Jack Ma, the founder of Alibaba Group, is the richest man in Chinese mainland with his net wealth increasing to $19.5 billion this year, according to Forbes. His fortune exploded after Alibaba's record initial public offering in New York which raised about $25 billion.
Japanese Prime Minister Shinzo Abe has said the economy is on a slow recovery, going by the data for October, despite low consumption levels, and declining auto production and sales.
A Chinese saying goes "the adult children shouldn't go too far away for the sake of the aged parents". Unfortunately sometimes tragedy does happen when people don't follow such advice.
Corruption corrodes the foundation of society, including its economy.
Some museums in China have turned to their collection of cultural relics for inspiration to design modern cultural products.
Many uniforms worn by college students during military training are discarded after being used for the two-week compulsory training program. This is a huge waste given that a large number of students enter college each year in China. It's time colleges made better use of these uniforms, says an article on guancha.gmw.cn. Excerpts:
In a break from a decade-old protocol, Tanzanian President Jakaya Mrisho Kikwete was driven from Beijing airport in the suburbs to the downtown Diaoyutai State Guesthouse in a motorcade on Oct 21, drawing widespread attention.
Japanese daily Asahi Shimbun has been criticized by rival newspapers and some politicians since it retracted 16 articles on "comfort women" in August. The articles citied the testimony of veteran Japanese solider Seiji Yoshida, who said he had helped abduct about 200 women on Jeju Island (in then unified Korea) to serve in the brothels of Japan's Imperial Armed Forces during World War II.
BAD NEWS FOR SPENDTHRIFT OFFICIALS: Some of their newfound safe havens for extravagant entertainment will soon be unsafe.
While officials have generally restrained themselves under the high pressure of the anti-corruption campaign, many of them have tried to hide their corrupt activities deeper.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
