Li Erliang, Editor-in-Chief of China Youth Daily, a newspaper owned by China Youth League, was sacked, Hong Kong newspaper Wen Hui Po reported. Li was replaced by Chen Xiaochuan, editor of Freezing Point, a weekly additional edition of the newspaper. Li’s removal wasn’t elaborated by China Youth Daily, and the reason behind this is also […]
Read MoreFrom Bloomberg: China’s wealthiest lavished 500 million yuan ($63 million) on Hennessy X.O spirits, Porsche sedans, South African diamonds and other luxury goods during a show in Shanghai, double the value of transactions a year ago. Top Marques, a four-day show that has its origin in Monaco, attracted 12,000 visitors last week with exhibits of […]
Read MoreBelow is a letter from 100 people, led by Liu Xiaobo, appealing for the unblocking of Century China (www.cc.org.cn), an online community of China’s intellectuals. For many days since July 25, 2006, Chinese intellectuals and other netizens have been living in misery because the Web site that had been their spiritual home for six years, […]
Read MoreFrom Financial Times: The only declared candidate in the race to become Hong Kong’s next chief executive has identified the territory’s conservative business ¬≠community as the primary obstacle to democratic reform and says his long-shot candidacy will “expose the absurdity of [Hong Kong’s electoral] system”. “The main obstacle in the way of universal suffrage in […]
Read MoreAs China’s foreign-exchange reserves and money supply growth continue to increase, pressures on interest rates and exchange rates are mounting. Read the story from The Wall Street Journal: China’s foreign-exchange reserves, the world’s largest, rose to just below $1 trillion at the end of September, while money-supply growth eased, according to data issued Friday. As […]
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