Tag Archives: Bank of China

Two crooked Chinese bank officials convicted in the US

Two former managers of a branch of the Bank of China in Kaiping, Guangdong Province, were sentenced to 25 and 22 years by a US District Court in Nevada.

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40 million new poor

China raised the poverty line from annual income of 1067 RMB to 1300. The change of the measurement caused a two-fold growth of China’s poor people: from 40 million to 80 million.

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Danwei Picks: Profile of a successful literary website

Taco Bell leaves Shanghai; Paper Republic profiles Heilan, an online literary magazine; marriage and morality; Bank of China denies sub-prime problems.

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