Results tagged “economiccrisis”

"Financiers have the least conscience in the world when it comes to making money... By saying that, I would have offended many bankers and financiers, but this is my personal experience."  

George Soros was in Shanghai a few days ago and gave a lecture at Fudan, and then went off to meet his old buddy, Alibaba head honcho Ma Yun, in Hangzhou, where he talked without notes and generally enthralled people with his guru-ness. According to Soros China is the bomb and is already recovering from the financial crisis even as the rest of the world still founders, and yeah, he put Alan Greenspan in his place, and yeah those yangmei (Chinese bayberries) are delightfully delicious. Oh, and one of the articles had this interesting intro:

• China says Obama should not meet the Dalai Lama [Associated Press] “China said Thursday that President Barack Obama should not meet the Dalai Lama, the exiled Tibetan spiritual leader, when he visits the United States in October. Although a meeting has not been confirmed, every president since George H.W. Bush has met the Dalai Lama, raising the ire of China, which says the Nobel Peace laureate is bent on splitting Tibet from China. "We firmly oppose the Dalai's engagement in separatist activities in any country under whatever capacity and under whatever name," Foreign Ministry spokeswoman Jiang Yu said when asked to comment on a possible meeting.”

• Arrests made over audio porn [Shanghai Daily] "City police approved the arrest of a Shanghai native surnamed Gong, 30, the general manager of ilisten.cn, for allegedly making a profit by spreading pornography. Other suspects in custody include two of Gong's employees - a local in charge of the company's technical department, and an Anhui Province native who worked in the department. A 23-year-old Shandong Province woman surnamed Ma was caught in Beijing. She was allegedly hired to record some of the audio books, police said."
• The world’s most lucrative social network? China’s Tencent beats $1 billion revenue mark [VentureBeat] "A billion dollars in revenue in a single year? Not even MySpace, currently the most profitable social network outside China, has managed to accomplish that. But publicly traded Tencent, a leading Chinese web portal, instant message client, social network, game developer and more has done it, and largely through the use of virtual goods and other 'Internet valued-added services,' like avatars, dating services, online memberships, music and community sites."
• Dissident warns Taiwan on China [Taipei Times] Yuan Hongbing (袁紅冰), a Chinese democracy activist living in exile in Australia, yesterday warned Taiwanese to beware of the Chinese Communist Party’s (CCP) “two-faced” approach to diplomacy. Yuan made the remarks at a press conference in Taipei after 15 Chinese academics were blocked from leaving the country to take part in a conference on the development of liberalism in China, despite calls for more cross-strait cultural and intellectual exchange by the Chinese leadership.