Results tagged “financialcrisis”

• Party Elder Still Jousts With China’s Censors [NYTimes] "For nearly two decades, the Communist Party strove to wipe out the national memory of Zhao Ziyang, the reform-minded party secretary who opposed the use of force against pro-democracy protesters in 1989. So when a former aide of Mr. Zhao’s, Du Daozheng, disclosed in May that he had helped secretly record Mr. Zhao’s memoir for posthumous publication, Mr. Du’s daughter refused to let him walk outside alone for fear of possible repercussions. She need not have worried. On June 25, a top official in charge of propaganda showed up at Mr. Du’s western Beijing apartment with a reassuring message from Zhongnanhai, the headquarters of the Communist Party and the government. Mr. Du said he was told that, as an old friend of Mr. Zhao’s, “Zhongnanhai and party central can understand why you did this.”"
• Olympic chief in ‘secret China deal’ [Times Online] "China made a secret deal with International Olympic Committee president Jacques Rogge to support his election to the post in return for Rogge's lobbying for Beijing to win the 2008 Olympics, according to an explosive new book by China's sports minister at the time, Yuan Weimin. The former minister says Rogge explicitly bargained with him to win Chinese votes at the Moscow meeting of the IOC in 2001, which awarded the games to Beijing and three days later elected Rogge as president."
• China corruption trial exposes capital of graft [Telegraph] "Huang Guobi lost her husband four years ago to gangsters who brutally dismembered him with machetes before beating her senseless. When she took the case to her local police station, she found it was run by the nephew of the gang-leader. As she worked her way up the Chinese justice system, pleading for someone to bring the killers to account, she found each level riddled with corruption. This week, however, 47-year-old Mrs Huang stood outside the Number Five Intermediate People's Court in downtown Chongqing, filled with anger and satisfaction. Around her, 300 other people, many with similar stories, stood waiting for justice to be done. Inside, the first trial of China's largest-ever criminal investigation was under way, the culmination of five months of police work that has turned the city of Chongqing upside down."

Freddie Mae, S&P, Lehman, Goldman, Nikkei and The Intern fight it out to be the ultimate Wall Street Fighter in this hilarious new video clip from the guys at CBFresh.

Forget coming to Shanghai to pick up a cheap knock-off handbag, the latest fashion is for middle-class Chinese to head to the UK to pick up the real thing at knock-down prices.