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...With reporting by Lin Yang / Beijing...

Author: /time Magazine | Title: Why Government Intervention Won't Last | 11/25/2008 | See Source »

...charges brough against Wong. A year later, Gome announced that the investigation was completed, and its founder was never charged. His recent troubles make him the latest high-profile tycoon to run afoul of authorities. The ranks of recent years' rich lists read like a police blotter. In 2003 Yang Bin, an agribusiness and real estate tycoon once named the mainland's second-richest man, was convicted of tax evasion and sentenced to 18 years in prison. Gu Chujun, once head of a leading appliance company, was ranked China's 20th richest businessperson by Forbes in 2001. In January...

Author: /time Magazine | Title: Why Not to Be the Richest Man in China | 11/25/2008 | See Source »

...town has sprouted. Nearly 4,000 residents from the mountainside village of Tangjiashan, which was destroyed in a landslide, now live in makeshift houses, among which Luo Xiqun, 22, runs a tiny shop selling soft drinks, beer, hot sauce, instant noodles, cooking oil and toothpaste. She and her boyfriend Yang Yong had planned to marry this year. Then the earthquake struck, flattening their house and burying their wedding nest egg. At the time, money was the last thing on Luo's mind. "I wanted to live," she says. "No one else in the same building made it out, but somehow...

Author: /time Magazine | Title: Rising From the Rubble of the Sichuan Quake | 11/20/2008 | See Source »

That survival instinct remains. Luo and her family put aside nearly every cent they earn. Her fiancé leaves each morning to find work on reconstruction projects. Although unemployment is as high as 80% in some areas of the Sichuan disaster zone, Yang says he doesn't have much difficulty finding jobs. Indeed, his 50-year-old father works with him, but the family wonders how much longer the father can handle manual labor. So Luo runs her small shop to save money for the future. "We don't have plans," she says. "We don't know where we will...

Author: /time Magazine | Title: Rising From the Rubble of the Sichuan Quake | 11/20/2008 | See Source »

RESIGNED Jerry Yang, 40, the Yahoo! co-founder who took over as CEO a year ago, said he would step down Nov. 17. Beset by criticism after Yang rejected a buyout bid from Microsoft, the ailing search company saw its shares jump 8% the day after his announcement...

Author: /time Magazine | Title: Milestones | 11/20/2008 | See Source »

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