Liu Qibao, the new Central Propaganda Department chief, is in the news today after failing to show up  last week to previously announced trips to North Korea, Laos and North Korea.
The Beijing Times newspaper today reports on  a Xinhua communique which reveals that Liu has spent recent days assuming his authority over the Communist Party Central Committee's International Communication Office and the Ministry of Culture.
During his visits, Liu named the "spirit" of the 18th Party Congress and a culture of strong national socialism as the baseline for his administration's "cultural war".
The focus of that, the report said, will be external propaganda and cultural exchanges, and further construction of and stronger control over China's Internet infrastructure as well as guidance of online discussion.
— Isolda Morillo 莫沫 (@MomoAdalois) 12月 6, 2012 
-- China Developers Chase Rich Buyers Abroad Amid Curbs at Home  Developers realize “the return on investment going forward is not necessarily going to be the same as in the boom years. They know that the game is changing and they have to change their business model to adapt and to survive.”
-- China and the U.S., Capitalism’s Odd Couple  The dominance of China’s state-owned banks and enterprises through Communist Party connections exacerbates disparities and encourages corruption. But crony capitalism and dollar politics in the West can be just as pernicious as state capture in China.
Business New Europe
-- China urges Central Asia to use $10bn infrastructure fund  With no takers thus far, China has called on the governments of four Central Asian republics to start using a $10bn package of loans announced in June to fund infrastructure and industrial projects.
-- China, Kyrgyzstan to boost relations  The pledge came during Premier Wen Jiabao's second visit in eight years to the Central Asian country.
-- In SEC Action Against 'Made-in-China' Stock Scams, A Second Shoe Drops  The term refers to stock scams emanating from China that, by TheStreet.com’s estimate, already by last year had cost U.S. investors at least $34 billion. As I pointed out on Tuesday, this scandal puts the United States and China on an epic collision course.
-- Is Norway a low quality, badly behaved country?  ...I'm glad Wang Qin brought this up, because in the past couple of months a whole bunch of country rankings have come out, and they're an excellent way to bolster Wang's assertion of low Norwegian quality and bad behavior, especialy as compared with a peacefully rising China.
-- Chinese Investment: Stop Complaining  The famous multinational auditors are complaining, the Chinese firms are complaining, the Chinese government is complaining. None of these complaints has any foundation.
-- Drone race heats up between U.S. and China  The arrival of the tailless and stealthy X-47B on the USS Harry S. Truman at the Norfolk naval base in Virginia on Nov. 26 is the first time that an unmanned combat jet plane has been on a carrier.
-- The World's Fast-Changing Oil Map: the South China Sea  Countries now participating in skirmishes involving rights to the sea's promising waters include China, Vietnam, the Philippines, Taiwan, Brunei, and Malaysia.
-- China ready to ‘communicate’ over new passports  Manila, however, is still waiting for clarification from Beijing on its reported plan to board ships that enter areas in disputed seas that China claims as part of its territory. This week the Philippines stopped processing visas for holders of the new Chinese passport.
U.S. Securities and Exchange Commission
-- SEC Charges China Affiliates of Big Four Accounting Firms with Violating U.S. Securities Laws in Refusing to Produce Documents  The audit materials are being sought as part of SEC investigations into potential wrongdoing by nine China-based companies whose securities are publicly traded in the U.S. The audit firms have refused to cooperate in the investigations.
-- 刘奇葆要求研究加强网络管理  Liu Qibao issues call for research into strengthening Internet management
Tea Leaf Nation
-- Chinese Web Users Clamoring For Their Zombie Fix  China’s blogosphere is anxiously awaiting the release of World War Z in 2013—so anxiously, in fact, that there are already over 650,000 posts devoted to the subject on Sina Weibo...
Wall Street Journal
-- China's Economic Dead End  Profits are under pressure because all that investment has made firms inefficient.