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Student’s food safety website fuels his fame

SHANGHAI – Driven by a sense of social responsibility, Wu Heng created a website to track China’s food safety problems, a move that has propelled him to Internet stardom as people from across the country have found their way to the site.Wu, 26, is a graduate student majoring in history at Shanghai’s Fudan University. In June 2011,Wu and 34 volunteers launched Zhichuchuangwai (www.zccw.info), which translates to “throw it out the window.”The website, which has recorded over 190,000 hits since being launched, has a databasecontaining about 3,000 news articles on food safety and a map pinpointing the locations ofChina’s food safety incidents.In recent years, food safety has become a growing concern in China, as various deadly scandals such as toxic milk, tainted pork and dyed buns have been exposed by the country’s media, sparking widespread fear.A recent headline-grabbing case revolves around some vendors in eastern Shandong province spraying a formaldehyde solution on cabbage to keep the produce fresh during shipment.On the homepage of the website, the food safety map, which was drawn by Wu himself, reveals the results of an investigation into China’s food safety situation from 2004 to 2011.

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SHANGHAI – Driven by a sense of social responsibility, Wu Heng created a website to track China’s food safety problems, a move that has propelled him to Internet stardom as people from across the country have found their way to the site.Wu, 26, is a graduate student majoring in history at Shanghai’s Fudan University. In June 2011,Wu and 34 volunteers launched Zhichuchuangwai (www.zccw.info), which translates to “throw it out the window.”The website, which has recorded over 190,000 hits since being launched, has a databasecontaining about 3,000 news articles on food safety and a map pinpointing the locations ofChina’s food safety incidents.In recent years, food safety has become a growing concern in China, as various deadly scandals such as toxic milk, tainted pork and dyed buns have been exposed by the country’s media, sparking widespread fear.A recent headline-grabbing case revolves around some vendors in eastern Shandong province spraying a formaldehyde solution on cabbage to keep the produce fresh during shipment.On the homepage of the website, the food safety map, which was drawn by Wu himself, reveals the results of an investigation into China’s food safety situation from 2004 to 2011.

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Student’s food safety website fuels his fame

Banking

Bow to Beijing a low move by HSBC

HSBC has put money before morality to back China’s new security law: one that’s an assault on the freedoms of Hong Kong’s people.

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Luckily for HSBC, it’s headquartered in Britain: a country where you can say what you like about Boris Johnson and his shambolic handling of the pandemic.

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Banking

How China’s role in global finance has changed radically

Within the space of just 15 years, China has gone from being the largest net lender to the world to now being a net borrower. The implications for the global economy, and China’s role within that economy, could be significant.

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‘If you owe the bank $1 million, you have a problem. But if you owe the bank $1 trillion, then the bank has a problem’. It’s an old gag, but it underscores an important point: the size of your borrowing or lending can have profound implications for your role in the world.

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Could China’s financial repression be good for growth?

China’s financial reform and development over the past four decades could be described as strong in establishing financial institutions and growing financial assets, but weak in liberalising financial markets and improving corporate governance.

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When China began economic reform in 1978, it had only one financial institution — the People’s Bank of China. As a centrally planned economy, the state arranged the transfer of funds and there was little demand for financial intermediation.

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