Word: shange
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...With many of China's 60 million registered investors sharing Chen's sense of outrage, the pressure on the country's new stock cop is palpable. Shang Fulin, a little-known technocrat, landed in the hot seat last week when he was named chairman of the China Securities Regulatory Commission (CSRC). His challenge: to impose order on a stock market that a leading Chinese economist once described as worse than a casino (because "at least casinos have rules"). Shang arrives at a precarious juncture. Even as China's GDP has grown 8% annually, its market has sunk more than...
...President [Chen] didn't think that it would be proper for him to meet Wang Dan," Shang said...
...event to take place, "there was no choice in the matter," Shang said...
...Shang said that when Wang came to the door, "We told him President Chen didn't want...
Wang Dan said he did not press for entrance, and thought Shang "got some pressure from higher levels...