From Financial Times: The rule of Chen Shui-bian, Taiwan’s president, was plunged into uncertainty on Friday as prosecutors charged his wife with corruption and said they had evidence that he had abused his office for financial gain. The Taiwan High Court Prosecutors’ Office indicted Wu Shu-chen, the first lady, on charges of corruption, perjury and […]
Read MoreFrom The Christian Science Monitor: In Beijing this weekend, China is seeking tighter ties with regimes reviled in the West. For Chinese officials, this weekend’s summit of more than 40 African leaders is a chance to celebrate Beijing’s booming economic ties with the continent. For Western governments, though, the jamboree highlights a new and troubling […]
Read MoreAccording to a research report, 90 percent of China’s billionaires are children of senior officials. There are about 2,900 senior officials’ children in China, with total wealth amounting to two trillion yuan. Their businesses mainly cover 5 areas: finance, foreign trade, land development, large-scale projects, and bonds and securities. They either own their businesses or […]
Read MoreFrom BBC: A senior executive for Microsoft has said the firm could pull out of non-democratic countries such as China. Fred Tipson, senior policy counsel for the computer giant, said concerns over the repressive regime might force it to reconsider its business in China. “Things are getting bad… and perhaps we have to look again […]
Read MoreFrom Financial Times: Chen Shui-bian, Taiwan’s president, has suggested his country could “freeze” its current constitution and adopt a new one, a move likely to re-ignite tensions with China. Speaking to the Financial Times, Mr Chen said that defining the scope of Taiwan’s sovereignty and territory was “extremely serious, complicated and sensitive, but also extremely […]
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