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Market analysts believe China’s economy has entered a debt crisis similar to the subprime mortgage risk that preceded the U.S. financial crisis.
Chinese regime media outlets that are controlled by former Communist Party leader Jiang Zemin went into overdrive to deny the allegations published in Lens magazine of torture in Masanjia labor camp. An investigation would bring to light Ziang’s own involvement and sinister legacy related to Masanjia and other forced labor camps in China—more than 300 of them.
The market for private equity (PE) buyouts has largely been stagnant since the recent financial crisis and the subsequent financing freeze.
In late 2012, Chinese consumers surpassed American shoppers as the world’s No. 1 purchaser of luxury goods.
Recently the state-controlled media in China have turned on American computer giant Apple. The company has been taking a public relations black eye for what state-run media say is poor customer service, but Apple’s real crime has been protecting the privacy of its customers, according to sources.
Thousands of “delegates” have gathered in Beijing for two political meetings that will formalize the communist leadership changeover, and give the appearance of voting on a variety of policies.
two factions within the Chinese Communist Party have held one another in a death grip, with neither side able to finish the other off.
While English-language newspapers in New York are labeling Comptroller John Liu a “Liu-ser” in light of alleged acts of campaign fraud committed by his treasurer and fundraiser, the major Chinese-language newspapers in the city continue to support Liu in his mayoral campaign.
