finance

blogs.wsj.com — Chinese stocks are getting crushed today, partly because of a report that the US government's investigation of their accounting is gaining some muscle power.

Youku.com's US shares are off 22%, Spreadtrum is down 13%, Baidu is down 12%, and SINA and Sohu.com are each down 10%. Shanda Interactive is down 7%.

www.dailymail.co.uk — These amazing satellite images show sprawling cities built in remote parts of China that have been left completely abandoned, sometimes years after their construction.

Elaborate public buildings and open spaces are completely unused, with the exception of a few government vehicles near communist authority offices.

www.europeanvoice.com — Greece's decision to turn for help to China first highlights a few disturbing trends for Europe. It looks like Greece will be all right. After years of denial and budget blow-outs that left the country's public finance in a dire mess, it was announced after the summit of EU leaders on 11 February that – in one way or another – the eurozone will support Greece in getting its economy back on track.

www.chinaintelligenceonline.com — Lee Perkins- my colleague- explains why fears that China will suddenly dump its US treasury bonds are largely unfounded.

www.investors.com — China's military is telling the communist bureaucrats who run the country to make things tougher on America by dumping their holdings of U.S. bonds. How foolish that would be, especially for China.