News stories by Antoaneta Becker

Chinese fengshui masters have been busy advising edgy followers how to optimise their luck in the auspicious but volatile Year of the Dragon, which according to the lunar calendar begins on Jan.23. In the West though, Chinese superstitions about the precarious nature of Dragon years don’t hold court, and 2012 will arguably mark the largest by far Chinese New Year celebrations in many world capitals and major cities.

President Hu Jintao of China made headlines in the early days of the new year saying China and the West were engaged in an escalating culture war, and calling on Chinese people to strengthen cultural production to defend themselves against the assault.

Chinese essayist Zhou Zuoren once wrote that China should be experienced on a small wooden boat slowly gliding on its rivers, taking in its views. But arriving in Shanghai on the country's most advanced high-speed railway leaves little doubt that slow boats are no longer the way to romanticise China of today.

Chinese essayist Zhou Zuoren once wrote that China should be experienced on a small wooden boat slowly gliding on its rivers, taking in its views. But arriving in Shanghai on the country's most advanced high-speed railway leaves little doubt that slow boats are no longer the way to romanticise China of today.

Europe has its Greece moment and China has its Wenzhou crisis. When European leaders were calling on China to step in and provide a lifeline to the eurozone by investing in its bailout programme, voices inside China were saying Beijing should save Wenzhou and forget about Europe.

As China's financial centre and a pinnacle of domestic wealth, Shanghai could have been in the forefront of a home-grown movement against income disparity of the like sweeping New York's Wall Street and London's City.

The European Union’s economic alliance may be embattled and on the verge of collapse but in some parts of the world its integration model is still a beacon. Experts from both sides of the Taiwan Strait — one of the world’s potentially most explosive areas - are studying the conflict resolution experience of the European Union in the hope of taking the precarious relationship between China and Taiwan forward.

When the old Astor Hotel reopened to great fanfare from the local city fathers here in 2010, it marked more the return of the 'Grande Dame of Tianjin' to the city’s growing collection of luxury hotels. It was a travel back to the future. It manifested the city leaders’ eagerness to embrace and rebrand the colonial heritage as a way of boosting Tianjin’s modern identity.

The IMF’s new Chinese deputy chief Zhu Min is known by many in the financial capitals in the West for warning as early as 2007 about the dangers of the U.S. sub-prime mortgage market and its dire consequences for the global economy.

Growing concerns about the slow death of the dollar rather than a saviour’s goodwill are underpinning China’s widely publicised purchases of European government debt, according to experts. But as the Eurozone debt crisis spreads from Greece and Portugal to countries like Italy and threatens the very survival of the euro, China’s finance mandarins and keepers of the country’s 3 trillion dollars foreign reserves are looking yet again at gold as the anchor of stability.