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...sponsor, a fertilizer and fireproof-material conglomerate called Xiyang Group, pulled out of a contract two years early. If Yao's ownership deal does go through, as expected, it's not clear how much input Yao will have in shaping the team. Although he is a product of the state-run sports machine that still dictates much of the Sharks' athletic direction, Yao has, in the past, issued oblique criticisms of the creativity-stunting and motivation-sapping style of Chinese hoops. Even if he takes the helm as the Sharks' primary owner, spurring change within a state athletic system...

Author: /time Magazine | Title: Semi-Pro: Yao Ming Buys His Former Chinese Team | 7/16/2009 | See Source »

...similar overthrow attempt seven years ago. Obama reached out to an often hostile Arab world by granting his first foreign media interview as President to al-Jazeera. Clinton's comments may have resonated in Venezuela and Latin America more effectively had she shared them with Telesur or other state-run Venezuelan...

Author: /time Magazine | Title: The Honduran Crisis: Making Chums of Chávez and Obama? | 7/16/2009 | See Source »

...Fast-forward to the present and the 7-ft. 6-in. center faces bench time because of a foot injury that some speculate could end his career. What to do but follow the Chinese dream and become a successful businessman? On July 16, Yao's agent told China's state-run media that the 28-year-old Shanghai native is buying his former Chinese basketball team, the Sharks...

Author: /time Magazine | Title: Semi-Pro: Yao Ming Buys His Former Chinese Team | 7/16/2009 | See Source »

...Secrecy in China's criminal-justice system has made it difficult to find out the specifics of the charges against Rio Tinto employees. But China Daily, a state-run newspaper, reported yesterday that the multinational company's representatives allegedly bribed officials from 16 Chinese steel mills who were participating in negotiations over iron-ore prices. The story quoted an unnamed manager at a large steel company who said that Rio Tinto paid for industry data, which was "an unwritten industry practice." Rio Tinto officials denied its employees stole state secrets and said the company's ethics policies forbid bribery...

Author: /time Magazine | Title: China's Rio Tinto Case Gets Uglier | 7/16/2009 | See Source »

...State-run media and sound trucks were rebroadcasting a speech by Xinjiang's Communist Party Secretary, Wang Lequan, encouraging residents to focus their anger on "outside forces" rather than on Uighurs. "Comrades, this sort of action is totally unnecessary," he said of the Han street mobs. "Our government forces are enough to defeat the evildoers...

Author: /time Magazine | Title: Tensions Remain As Chinese Troops Take Control in Urumqi | 7/8/2009 | See Source »

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