Results tagged “onmay”

As you can see to the right, TIME's next cover is dedicated to China. Nothing wrong with that. "Already a commercial giant China is aiming to be the world's next great power," they say. "Will that lead to a confrontation with the U.S.?" Fine, as well. And what is the title of the cover story? You guessed it — "The Chinese Century." There's nothing wrong with the headline, we guess, other than the fact that it is grossly unoriginal (as we pointed out in the summer of 2005). Here's why:

Shanghaiist is no law expert, but we just learned that there are no extradition agreements between China and Hong Kong. Back in 2003, the property tycoon (and then richest man in Shanghai at $320 million USD) Zhou Zhengyi was arrested in Shanghai for falsely reporting the holdings of his company as well as manipulating stock prices, and got slammed with a three year sentence. Here's basically what happened: