"His motive was just money and sex, mainly sex,”

Kuomintang legislator Lin Yu-fang explains what might have driven Major General Lo Hsien-che, the former head of the Taiwan army's communications department, who has been convicted of espionage and jailed for life.

The Washington Post

“We did not do well. Please believe us, we’ll definitely do better!”

The second attempt at an apology by Shanghai Metro, the company repsonsible for some 250 injuries on Tuesday, when two of their trains collided. The message, which was posted as a microblog on Sina Weibo, replaced an earlier notice expressing "extreme shame and regret." That one was quickly deleted.

The Wall Street Journal

“a wakeup call for the managers of operators, suppliers and planners [...] Shanghai has pushed metro line projects pretty quickly in recent years”

Xie Weida, a professor at Shanghai-based Tongji University’s Urban Mass Transit Railway Research Institute.

Bloomberg

“There have been ups and downs, but the peg has come through for us,”

Hong Kong Financial Secretary John Tsang pledges to keep the territory's currency pegged to the US dollar, a policy that is blamed for inflation in property prices.

Bloomberg

"The banking regulator has been tightening real-estate trust financing. It should only get tighter"

An anoymous executive at a Chinese trust company comments on the governemnt crackdown on a source of funding that brought the real estate industry some 210 billion yuan between January and June.

Reuters

"Our Chinese friends politely said, frankly, we will do our own investment and we will do our own quid pro quo on a bilateral context,"

Kurt Campbell, the US assistant secretary of state for East Asia, describes getting the cold shoulder from China's delegates to a recent Pacific summit on aid and investment.

Agence France Presse