Word: xiaochuan
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...Shang's predecessor, Zhou Xiaochuan, was a committed reformer who took over the CSRC in 2000 and tried to give it teeth. (Last week he was rewarded with a promotion to lead the central bank). Nonetheless, investors have been duped in the past couple of years by a string of spectacular stock-market scandals. Consider Lu Liang, for example, who took control of a listed chicken breeder in 1999 and renamed it China Venture Capital. After raising an astounding $650 million from investors, he used 125 brokerage offices to manipulate his firm's shares. Under a pseudonym, he even wrote...
...Kenyan capital Nairobi to Mombasa, village children greet me, with my half-Asian features, by cheering: "China road, China road." In Somalia's capital, Mogadishu, where Zheng He's ships once landed, the city's biggest sports facility is called the Chinese stadium. "It is very simple," says Zhu Xiaochuan, China's economic and commercial counselor in Nairobi, as he sips imported jasmine tea. "Africa needs China economically, and we benefit from them politically...