Word: guangyu
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...Gome. Wong, named by the Hurun Report last month as China's richest man with an estimated net worth of $6.3 billion, was detained last week on suspicion of fraud, Chinese media reported. According to a report in the financial magazine Caijing, Wong (his name is also spelled Huang Guangyu) is being investigated for manipulating the share prices of Shanghai-listed Shandong Jintai Group, a medical company controlled by his brother, Wong Chung-yam. (See pictures of what money...
...Chen Guangyu, president of Changqingchun?a Huizhou-based company that makes Sennomoto-Kono, a diet drug linked to three recent deaths in Japan?has repeatedly insisted in the Japanese media that counterfeit drugs were actually the cause. "We have many copycats because we have such a good reputation," says the manager of the company's Beijing office, who identified herself only as Zhao. "We use only Chinese herbal medicines, not chemicals." Japan's Ministry of Health, however, found in recent tests that counterfeits of Sennomoto-kono contained no N-nitroso fenfluramine. Authentic Sennomoto-kono...
...have not neglected the much larger Roman Catholic community. Late in July the Catholic Patriotic Association, China's "autonomous" Catholic church, which was forced to break with Rome in 1957, elected a new "bishop," Michael Fu Tieshan, 47. The appointment was the first since the death of Yao Guangyu in 1964. Chinese Catholics have been cut off from Rome and from the reforms of the Second Vatican Council. (At the only legally open Catholic church, in Peking, the Mass is still said in Latin.) The Vatican has refused to recognize Fu's election. But when Pope John Paul...
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