WBEZ | Shanghai http://www.wbez.org/tags/shanghai Latest from WBEZ Chicago Public Radio en For Markets, a Bad Start to the Year http://www.wbez.org/programs/here-and-now/2016-01-04/markets-bad-start-year-114371 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/0104_chinese-stocks-624x434.jpg" alt="" /><p><div id="attachment_99158"><img alt="An investor sits in front of a screen showing stock market movements in a stock firm in Fuyang, east China's Anhui province on January 4, 2016. Trading on the Shanghai and Shenzhen stock exchanges was ended early on January 4 after shares fell seven percent, the first time China's new &quot;circuit breaker&quot; intervened to curb market volatility. (STR/AFP/Getty Images)" src="http://s3.amazonaws.com/media.wbur.org/wordpress/11/files/2016/01/0104_chinese-stocks-624x434.jpg" style="height: 431px; width: 620px;" title="An investor sits in front of a screen showing stock market movements in a stock firm in Fuyang, east China’s Anhui province on January 4, 2016. Trading on the Shanghai and Shenzhen stock exchanges was ended early on January 4 after shares fell seven percent, the first time China’s new “circuit breaker” intervened to curb market volatility. (STR/AFP/Getty Images)" /><p>Stock markets started the New Year with some steep drops. In China, stocks fell more than 7 percent, forcing the market to shut down early.</p></div><p>Bloomberg reports it was the worst start to the year for China stocks ever. The Dow Jones industrial average was down more than 400 points or 2.4 percent in the morning, the S&amp;P down 2.1 percent and Nasdaq down 2.7 percent.</p><p><a href="http://hereandnow.wbur.org/2016/01/04/stock-markets-steep-drops" target="_blank"><em>Here &amp; Now&rsquo;s </em></a>Meghna Chakrabarti looks at what&rsquo;s happening with<a href="http://@jillonmoney" target="_blank">&nbsp;Jill Schlesinger</a>&nbsp;of CBS News.</p></p> Mon, 04 Jan 2016 16:17:00 -0600 http://www.wbez.org/programs/here-and-now/2016-01-04/markets-bad-start-year-114371 Chinese firm plans $1.3 billion purchase of Texas oil lands http://www.wbez.org/news/chinese-firm-plans-13-billion-purchase-texas-oil-lands-113506 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/The Shanghai-listed Yantai Xinchao Industry Co. filed a security filing over the weekend announcing it would purchase Texas oil properties for 8.3 billion yuan..jpg" alt="" /><p><div id="res451676806" previewtitle="The Shanghai-listed Yantai Xinchao Industry Co. filed a security filing over the weekend announcing it would purchase Texas oil properties for 8.3 billion yuan."><div data-crop-type="" style="text-align: center;"><img alt="The Shanghai-listed Yantai Xinchao Industry Co. filed a security filing over the weekend announcing it would purchase Texas oil properties for 8.3 billion yuan." src="http://media.npr.org/assets/img/2015/10/25/gettyimages-81705896-b08e798a6e2f7b29da60a7bf1968a0df07c9b50b-s400-c85.jpg" style="height: 405px; width: 540px;" title="The Shanghai-listed Yantai Xinchao Industry Co. filed a security filing over the weekend announcing it would purchase Texas oil properties for 8.3 billion yuan. (AFP/AFP/Getty Images)" /></div><div><div><p>A Chinese investment holding company intends to put down stakes in the United States after signing a letter of intent to purchase oil properties in western Texas for $1.3 billion through a limited liability partnership.</p></div></div></div><p>The Shanghai-listed Yantai Xinchao Industry Co., said in a&nbsp;<a href="http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2015-10-23/600777_20151023_1.pdf">securities filing over the weekend</a>, it was a purchasing oil lands in the Texas counties of Howard and Borden as part of the proposed acquisition of Ningbo Dingliang Huitong Equity Investment Center, according to the&nbsp;<a href="http://bigstory.ap.org/article/5bb7e009075c487b9c74de17dd0c4827/chinese-investment-company-buy-texas-oil-fields-13b">Associated Press</a>.</p><p>The news service also reports Yantai Xinchao said in its letter of intent, the transaction, worth 8.3 billion yuan, has been &quot;approved by the Committee on Foreign Investment in the United States&quot; which is part of the Treasury Department.