Many Chinese are looking for solutions from the father of the People’s Republic, Mao Zedong, amid the economic crisis. Mao's Little Red Book is making an impressive comeback among Chinese students, anxious about their future.
The crowded annual Chinese New Year battle to return home has begun for millions of Chinese people with some 180,000 leaving Beijing each day to escape for often their sole holiday of the year. Chinese New Year 2009 will bring in the year of the Ox.
Chinese authorities have launched a nationwide campaign against major websites "to clean up a vulgar current on the Internet". But many see it as yet another censoring attempt by the Communist party to stifle criticism.
Chinese university students are starting to feel the heat from the global financial crisis as French supermarket giant, Carrefour, Liby, HSBC and Citigroup amongst others reduce their graduate recruitment intake to cut costs.
As the financial crisis rumbles on, investors are on a constant lookout for safe havens, away from the world’s stock markets. Hong Kong’s investors are no exception, and the new investment of choice in the former British colony is fine wine.
