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CHINA JAILS ONE OF ITS BILLIONAIRES PENDING PROSECUTION
Posted by julian on February 22, 2010 in Politics
More music to my ears; founder of Gome Electronics, Huang Guangyu languishes in jail somewhere in China awaiting trial for bribery, corruption and share manipulation. From humble beginnings he built Gome into the largest retail electronics chain in China. In 2006, he was forced to sell off 25% of his holdings in the Hong Kong [...]
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WHEN WILL WE HEAR THE REAL TRUTH ABOUT CHINA?
Today’s L.A. Times at long last gave its readers a look into what is really going on in China. During the first half of 2008 companies of all sizes making goods of all descriptions closed down at the rate of nearly 11,000 per month during the first half of the year. Chinese economists are predicting [...]
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