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Chinese banks issued fewer new loans in September than anticipated, despite the Chinese central bank cutting interest rates. Continued signs of economic slowdown are particularly worrisome for the government as it heads into its 18th Party Congress this month.
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The Nobel Prize for Literature went to Chinese author Mo Yan last week. While State-run media have lauded the award, other Chinese have criticized the award on account of Mo Yan's toeing the line of the Chinese Communist Party's propaganda department. "Morally and politically, I think this will have devastating consequences," blogged one prominent journalist.
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Bo Xilai, the disgraced CCP leader, will possibly be punished by suspended death sentence. State-run Xinhua News Agency went on to name the probe into disgraced Chongqing Party secretary Bo Xilai as a "major case".
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The Chinese regime has quadrupled its defense spending over the past decade, according to a US study released on October 15th.
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In this episode we take a look at the 101st anniversary of the Republic of China.
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NTD Corner
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The Diamond Jubilee.
Joe Wang, president of NTD Canada, was awarded the Queen Elizabeth II Diamond Jubilee Medal at a fundraiser for the Canadian Centre for Abuse Awareness (CCAA) on Oct. 11, 2012.
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NTD continues its 2012 Competition Series with the International Vocal Competition, October 17-21, at New York's Carnegie Hall. Marcello Giordani, "arguably the best of his generation," will perform with the winners in the finale performance.
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Shen Yun Performing Arts Orchestra will make its debut at New York's Carnegie Hall on October 28.
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