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Media Report
August 26 , 2016
  • China is establishing a national park system in part to preserve habitats for Siberian tigers like this one, pictured in a zoo in Hangzhou, Zhejiang ...
  • The Los Angeles Times reports: "Los Angeles real estate has long attracted foreign investment, be it from Japan, Canada and South Korea. But no one is building from the ground up the way the Chinese are today. Chinese developers such as Greenland, Oceanwide and Shenzhen Hazens are pouring billions into the neighborhood, adding thousands of new residential units in soaring skyscrapers that will fundamentally change the city's skyline. Since 2014, Chinese developers have been involved in at least seven of 18 land deals downtown in excess of $19 million, according to real estate firm Transwestern....The building boom is something of a showcase for Chinese real estate companies, which are willing to pay a premium to establish themselves as global brands. The foray overseas has also demonstrated the many differences between building in both countries — an experience both sides will need to learn from if the U.S. is to remain a prime destination for Chinese capital."
  • Reuters reports: "Japan should play a 'constructive' role at the upcoming G20 summit in the Chinese city of Hangzhou because cooperation is in the interests of all parties, China's top diplomat told a visiting Japanese envoy. Ties between Asia's two largest economies have long been overshadowed by arguments over their painful wartime history and a territorial spat in the East China Sea, among other issues....Chinese state councillor Yang Jiechi, who outranks the foreign minister, told the head of Japan's National Security Council, Shotaro Yachi, that Japan should "play a constructive role" at the G20 summit, state news agency Xinhua reported late on Thursday. 'The improvement of China-Japan ties has been continuously disturbed by various problems, especially the issues related to East China Sea and South China Sea, which is in the interests of neither side,' Xinhua paraphrased Yang as saying.Yachi also met Chinese Premier Li Keqiang. 'The China-Japan relationship is still very fragile although there is a momentum of improvement,' Li said, according to Xinhua."
  • The Washington Post comments: "The man posed as 300-year-old Chinese emperor Qianlong, who was apparently still going strong thanks to drinking the 'elixir of life,' and he told a woman in southern China that he could access his 'imperial savings'; he just needed a down payment to 'unfreeze the money.'...China's Southern Metropolis Daily reported that the woman first handed over 2 million yuan ($300,000) to the man, ostensibly to purchase jade cabbage sculptures, a kind of lucky charm....Posing as a student of global investor George Soros, the man persuaded her to part with an additional 45 million yuan ($6.7 million) to invest in 'profitable' financial derivatives and a technology firm in the southern city of Shenzhen. The two men made off with her money, spending it on houses, cars and medicine, but were eventually discovered and found guilty in a Shenzhen court on Thursday....In China, the Southern Metropolis Daily reported, this is not the first time a bit of imperial magic has been used to persuade people to part with their cash."
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