China’s top legislature passed an ant-money laundering law that includes accepting bribes.
In addition to accepting bribes, violating financial management regulations and financial fraud will also be crimes.
The law will take affect on Jan. 1, next year.
Until now, money laundering meant only drug trafficking, organized crime, terroist crimes and smuggling.
The People’s Bank of China will act […]
Angelia Jolie is considering a lawsuit against the head of a Cambodian aid group.
Jolie’s philanthropic and political advisor told the AP they were considering filing a lawsuit to recover hundred’s of thousands of dollars that were misappropriated.
The Cambodian side says that Jolie had reneged on an agreement by stopping funds for his group.
So…there is a […]
Belgium, Netherlands and Luxembourg want to submit a joint bit for the 2018 World Cup. Do they really plan hosts that far in advance?
The three countries are preparing to submit a bid in January to host the tournament.
In 2010, South Africa gets it. In 2014, some country in South America will host it. That […]
It’s been five years since the idea of allowing private property was brought up with to the National People’s Congress.
Six drafts later and the legislation seems it may be approved in the next full session of the NPC.
The hardline communists are afraid that private ownership would lead to ‘erosion of state control and concentrate more […]
The Chinese yuan is under 8 yuan to a dollar now. And the first time it went under 7.89.
Traders are calling this a psychological milestone and economists are wondering if a stronger yuan is going to produce a reduction in the trade deficit.
The answer is "no."
The US will still buy more from China than […]
Michael Yu’s new Oriental Education and Technology Group is the realization of the "Chinese Dream."
Yu Minhong’s father built a pig pen with rubble - broken pieces of brick, stones, whatever he could gather.
The lesson impacted Yu who has built an English learning empire - the New Oriental Education and Techology Group.
The group has a network […]
China has begun a new 100 days campaign to crackdown on Internet piracy.
The National Copyright Administration said the campaign will crackdown on piracy of:
1. music
2. movies
3. software
4. books
5. private-run game servers
6. tools damaging Internet technological protection (viruses)
The key areas that will be targeted are:
1. Beijing
2. Shanghai
3. Chingqing
4. Jilin
5. Zhejiang
6. Jiangsu
7. Anhui
In an earlier 100-day anti-piracy […]
8 Chinese Laws to Improve Teenage Life and Prevent Internet Addiction
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Chollywood news - Two Hong Kong producers are saying that mainland China needs to establish a film rating system ASAP.
If China does, moviemakers will be able to produce more good films, have more opportunities and explore new themes….and, of course, make more money.
Last year, the Chinese mainland took in about 1 billion yuan ($125 million). […]
ACNielsen took a phone survey in May and June of more than 1,500 repsondents in Beijing, Shanghai and Guangzhou.
The results - private car ownership and the intention to buy a new car are still shooting up.
Just two years ago, only 11% of Beijingites owned a car. Now it is 28%.
Two years ago in Guangzhou only […]
Written by for b5media.