</p><p>The oil properties are being purchased from Tall City Exploration LLC and Plymouth Petroleum LLC, according to the&nbsp;<a href="http://www.wsj.com/articles/chinese-property-developer-snaps-up-texas-oil-fields-1445773022">Wall Street Journal</a>.</p><p>Neither Tall City Exploration or ArcLight Capital Partners LLC, the parent company of Plymouth Petroleum, returned requests for comment by the time of this posting. We will update if things change.</p><p>The Wall Street Journal&nbsp;also reports Chinese energy companies have been longing to do business in the U.S. because of &quot;stable laws governing oil exploration and production.&quot; The publication adds:</p><blockquote><div><p><em>&quot;But U.S. restrictions on Chinese investment in potentially sensitive areas means investment in the U.S. energy patch by Chinese companies is, to date, limited. Yantai Xinchao said it had already received permission from the U.S. government for the deal.</em></p><p><em>...</em></p><p><em>&quot;Chinese companies are looking abroad for oil deals partly because of tight restrictions at home, making investment in oil-and-gas exploration and production next to impossible in many cases. State-owned oil behemoths dominate China&#39;s energy landscape, leaving little space for independent companies to invest. China&#39;s government says it aims to bring more private capital into the oil sector as part of ongoing reforms.&quot;</em></p></div></blockquote><p>&mdash; <a href="http://www.npr.org/sections/thetwo-way/2015/10/25/451675784/chinese-firm-plans-1-3-billion-purchase-of-texas-oil-lands?ft=nprml&amp;f=451675784" target="_blank"><em>via NPR</em></a></p></p> Mon, 26 Oct 2015 14:09:00 -0500 http://www.wbez.org/news/chinese-firm-plans-13-billion-purchase-texas-oil-lands-113506 Life, death, and dumplings http://www.wbez.org/blogs/louisa-chu/2013-04/life-death-and-dumplings-106530 <p><p style="text-align: center;"><a href="http://www.flickr.com/photos/louisachu/8627974560/"><img alt="" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/qingtuanxihand.jpg" style="width: 620px;" title="Qing tuanzi: wild grass, glutinous rice, and red bean dumplings for Qingming Festival in Shanghai, China (WBEZ/Louisa Chu)" /></a></p><p>Like billions of Chinese worldwide this weekend, I&#39;d hoped to observe <em>Ching Ming</em> (Cantonese), or <em>Qingming</em> (Mandarin), to pay my respects to ancestors by visiting gravesites with family for a bit of spring cleaning, as well as leave offerings of food and drink.</p><p>But with the current bird flu scare, travel is noticeably down, while authorities destroyed more than 20,000 birds in live markets, though <u><a href="http://www.wbez.org/blogs/louisa-chu/2013-04/chinas-poultry-passion-persists-despite-bird-flu-blues-106432">poultry is still being eaten</a>.</u></p><p>In Chicagoland, most locals now celebrate the holiday in the Chinese section at Mt. Auburn cemetery in southwest suburban Stickney, as I mentioned last year.</p><div class="image-insert-image " style="text-align: center;"><a href="http://www.flickr.com/photos/louisachu/8607880503/"><img alt="" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/shanghaixiaolongbao.jpg" style="width: 620px;" title="Xiaolongbao with black vinegar and ginger in Shanghai, China (WBEZ/Louisa Chu)" /></a></div><div class="image-insert-image " style="text-align: center;"><p style="text-align: left;"><span style="text-align: left;">I was just leaving Shanghai, my father&#39;s hometown, not that it mattered. My grandparents were once buried in one of the cemeteries that no longer exists, dug up during the Cultural Revolution, now developed into modern high-rises. My uncle&#39;s ashes were buried at sea, which is increasingly preferred.</span></p><p style="text-align: left;">One consolation: I told my dad I was bringing home not only&nbsp;<em>qing tuanzi</em>, but from Godly. The vegetarian restaurant open since 1922 and recognized for its intangible cultural heritage in China, was once a favorite of his mother, the grandmother I never knew.