Phew! Today's traffic was busy and bustling thanks to the Qingming Festival - that yearly holiday that the Chinese use to pay respects to the dead by sweeping tombs and burning offerings (sometimes, annoyingly, in your stairwells). Shanghai Daily predicted that there would be traffic jams and overcrowded buses. After all, over 1.4 million people and 127,000 vehicles had already gone to and left cemetaries in the past 48 hours and this would have been the day for all the procrastinators and traditionalists to get their business done. Well, if our misguided attempts to traverse Shanghai's streets were any indication, they were right. But anyhow, hope everybody had a happy Tomb Sweep day! [Shanghai Daily] more ›

In an attempt to prevent any kind of market fluctuations and “sell offs” leading up to the Beijing Olympics, the China Securities Regulatory Commission (CSRC), China’s securities watchdog, distributed a notice to fund managers, including Sino-foreign joint ventures, warning fund employees not to say anything publicly that could harm the stability of the market. more ›