In China’s unbridled marketplace, you can pay $5 for soap made from human breast milk, $800 to take a cosmetics CEO out during Christmas and $430,000 for a purple Bentley convertible once owned by a corrupt official.
Mobile phone repair shops in major cities like Beijing and Shanghai have sparked curiosity on sidewalks and social media by offering the service, which appears aimed at the many aspirational Chinese device users who can’t afford the roughly $200 premium attached to large-capacity iPhones….(read more)
Source: China Real Time Report – WSJ
HONG KONG – The year’s most powerful typhoon slammed into southern China on Sunday evening, forcing hundreds of flight cancellations, shutting down shipping and putting a nuclear power plant on alert after pummeling parts of the Philippines and Taiwan with heavy rains and fierce winds.
Typhoon Usagi veered away from Hong Kong at the last minute and made landfall northeast of the former British colony. Forecasters had warned earlier that it posed a “severe threat” to the southern Chinese city.
Usagi — Japanese for rabbit — was classified as a severe typhoon, packing sustained winds of 109 miles per hour, with gusts of up to 132 mph. Read the rest of this entry »