Hao Hao ReportThe best China news and blog posts

Kaiser Kuo's review of QQ currency and fears of it contributing to RMB money supply and inflation, and also stock price manipulation for Tencent. Virtual currency fans should read this!

Conservatively, 80% of my students had no idea that today was the big day and half of that number thought Barack Obama was either a Japanese card game or the starting forward for the Miami Heat.

With skyrocketing oil prices, escalating labor costs in China, and an appreciating currency there, companies targeting the US market are doing the math and giving Mexico another look.

The Asia Society compiled a nicely presented video of policy leaders from across Asia saying which US presidential candidate is viewed most favorably in their part of the world.

Barack Obama won hands down in countries across the region.

"The eruption of the U.S. sub-prime crisis has exposed massive loopholes in the United States' financial oversight and supervision," writes the commentator, Shi Jianxun, "The world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States."

In all, we have full confidence that Sino-American relations could reach a new high that will benefit both countries and the world as a whole, as President Obama takes the helm. Washington-Beijing ties must continue to be considered as one of the most important bilateral relationships.

For foreigners above 18 years it is valid for 10 years. Because the Ministry of Public Security issues the card, it is valid throughout China. With a passport and the Card one can go in and out of China freely. So the Card saves the time and expenses needed to get a visa. It can also be used separately as a legal certificate to stay in Beijing.

From How the World Works: Is China really more advanced than the U.S.? Or is it just willing to play more fast and loose with unproven medical technologies? Certainly, many Western doctors think the latter is the case, and clinical evidence of beneficial results is scant. But for every U.S. doctor shaking his or her head in dismay I can show you a blog post by a patient who has undergone stem cell therapy at Nanshan Hospital in Shenzhen and who will testify that he feels better.

If China’s leaders were ever wondering what else to do with the country’s massive foreign currency reserves, BHP Billiton has just given them one idea: take US$130 billion or so and buy Rio Tinto. BHP’s offer last week to merge the two companies by offering three of its shares for every one of Rio Tinto’s has put the giant mining company in play, and China is the ultimate strategic buyer. China should seize this opportunity, for both offensive and defensive reasons.