firewall” allows China’s regime to censor websites like Facebook, Twitter, YouTube, Google, and anything that the Chinese authorities do not approve. When Fang sent his greetings on a Weibo (Chinese microblog) account, Chinese netizens responded with 250,000 “Go Away” messages. In 2012, when Fang spoke at Wuhan University, students threw eggs and shoes at him.

Fang’s resignation announcement sparked a new round of mocking. Some netizens even posted a sarcastic couplet poem to Fang: “Thousands of People Point Fingers at You When You Are Alive; One Excremental Name Will Follow You after You Pass Away.” The title of the poem was “A Life Journey Not Taken in Vain.”

Source: Voice of America, June 29, 2013
http://www.voachinese.com/content/beijing-principal-20130629/1691720.html  

Xi Jinping Strips the Amnesty Privilege from Politburo Members in the Anti-Corruption Campaign

An article, originally published by a Hong Kong monthly magazine QianShao, is being spread widely on the Internet. The article speculates that former Politburo Standing Committee member Zhou Yongkang might be the targeted “big tiger” in Xi Jinping’s anti-corruption campaign. China’s State media reported that Zhou’s crony, former secretary Guo Yongxiang, is being investigated. 

The article reports, “at an expanded meeting of the Politburo Standing Committee, Xi Jinping said that he drafted an anti-corruption proposal together with Premier Li Keqiang. The proposal requires that anti-corruption actions must target “Tigers” [high-level, heavy-weight officials]. Xi also defined "big tiger" and upgraded it to the level of a member of the Politburo Standing Committee.” 
“Meanwhile, Xi proposed to abolish the internal rule that ‘no investigation should be initiated on a member of the Politburo Standing Committee.’ Instead, Politburo Standing Committee members, whether incumbent or retired, must accept a criminal investigation as long as the evidence is solid and it has had a negative influence at home and abroad.” 
Source: Wenxuecity, June 25, 2013 
http://www.wenxuecity.com/news/2013/06/25/2476767.html

Tightened Measures against Fraud on the College Entrance Exam Sparked Riot in China

Students and parents besieged proctors at a high school in Zhongxiang City, Hubei Province on June 8, 2013, because of tightened anti-cheating measures on the College Entrance Exam. The parents were protesting unjust treatment on the national college entrance exam, “Why is it that official’s children are allowed to cheat, but our children cannot cheat?” The proctors confiscated cell phones, set up wireless jammers that blocked cell phone and other signals, and frisked the students. Some male teachers were said to have "groped the girls’ chests.” The strict regulations angered many students and parents, who stormed the school after the exam ended. Several hundred students and their parents surrounded the school in protest, beating teachers, smashing the principal’s car, and ripping the school’s doors off their hinges. After the exam, a student’s parent beat the proctor who had confiscated that student’s cell phone.

Fraud on the College Entrance Examination is rampant in Zhongxiang and many places in China. Many of the local school officials, teachers, parents, and students are all involved in the fraud. Therefore, proctors from other cities were sent to Zhongxiang this year to tighten measures against cheating.

Source: China Gate, The Epoch Times, Education News, June 10 and June 19, 2013
http://www.wenxuecity.com/news/2013/06/19/2465348.html 
http://www.theepochtimes.com/n3/100661-college-entrance-exam-becomes-battleground-in-china/
http://www.educationnews.org/international-uk/anti-cheating-measures-on-college-entrance-exam-spark-riot-in-china/

Beijing News: Ten Listed State-Owned Enterprises Spent Over 2.9 Billion Yuan on Hospitality

On May 13, 2013, Beijing News published an article titled, “Ten Listed State-Owned Enterprises Spent over 2.9 Billion Yuan (U.S. $471,835,800.00) on Hospitality in order to Maintain Good Public Relations.”

In the 2012 annual reports, 1,720 listed companies disclosed a total of 13.3 billion yuan in "Business Hospitality Expenses." The ten companies that spent the most on hospitality expenses were all state-owned enterprises. The hospitality expenses were spent on “eating and drinking.” Since companies are not required to disclose their “Business Hospitality Expenses,” China’s big state-owned enterprises: “China National Petroleum, China Petrochemical, Construction and the Industrial and Commercial Bank of China,” have not disclosed any of this data.

Source: Beijing News, May 13, 203
http://www.bjnews.com.cn/finance/2013/05/13/263318.html

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