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Today's Links: HK stock market plunges, art market plunges, and Chery launching a luxury car

Today's Links: HK stock market plunges, art market plunges, and Chery launching a luxury car

  • Time to Board China's Infrastructure Train [Barrons.com] "Around 250 Chinese cities are planning to build new subway lines by 2015; the city of Changshang in central China alone is investing 22.4 billion yuan in two new subway lines." Changshang?
  • China says U.S. provoked naval confrontation [LA Times] "China blamed the United States on Tuesday for a naval confrontation in the South China Sea over the weekend, contending that an American surveillance vessel was illegally conducting activities in China's special economic zone."
  • Hoops in the Far East: A primer on China's basketball development [Sporting News] "Indeed, Yao has been away from the CBA long enough to have lost some perspective on it. But, in the coming years, the league figures to grow in importance. As crises in older economies around the world deepen, belt-tightening already has seeped into the basketball universe, with some players having trouble getting paid in Europe and with the NBA taking out a loan to prop up half of its struggling teams. China, though, is on the uptick, which figures to give its league more sway in the future."
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