China

12:21pm

Fri March 16, 2012
The Two-Way

'This American Life' Retracts Mike Daisey's Apple Factory Story

Originally published on Fri March 16, 2012 2:16 pm

Mike Daisey in a scene from "The Agony and The Ecstasy of Steve Jobs."
Stan Barouh AP

A highly popular episode of This American Life in which monologuist Mike Daisey tells of the abuses at factories that make Apple products in China contained "significant fabrications," the show said today.

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1:43pm

Thu March 15, 2012
Asia

Provocative Chinese Cartoonists Find An Outlet Online

Originally published on Sat March 17, 2012 4:40 am

In this illustration by a Chinese cartoonist who goes by the name Rebel Pepper, an anglerfish, representing the Chinese Communist Party, hypnotizes smaller fish, representing the Chinese people, with the glowing image of a famous, model soldier — with the implied intention of devouring them while they're distracted.
Courtesy Rebel Pepper

Chinese cartoonists have used the Internet in recent years to take aim at the Communist Party. Using Twitter-like microblogs, they try to slip past censors and skewer their government in ways that would have been unthinkable a generation ago.

One of their targets this month is an old-fashioned Communist propaganda campaign extolling the virtues of Lei Feng, a model People's Liberation Army soldier who was devoted to his fellow workers and China's leaders — and who has been dead for half a century.

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2:00am

Thu March 15, 2012
Asia

China Removes Flamboyant Politician From Post

Chongqing Municipality Communist Party Secretary Bo Xilai leaves after the third plenary meeting of the National People's Congress at The Great Hall of the People in Beijing on March 9. Bo had been seen as a leading contender to access the top rungs of power in China, but in a dramatic reversal of fortune, he was sacked Thursday amid a rare public scandal.
Feng Li Getty Images

In a moment of high political drama, China has removed flamboyant politician Bo Xilai from his post as party secretary of the major southern city of Chongqing. The sacking comes as Beijing approaches a once-in-a-decade power transition this fall, offering a glimpse of the Machiavellian political struggle behind the scenes.

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10:01pm

Wed March 14, 2012
Planet Money

China's Giant Pool Of Dollars

Originally published on Thu March 15, 2012 9:08 am

There is an advantage to strengthening the currency for people in China: It makes their imports cheaper. A clerk counts bank notes in a bank in Nantong, east China's Jiangsu Province.
Xinhua /Landov

China's central bank is sitting on a giant pool of U.S. dollars. It's the world's biggest holder of foreign reserves, worth over $3 trillion at last count.

All that money has piled up because every year, China exports more than it imports; it runs a trade surplus.

There are lots of reasons for China's trade surplus. In the past few decades, China has built an amazing manufacturing ecosystem. It's become the factory to the world.

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9:45am

Tue March 13, 2012

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