Results tagged “thestandard”

With all the bad press surrounding Steven Spielberg's Olympic boycott, Beijing seems to be scrambling to action to diffuse all the negative publicity by wooing a most unlikely target, the Pope. From Michael Sheridan of the Sunday Times (UK):

TEMPTED by the prize of a historic visit to China by Pope Benedict XVI, the nation’s leaders have authorised a renewed effort in confidential discussions with the Vatican to heal their rift and inaugurate diplomatic ties.

China has moved a step closer to diversifying its US$1.07 trillion in foreign reserves, with the yet-unofficial appointment of two senior officials to head new vehicles that will seek to invest a portion of China's reserves, which are the largest in the world.

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