China Economic Review Financial Times: China
Taiwan Economic News
Taipei Times: Business
In this week’s article, I will be taking a foray into the world of East Asian finance, more specifically that of Taiwan and China. Even more specifically, I will be reviewing a number of news sites that specialize in said subject.
As I began this article, the first thing I came to realize was that information regarding East Asian finance was scarce and hardly reliable. The majority of sources I came across were extremely biased and questionable at best. For example, one would expect that the China Economic Review and the Taiwan Economic News would have nothing in common seeing as they how they really don’t get along, but that’s where you’d be wrong. Both sources are completely biased and reek of government influence. A stranger to the Far East could easily read either of these publications and they would probably be painted a picture of utopia. The China Economic Review even goes so far as to post articles such as this, “Worth US$1.5 billion, Zhang Yin built her fortune on scrap paper. Specifically, hauling trashed paper and cardboard from the US to China.” These publications are nothing more than propaganda creating grandiose illusions of their real selves. Anyone who has been back to China or Taiwan within the last decade knows what I’m talking about. China and Taiwan have made some great improvements over the years, but the struggle is far from over. Riddled with economic and political vices, China and Taiwan are from perfection.
Now, on the other end of the side of the spectrum is the Financial Times. This publication is one of my favorites when it comes to China and finances. Without a resource like this I never would have discovered stocks like PTR or SNP, and trust me, at the time, they were a gold mine. Financial Times is arguably the best at what they do, and I’d be fool to argue. Their coverage is expansive, detailed, and informative. The Taipei Times is nowhere near as powerful as the Financial Times, and honestly, I would much rather be using the latter to research Taiwan, but my assignment requires that I report upon four sources, so I must. The Taipei Times seems unbiased and presents both sides of the story. Although not quite as comprehensive as the Financial Times, It provides unbiased reporting towards Taiwan’s finances and may prove to be of limited use in correspondence with other resources.
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