Limited Impact of Sub-prime Crisis on China 
China's financial markets have been unaffected by the sub-prime loan crisis that has hit Western ones in recent weeks. Meanwhile, the central bank continues to focus on excess liquidity.
Original article: [Chinese]

Breaking the Real Estate Deadlock 
As the government doubles its efforts to cool off real estate, prices keep breaking new highs. The EO interviews three experts to discuss what the government should do, two of whom agree that a new property tax is a promising policy choice.
Original article: [Chinese]

Nation 

Bringing Down the Tuo River Bridge 
On the eve of its completion and after four years of construction, Hunan province's Tuo River bridge collapsed in a matter of moments, killing 69 people and injuring many others. Three main causes are cited: First, the well-known company that built it, Hunan Road and Bridge, won the rights with a low bid against fierce competition. Two, to lower costs even more, they subcontracted work out to small labor outfits who themselves took cost-cutting measures. Three, supervising bodies failed their duties throughout the construction process.
Original article: [Chinese]

Shengpa Typhoon Exposes Housing Inspection Vacuum   
Since touching down on the mainland on August 19, the Shengpa Typhoon has killed 39 people and destroyed 23,000 homes. Most of the deaths were caused by the collapsing of crudely constructed houses. Officials say that housing inspections are virtually nonexistent in these rural areas.
Original article: [Chinese] 

Money & Investment

Chinese Yuan Foreign Exchange Services Come Online 
On August 17 the People's Bank of China made more announcements regarding the banking sector's opening up of foreign exchange services. The services will cover five currencies—the US dollar, the euro, the pound, the yen, and the Hong Kong dollar.
Original article: [Chinese]