Word: citicizing
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...already doing photo shoots for magazines, so I thought, 'Why not?' I didn't want to look back at 65 and wonder 'what if?'" Ultimately, Chen opted to sign not with EEG but with Century Elements, the new artist-management and recording subsidiary of China International Trust & Investment Corp. (CITIC). The deal was championed by Li Bolun, chairman of the company and another of Chen's father's friends...
This is more than just an important year for Larry Yung: 1997 is the culmination of his career, one that is about to become vitally important to Hong Kong's 6.3 million residents. Mainland-born, Yung is founder and chairman of CITIC Pacific, China's most powerful conglomerate in Hong Kong. He is also the eldest son of Rong Yiren, Vice President of the People's Republic. Yung has parlayed those connections into an empire that spans property, aviation, telecommunications and civil works. During the predicted buying spree in Hong Kong before and after the colony reverts to Chinese sovereignty...
...conglomerate Swire Pacific and the China National Aviation Corp., owned by Beijing's aviation authority. CNAC was set to launch an airline to rival Swire's Cathay Pacific; Yung prodded the British firm instead to sell the mainland intruder a controlling share in Cathay's regional DragonAir. In January, CITIC Pacific paid $2.1 billion for 20% of Hong Kong's British-controlled electricity company. Beijing denied this was the next step in China's takeover of Hong Kong's main industries. Maybe so, but Yung is shaking up the colony, and 1997 has just begun...
...close banking relations with China, where $400 million in assets were frozen after the bank's offices were shut down in July. Abedi's bank had been the first Western-style bank allowed to operate on the communist mainland, in part because of Abedi's early support of CITIC, the Chinese investment company that is the doorway to China's military-industrial complex. China, starved for hard currency, has thus far not signed the Nuclear Nonproliferation Treaty or missile-technology-limitation agreements...
...times, Tiananmen looked like the site of a corporate jamboree: supporters of the hunger strikers paraded around the square, their placards and signs bobbing up and down, proclaiming the presence of CAAC (China's civil airline), CITIC (China's largest investment company) and PICC (people's insurance company). Held aloft beside them were the ubiquitous signs inscribed sheng yuan (support the students) or HUNGER STRIKE -- NO TO DEEP-FRIED DEMOCRACY. Other signs had a distinctly American provenance. I HAVE A DREAM, said one, echoing Martin Luther King Jr. Another amended the words of Patrick Henry: GIVE ME DEMOCRACY OR GIVE...