By English Edition Staff
Published: 2008-01-21

Communications Bank to Come Out in Force in 2008
Money and Investment, page 17
On January 16th, the Bank of Communications announced its investment of 380 million yuan into the Changshu Rural Commercial Bank, making it the top shareholder at ten percent stake. At almost the same time, it bought a 33 percent stake in China Fortune Securities. Industry insiders say that these two acquisitions are just the beginning of several that the Bank of Communications will see through this year, which is trying to build up a more integrate operational platform.
Original article: [Chinese]

Chinese Made Cars Making Grand Entrance into US Market
Automobile, page 33
Chinese car makers – such as Geely Holding Group, BYD Auto and Chang Feng Motor – have a big presence at the recently concluded 2008 North America Auto Show in Detroit, stirring concerns among local industry players who are already struggling with competition from Japanese cars.
Original article: [Chinese]

Contemporary Chinese Arts Fetching Sky High Prices
Lifestyle, page 51
Last year was an outstanding year for the Chinese contemporary art scene if judged by revenues--many pieces fetched sky-high prices at international auctions. The emerging trend of art collectingg by Chinese is partly fueled by the burgeoning nouveau riche class and market speculation, causing a bubbling art scene not unlike the property and stock market in China.
Original article: [Chinese]

Thirty Years of Reform: Reflections and Hopes
From Observer, page 41
Five essays cover the past three decades of reform, touching on sustainable growth, rule of law, the Chinese constitution, democratic reforms, privatization, and dualism in Chinese society (二元体制).
Original article: [Chinese]

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