- What does $205.6 million in cash look like? Here are pictures of the cash and guns seized from the Mexico City residence of Zhenli Ye Gon, who is one among six Chinese suspects from a gang, which prosecutors say illegally imported n-acetyl pseudoephedrine. Now, just imagine 205.6 Demi Moores rolling around in it.
- Low-key vibe to Shanghai festival. Despite Sharon Stone’s presence, the opening frames of the Shanghai Film Festival were unashamedly local and curiously low key given the event’s 10th anni.
- Record-setting Sutong Bridge connects today. The bridge totals 32.4 kilometers across the Yangtze River. The main span of 1,088 meters sets a new world record for a strayed-cable bridge. Construction began in June 2003, and is expected to be completed by 2008.
- Successful Negotiation in China: Fool me once, shame on me. If a counter-party lies to you once, they will lie to you again. This is true anywhere in the world, but for some reason, western investors and managers looking to do their first deal in China needs to be reminded of this.
- China commemorates 40th anniversary of first test of hydrogen bomb. The successful test startled the world as it took only two years and eight months for China to develop the hydrogen bomb after it tested its first atomic bomb in October, 1967.
- Inflation is China’s new dragon. China may be getting rich, but soaring prices for pork, chicken, beef, fish, eggs and cooking oils are making many ordinary Chinese feel poorer.
- Lonely path to abortion for women. Nearly half of young women who called the city’s first pregnancy hotline go to hospital for an abortion by themselves without parental support, said officials in charge of the hotline yesterday.
- Death Penalty: China Considers Cash for Clemency. Under pressure to reduce its huge number of annual executions before the 2008 Olympic games, China has been experimenting with commuting death penalties to life sentences in exchange for compensation. But the practice is proving contentious.
- Electromagnet to be used in salvage after bridge collapse in Guangdong. A seven-ton, 9,000-watt electromagnet with an attraction force of 30 tons is to be used to salvage the missing people and vehicles after a bridge collapsed in south China’s Guangdong Province. The magnet arrived at the scene early Sunday evening.
- China: Wang Shuo’s Informer Letter Against Corruption of Censorship Department. Wang Xiao-feng posted Wang Shuo’s Informer Letter to the Supreme People’s Procuratorate against the corrupted practice of T.V program censorship teams. The letter is in the style of parody but captures the reality of censorship practice in China.
- Chinese Nationalism and You – Making the trend your friend. An ounce of prevention is worth ten tons of cure as far as Chinese nationalism is concerned. Here are a few areas where international managers and investors need to be careful.
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Photo courtesy of Procuraduria General de La Republica.