Here's an interesting news report quoting People's Bank of China official Zhang Tao as saying that housing prices in China are, relative to both income and rental prices, disproportionately high compared with the ratio in other countries. Zhang attributes this…

Twenty-eight drivers have been arrested for drink driving in a four-day city-wide road-safety campaign during the Easter holidays.

The Monetary Authority warns HSBC customers to beware of an email purporting to be sent from the bank asking them to use an embedded hyperlink to connect to a bogus site to verify their account details. It prompts users to enter their online bank account user name and password.

I've been relatively silent, for the most
part, when it comes to the U.S. presidential election. None of the three
remaining candidates excite me all that much, and the statements each of them
has made on foreign policy issues make me rather nervous – some of McCain's more
belligerent comments are downright scary.

There have been some real whoppers when […]

The FT yesterday gave us another reminder that China's policy when it comes to the value of the RMB is all about the domestic economy, not about international pressure:
But the bilateral prism through which Washington sees the issue gives a distorted picture of the reasons for the renminbi’s strengthening, say analysts, and also exaggerates the […]

I recently wrote about a crackdown by the drug authorities on illegal online drug sales (really, it's true) and used the occasion to suggest a disconnect between the SFDA and the MII, the latter being responsible for regulating the Internet. Interagency cooperation over here is problematic in most cases.

Based […]

The Chinese IT Service Alliance has been initiated by the Consumer Electronics After-sales Service Commission of the China Electronic Chamber of Commerce with Red Express Service, a subsidiary of Hisap High Technology Corporation, as one of the key members. The purpose is to provide industry self-regulation of China's domestic IT service market.

Kowloon City Magistracy has jailed a 65-year-old man three months for offering bribes to a Kowloon Hospital administrator in return for his deceased girlfriend's medical report.