• 'Empire of the Sun' author J.G. Ballard dies [USA TODAY] "Writer J.G. Ballard, best known for the autobiographical novel Empire Of The Sun, which drew on his childhood detention in a Japanese prison camp in China, died Sunday, his agent said. He was 78."
• No-Drama Obama China Policy [JLM Pacific Epoch] There is no split in the Obama administration when it comes to China policy. Non-naïve, non-ideological, clear-eyed and serious engagement is where this relationship is headed. It looks like Obama will be coming to China after the APEC meetings in November. Look for the White House to use its star-power to reach out directly to the Chinese people.
• Porsche Introduces a Luxury Sedan to the Chinese Market [NY Times] "Company executives said that the car would start at $89,800 in the United States and more, sometimes much more, in countries with higher taxes. The turbo version with a V-8 engine will cost 2.5 million yuan, or $366,000, in China, which has stiff import taxes and heavy taxes on family vehicles with large engines."

Porsche's Panamera Turbo is a soon-to-be-released sports sedan, a German-produced rocket of a car that puts out a whopping 493 horsepower, rockets from 0-60mph in 4.0 seconds, and only stops accelerating at a mind-numbing 188mph. So why, given Shanghai's never-ending traffic problems, should you care? Because you could be one of the first to see it! more ›