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China’s bond market under new management

(December 6, 2007) Yangtze Power was not the first Chinese company to issue debt in the domestic market, but the US$540 million it raised through the sale of 10-year bonds — which started trading on the Shanghai Stock Exchange on October 12 — marked the dawn of what could be a dynamic new age for corporate bonds, Newsweek reports.

Landslide death toll rises to 34

(December 3, 2007) The death toll in the landslide in central China’s Hubei Province last month has risen to at least 34, after searchers pulled out one more body from the debris early on Monday. The landslide caused an avalanche of about 3,000 cubic meters of rubble that buried a nearby construction site and a bus travelling on State Highway 318, Xinhua reported.

World bankruptcy

(November 28, 2007) When the World Bank staff staged a coup against then-President Paul Wolfowitz earlier this year, The Wall Street Journal editorials argued that one motivation was to stop his anti-corruption fight. Now The WSJ describes “another backroom putsch,” this time against Suzanne Rich Folsom, the head of the bank’s anticorruption unit (INT, or department of institutional integrity).

Residents fear China’s Three Gorges dam

(November 27, 2007) Residents in the Three Gorges dam reservoir area fear an increased risk of harm to the environment as a result of the dam’s impacts. One of the biggest concerns currently is that the reservoir’s seasonal water fluctuations have unsettled the delicate geology of the area and that this may escalate the risk of landslides and other dangers.