Calm handover of top China post
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HONG KONGâChina&#39;s Communist Party has completed its first peaceful transfer of power, announcing the retirement yesterday of Jiang Zemin as chairman of the powerful Central Military Commission.
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The move completed the first orderly transfer of power in Communist Party history, state media announced.
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Los Angeles Times - BEIJING &#8212; More than a year after becoming China's president, Hu Jintao was handed the full reins of power Sunday when his predecessor, Jiang Zemin, gave up the nation's most powerful military post.
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Chinese President Hu Jintao has consolidated his position at the top of China&#39;s hierarchy by assuming authority over the country&#39;s armed forces, in addition to his political posts.
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China is committed to revamping its  foreign exchange regime and further relaxing its capital  account controls, central bank governor Zhou Xiaochuan said on  Saturday.
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(InfoWorld) - "I have sent my wife across there because she understands the language," The Financial Times reported News Corp. Chief Executive Officer Rupert Murdoch saying. "There" is China, and he sent Wendi Deng "across" to try to avoid the pitfalls that have ensnared other Western Internet ventures, including News Corp.'s. I had to laugh when I read that, after I stopped shaking my head in disbelief. After knocking on China's door for years, Mr. Murdoch has clearly learned nothing. Sending a representative who carries no portfolio for the company except a wedding ring isn't going to impress anyone in China, regardless of where she was born or what language she speaks. That "send the Chinese guy" strategy worked so well for Yahoo Inc. they no longer own their China unit and their coffers are $1 billion lighter. The one- or two-day "parachute" approach so many CEOs use isn't any better. Fortune 500 CEOs pay lip service to their and their companies' commitment to China on a daily basis, and it's wearing thin, especially on the Chinese. "We're in it for the long-term," "we're here to stay," "China is such an important market for us" -- stop me when you've heard enough, because people here certainly have. If foreign companies are committed to the Chinese market, then it's time to demonstrate that in a meaningful way. The CEOs need to lead a China initiative the same way they would back restructuring, going green, or any other major corporate project. Today I issue the China CEO Challenge: as CEO of a non-Chinese company, show your commitment to the China market by moving here for a year. Establish your personal headquarters in a major Chinese city (Hong Kong doesn't count). Business travel is permitted, but for one year, your home and office are here. For extra credit, have your board meetings in China too. My guess is that if Eric Schmidt parked it in an office overlooking the Bund or the Forbidden City for a year, China's perspective of Google would change and vice-versa. He should spend some time trying to use his company's sites on a regular ADSL connection, and slamming his fist against the desk when some of them are blocked. When pictures of him sitting at the corner shop slurping down beef noodles start showing up in local newspapers, it'll win hearts and minds. I'd bet the first CEO to do this will be European. There was a rumor a couple of years ago that Volkswagen's CEO was going to spend half the year in China and half in Germany, but it never happened. The opportunity is still there. If the U.S. or European or your other home market is more important, that's fine. But then stop saying how committed you are to China because sitting in the same traffic, using the same Internet connections, and eating the same food is the real price of admission.
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BEIJING - Chinese Premier Wen Jiabao yesterday pledged to improve the leadership of the Communist Party at a time when its popularity is waning.
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A meeting of China&#39;s ruling Communist Party is due to close later on Sunday amid reports military chief Jiang Zemin will complete a long awaited leadership transition by handing the army over to President Hu Jintao.
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China is committed to revamping its foreign exchange regime and further relaxing its capital account controls, central bank governor Zhou Xiaochuan said on Saturday.
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President Hu Jintao ( è¡é¦æ¿¤ ) could ease China&#39;s hardline stance on Taiwan and Hong Kong now that his predecessor Jiang Zemin ( æ±æ¾¤æ° ) has retired but major policy changes are unlikely, analysts said yesterday.
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Chinese greeted the news on Sunday that ageing leader Jiang Zemin had retired from politics for good with kind words about the outgoing commander-in-chief and high hopes for the future under his successor, Hu Jintao.
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Former president Jiang Zemin gave up  the top job in China's military on Sunday, handing over his  last post to Communist Party chief Hu Jintao to complete a  historic leadership transition to a younger generation.
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China's Communist Party opened a four-day, closed-door meeting on Thursday that will decide whether military chief Jiang Zemin completes a leadership succession by passing on his last post to party chief Hu Jintao.
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Asia's financial markets got off to a calm start to the week on Monday with investors waiting to hear from top central banks what to make of the turmoil that has kept markets on edge for weeks.
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China is willing to promote flexibility of its currency, but it will keep the yuan "basically stable at a reasonable, balanced level," Vice Premier Wu Yi said on Thursday.
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WASHINGTON Jiang Zemin&#39;s surprise resignation of his chairmanship of China&#39;s Central Military Commission on Sunday marks a critical turning point in an otherwise murky and uncertain process of leadership succession in Beijing that began nearly two years
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China's Communist Party is due to wrap up a four-day meeting on Sunday at which military chief Jiang Zemin is expected to give up his last post, completing a historic leadership succession.