</p><p style="text-align: left;">My dad said, &quot;What are&nbsp;<em>qing tuanzi</em>?&quot;</p><p><a href="http://www.flickr.com/photos/louisachu/8627974560/" style="text-align: center;"><img alt="" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/qingtuanxipackage.jpg" style="height: 414px; width: 620px;" title="Qing tuanzi: wild grass, glutinous rice, and red bean dumplings for Qingming Festival in Shanghai, China (WBEZ/Louisa Chu)" /></a></p></div><div class="image-insert-image " style="text-align: center;"><div class="image-insert-image "><div class="image-insert-image " style="text-align: left;"><em>Qing tuanzi</em> are distinctively bright spring green glutinous rice dumplings filled with sweet red bean paste. Their color comes from wild mugwort juice. They&#39;re now found throughout Shanghai, but are a specialty of&nbsp;Suzhou, about 60 miles west of Shanghai, an hour and 30 minutes drive or only an hour by high speed bullet train.</div><div class="image-insert-image "><div class="image-insert-image "><a href="http://www.flickr.com/photos/louisachu/8607912649/"><img alt="" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/shanghaifacetime.jpg" style="width: 620px;" title="FaceTime over tea, mangosteens, and mandarines in Shanghai, China (WBEZ/Louisa Chu)" /></a></div><div class="image-insert-image " style="text-align: left;">Clearly they&#39;re not nearly as famous as&nbsp;<em>xiaolongbao</em>, Shanghai&#39;s iconic soup dumplings. The green dumplings may look like mochi but my first bite revealed something completely different. They&#39;re firmer in texture, with a tart almost effervescent flavor, like the white<em> nian gao</em> (steamed sweet sticky rice cake) that my maternal grandmother used to make.</div><div class="image-insert-image " style="text-align: left;">&nbsp;</div><div class="image-insert-image " style="text-align: left;">You can actually <a href="http://item.jd.com/1016996018.html"><u>order <em>qing tuanzi</em> by Godly </u></a>online. I&#39;m not sure about the shipping, but in our world, old meets new and it seems anything is possible.</div><div class="image-insert-image " style="text-align: left;">&nbsp;</div><div class="image-insert-image " style="text-align: left;"><a href="https://twitter.com/louisachu"><u><em>Follow Louisa Chu on Twitter.</em></u></a></div><div class="image-insert-image "><div class="image-insert-image "><a href="http://www.flickr.com/photos/louisachu/8627964264/"><img alt="" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/qingtuanxiinterior.jpg" style="width: 620px;" title="Qing tuanzi: wild grass, glutinous rice, and red bean dumplings for Qingming Festival in Shanghai, China (WBEZ/Louisa Chu)" /></a></div></div></div></div></div><p>&nbsp;</p></p> Mon, 08 Apr 2013 05:00:00 -0500 http://www.wbez.org/blogs/louisa-chu/2013-04/life-death-and-dumplings-106530 China's poultry passion persists despite bird flu blues http://www.wbez.org/blogs/louisa-chu/2013-04/chinas-poultry-passion-persists-despite-bird-flu-blues-106432 <p><p style="text-align: center;"><a href="http://instagram.com/p/XnJqX7xRpQ/"><img alt="" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/shanghaichickensilkie.JPG" style="height: 620px; width: 620px;" title="Silkie chicken at Lotus supermarket in Shanghai, China (WBEZ/Louisa Chu)" /></a></p><p>Greetings from Shanghai, where <u><a href="http://www.scmp.com/news/china/article/1205499/new-case-bird-flu-infection-reported-nanjing">a new strain of bird flu</a></u>&nbsp;has killed two men and caused four more people to become critically ill. A patient diagnosis leaked to the Chinese social media site Weibo offered details of the most recent patient: a woman who worked as a poultry butcher in a Nanjing market. On March 30, doctors confirmed she was infected with H7N9 avian influenza. There is no vaccine for this version of the flu.