China news round-up: Hairy crab sales drop, Taiwan's Gambian projects continue
Trending topics on weibo
1. Plane crash in Russia
2. Cold spell in China’s northeastern provinces
3. Where did dad go?, a popular Hunan Television show
4. Suddenly I cannot hold onto youth, a song by Taiwanese singer Jonathan Lee Tsung-sheng
5. The resolution on reform passed at the Communist Party Central Committee’s Third Plenum last week
Others: Inflation, Victoria’s Secret fashion show, Guangzhou’s soccer club Evergrande
Sales of hairy crabs suffer due to the current government austerity campaign.
On fiscal reform: "If you have these localities that are in hock up to the neck with debts that they can’t pay and you are the central government and you want these guys to do something, well, that gives you a certain amount of leverage,” says analyst Arthur Kroeber.
President Xi Jinping "will have to battle a deep resistance to change among state-owned enterprises, local governments, and even an urban middle class that likes his notion of 'social fairness' but does not want to see its own privileges eroded by the granting of equal access to health care and education to migrants from the countryside."
Radio Free Asia
One of the two auxiliary policemen killed in the attack in the attack in Xinjiang's Bachu county was an ethnic Uygur.
"People have lost faith in the law's ability to resolve even basic disputes," writes columnist Zeng Ying on the reform of petitioning monitoring.
China Labour Bulletin
The arbitration system is designed to give workers an avenue for legal redress but, all too often, its excessive bureaucracy means it becomes a safe haven for companies to evade their responsibilities.
Wall Street Journal - China Real Time Report
Some Chinese are saying that due to economic pressures, they don’t want a second child even if the government allows them to.
China Law and Policy
On the detention of journalist Chen Yongzhou: "So if you are Zoomlion, why bring the criminal action? Why not go for the civil claims and at least get paid?"
Wall Street Journal
China's leaders vowed to revamp the country's IPO system, transforming it from one where the government decides which companies can list and into a Western-style system where companies can go public on their merits.
China Media Project
Well-connected China Media Capital is rumoured to have acquired a controlling stake in the Caixin Media Group.
China Minsheng Bank prepares to release a new type of bank card that promises to offer interest rates on a par with most money market fund products in a move hailed by the banking industry as “the first shot of a counterattack” against upstart online financing.
"The Bloomberg bureaucracy should be constantly contacting, negotiating, influencing in support of their China teams, not cracking the whip and hardening the resistance," writes Sydney Rittenberg.
"In the wake of Typhoon Haiyan, the US has gained some ground at China's expense," writes Patrick M. Cronin of the Center for a New American Security.
East by Southeast
The expansion of Yunnan's role as bridgehead to Southeast Asia will "bring stability and peace to China’s border areas," writes government adviser Liu Jinxin.
China News Agency (Taiwan)
Taiwan-Gambia projects to go ahead as planned, says Taiwan's Ministry of Foreign Affairs.
The PetroChina-Petrobras deal in Peru "reinforces the growing presence of Chinese oil companies in Latin America and suggest that there will be no slowdown in their international expansion despite a domestic corruption investigation".