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May, 28, 2016

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China
Supply-side reform 'needs a big push'
President Xi Jinping urged on Monday to "resolutely push forward supply-side structural reform" as the world's second-largest economy still faces strong headwinds, reflected by its easing economic indicators for April.
 
China's official media reaffirmed on Tuesday the Communist Party's longstanding judgment that the Cultural Revolution was a catastrophic mistake after staying silent on Monday's 50th anniversary of the start of the decade-long upheaval.
 
Tech company LeEco enters China's property industry
Chinese tech company Le Holdings Co Ltd, also known as LeEco and formerly as LeTV, has invested nearly 3 billion yuan ($460.2 million) to tap the domestic property sector.
 
Alibaba to expand its ticketing operation beyond movies
Alibaba Pictures Group Ltd is to expand its online movie-ticketing business into a wider marketing platform, as the Hong Kong-listed company continues its ambitious foray into the entertainment sector.
 
CEO says Apple to help China's apps go global
US tech giant Apple Inc will further speed up efforts to help Chinese-developed mobile applications go global, as local developers reportedly raked in earnings exceeding $7 billion from the company's App Store.
 
Top China official bringing 'caring heart' to Hong Kong
HONG KONG - One of China's most powerful officials tells Hong Kong he brings a "caring heart", in a conciliatory start to a visit Tuesday that has stirred anger in a city that resents Beijing's tightening grip.
 
China barely notes start of Cultural Revolution
Exactly 50 years ago, China embarked on what was formally known as the Great Proletarian Cultural Revolution, a decade of tumult launched by Mao Zedong to revive communist goals and enforce a radical egalitarianism. The milestone was largely ignored Monday in the Chinese media, reflecting continuing sensitivities about a period that was later declared a "catastrophe."
 
Nostalgia for Mao 50 years after Cultural Revolution
Fifty years after Mao Zedong unleashed the decade-long Cultural Revolution to reassert his authority and revive his radical communist agenda, the spirit of modern China's founder still exerts a powerful pull.
 
Sidewalk glued down in HK for mainlander visit
Paving stones in central Hong Kong have been glued down to prevent protesters using them as missiles, as authorities roll out elaborate security measures ahead of a high-level mainland Chinese visit that could stoke resentment over mainland rule.
 
Cultural Revolution demons haunt Chinese billionaire
His father killed himself in prison after being branded a counter-revolutionary, but during the Cultural Revolution Huang Nubo became a Red Guard himself, humiliating and beating others. It was the making of him and his generation, says the billionaire -- yet he dreads a repetition.
 
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