</p><p>In the meantime, despite <u><a href="http://www.theatlanticwire.com/global/2013/04/bird-flu-deaths-has-china-edge/63729/">reports to the contrary</a>,</u>&nbsp;and the lack of any visible signs of an emergency plan in action, I can tell you that from here, the taste for poultry lives on in Shanghai.&nbsp;</p><div class="image-insert-image " style="text-align: center;"><a href="http://www.flickr.com/photos/louisachu/8613383581/"><img alt="" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/shanghaismokedduck.jpg" style="width: 620px;" title="Jasmine Tea Smoked Duck at Jardin de Jade in Shanghai, China (WBEZ/Louisa Chu)" /></a></div><div class="image-insert-image ">In the few days I&#39;ve been here, I&#39;ve eaten tea-smoked duck, tea-smoked goose, and even chicken feet for breakfast.</div><div class="image-insert-image ">&nbsp;</div><div class="image-insert-image ">At the Lotus supermarket, located at the foot of Shanghai&#39;s most famous landmark, the&nbsp;<u><a href="http://www.orientalpearltower.com/en/">Oriental Pearl Tower</a></u>, I found blue-black-skinned Silkie chickens, as prized as ever. In Chicago you can find them at the live markets, too.&nbsp;</div><div class="image-insert-image "><div class="image-insert-image " style="text-align: center;"><img alt="" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/shanghaismokedgoose.jpg" style="width: 620px;" title="Tea smoked goose at Xin Wang Tea Restaurant in Shanghai, China (WBEZ/Louisa Chu)" /></div><div class="image-insert-image ">Lean and gamy, Silkies are used most often as a traditional Chinese tonic soup, <a href="http://www.wbez.org/blogs/louisa-chu/2013-03/wisconsin-ginseng-sex-drugs-and-root-robbers-106315"><u>fragrant with ginseng</u></a> and other medicinal herbs &mdash;&nbsp;a rather ironic cure-all given the present state of things.</div></div><div class="image-insert-image " style="text-align: center;"><a href="http://instagram.com/p/XnJE5vRRom/"><img alt="" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/shanghaichickenfeet.JPG" style="height: 620px; width: 620px;" title="Chicken feet on breakfast buffet at Kerry Hotel in Shanghai, China (WBEZ/Louisa Chu)" /></a></div><p><a href="https://twitter.com/louisachu"><u><em>Follow Louisa Chu on Twitter.</em></u></a></p></p> Tue, 02 Apr 2013 05:00:00 -0500 http://www.wbez.org/blogs/louisa-chu/2013-04/chinas-poultry-passion-persists-despite-bird-flu-blues-106432 The 2010 Shanghai World Expo closes http://www.wbez.org/episode-segments/2010-shanghai-world-expo-closes <img typeof="foaf:Image" src="http://llnw.wbez.org//segment/photo/2010-November/2010-11-04/800px-Shanghai_Expo_opening-night_fireworks.jpg" alt="" /><p><p>Last week, the 2010 Shanghai World Expo came to a close in what many have called the largest event in human history. The Expo brought 73 million people over 184 days. Organizers and many outside observers declared the it was a smashing success, but the Expo has also come under scrutiny for a number of issues like forced attendance, mass relocation of residents, and padded attendance numbers.</p><p><em>Worldview's</em> Global Cities contributor Barry Weisberg shares his thoughts about the Expo's sucesses and failures.<br> &nbsp;</p></p> Thu, 04 Nov 2010 14:00:00 -0500 http://www.wbez.org/episode-segments/2010-shanghai-world-expo-closes The opening of the 2010 Shanghai World Expo http://www.wbez.org/episode-segments/opening-2010-shanghai-world-expo <img typeof="foaf:Image" src="http://llnw.wbez.org//archives/images/cityroom/wv_20100430a_large.png" alt="" /><p><p>A massive fireworks show today capped off the opening ceremonies of the <a href="http://www.expo2010china.hu/index.phtml?module=home&amp;menu_id=macaupavilion" target="_blank">2010 Shanghai World Expo</a> that runs through October.</p><p>Barry Weisberg spends half his year in Shanghai and will cover the Expo for us. He shares his thoughts on the significance of the event.</p><p><em>Barry Weisberg is global cities contributor for </em>Worldview<em>.<em> His commentaries&nbsp;reflect his own views and not necessarily those of </em></em><em>Worldview or WBEZ.</em></p></p> Fri, 30 Apr 2010 14:00:00 -0500 http://www.wbez.org/episode-segments/opening-2010-shanghai-world-expo