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China

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AP

Mobs of Han Chinese wielding meat cleavers and clubs and groups of Muslim Uighur men beat people in the streets of the capital of China's Xinjiang region Tuesday. The government imposed a curfew as it tried to stem communal violence after a riot that killed at least 156 people.

Members of the Muslim Uighur ethnic group attacked people near the Urumqi's railway station, and women in headscarves protested the arrests of husbands and sons in another part of the city. Meanwhile, for much of the afternoon, a mob of 1,000 mostly young Han Chinese holding clubs and chanting "Defend the Country" tore through streets trying to get to a Uighur neighborhood until they were repulsed by police firing tear gas.

 

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AP

A fresh protest has broken out in the capital of China's volatile Xinjiang region, with a large group of protesters blocking a main road in a stand-off with security forces.

The demonstration comes two days after at least 156 people were killed in ethnic violence in Urumqi.

 

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AP

Violent street battles killed at least 140 people and injured 828 others in the deadliest ethnic unrest to hit China's western Xinjiang region in decades, and officials said Monday the death toll was expected to rise.

Police sealed off streets in parts of the provincial capital, Urumqi, after discord between ethnic Muslim Uighur people and China's Han majority erupted into riots. Witnesses reported a new protest Monday in a second city, Kashgar.

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Themessthatgreenspanmade.blogspot.com/

 The Chinese government had established another reserve to stockpile petroleum and was planning to purchase another $80 billion of gold (about 85 million ounces at today's price level).

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PC World

Internet filtering software that China plans to distribute nationwide blocks content related to a spiritual movement banned in China, despite government claims that the software targets only porn.

The program automatically closes a browser window when it detects Chinese words related to Falun Gong, according to a keyword blacklist decrypted report by the University of Michigan.

 

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Reuters

The Chinese government has required that personal computer makers bundle software that filters Internet content from July 1, raising concerns over cyber-security as well as Internet freedoms.

The free "Green Dam-Youth Escort" software, developed by Jinhui Computer System Engineering Co, can effectively filter "unhealthy words and images," according to a Ministry of Industry and Information Technology document seen by Reuters.

 

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Reuters

A top Chinese banker called on the U.S. government and the World Bank to sell yuan-denominated bonds in Hong Kong and Shanghai to encourage the development of debt markets in those centers and to promote the yuan as a major international currency.

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Friday’s statement by China said any investment would be made according to its usual criteria of “safety and reasonable returns”, but made no mention of Beijing’s wish for more power in IMF decision-making, in return for financial support.

Safe, which controls almost $2,000bn of China’s foreign exchange reserves, added it was ready to help the IMF explore more ways to raise finance.

Mr Lipsky said the Chinese and Russian proposals were part of a commitment made during the London G20 summit in April to augment IMF resources by $500bn, and that the IMF “absolutely welcomes” the commitments.

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AP

China aggressively deterred dissent in the capital on Thursday's 20th anniversary of the crackdown on democracy activists in Tiananmen Square. But tens of thousands turned out for a candlelight vigil in Hong Kong to mourn the hundreds, possibly thousands, of demonstrators killed.

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NY Times

China’s government censors have begun to block access to the Internet services Twitter, Hotmail and Microsoft’s live.com, broadening an already extraordinary effort to shield its citizens from any hint of Thursday’s 20th anniversary of the military crackdown that ended the 1989 Tiananmen Square pro-democracy movement.

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AP

GM said the sale will likely save more than 3,000 U.S. jobs in manufacturing, engineering and at various Hummer dealerships.Does any one really believe that this will save jobs?

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By TOM KRISHER & BREE FOWLER, AP, Yahoo News.com

DETROIT – General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands.

News Link • Global Reported By Lauren Roseman
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NPR

Timothy Geithner's first trip to China as treasury secretary comes at a vulnerable time for the Obama administration. Mired in a brutal recession, the United States needs Beijing to buy more American goods, allow its currency rise and make other moves to narrow an enormous trade gap. The U.S. also needs China's help to confront any military threat from North Korea. Yet Washington's leverage has waned just as China's power over the U.S. has grown. China is now America's biggest creditor. As of March, it held $768 billion of Treasury securities — about 10 percent of publicly traded debt. The U.S. needs China's money to finance U.S. budget deficits, which are soaring as Washington tries to end the recession and bolster the banking system. The administration estimates the budget deficit will hit $1.84 trillion this year. That's four times last year's deficit.

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Christian Science Monitor

20 of China's most courageous and outspoken civil rights lawyers face being disbarred next Monday, as judicial authorities reject or delay their applications to renew their professional licenses, according to 3 of the lawyers affected.

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arclein

China on Friday said industrial output is expected to rise eight percent in the second quarter and exceed ten percent in the second half of the year as stimulus measures kick in. The Ministry of Industry and Information Technology forecast the se

News Link • Global Reported By robert klein
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The Independent

It is another symbol of the way in which the world of capitalism is shifting on its axis. PetroChina, the listed arm of China's state oil business, has become the largest company in the world, surpassing its rivals in the West.

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London Evening Standard

Oil industry experts Bernstein Research say they have been spying on the world's third-largest economy and have concluded China is actively hoarding supplies. (No mention OPEC reducing output) After the spectacular crash in the crude pric

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The Independent

The secret memoirs of Zhao Ziyang, the Communist Party leader ousted for opposing the military crackdown on student protesters in Tiananmen Square, exploded into the open, 4 years after his death. Dictated during his years of house arrest and smuggle

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AFP

Officials in a county in central China have been told to smoke nearly a quarter million packs of locally made cigarettes annually or risk being fined, state media reported. The Gong'an county government in Hubei province has ordered its staff

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Times of India

“We’re also seeing counterfeit routers and chips, and some of those chips have made their way into US military fighter aircraft.. You don’t sneak counterfeit chips into another nation’s aircraft to steal data. When it’s done intentionally, it’s done

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