BEIJING—Former Houston Rockets star Yao Ming has stepped down as head of China’s struggling national basketball league. An eight-time NBA All-Star, Yao had been leading efforts to commercialize the top-tier 20-team Chinese Basketball Association Management Company since his appointment in 2017. A notice on the CBA’s website thanked Yao for his service. It gave no…
The Great COVID-19 Vaccine Bribe
Many readers of this Substack have doubtless wondered why their “health care providers”—i.e., doctors, repeatedly exhorted them to get the COVID-19 vaccines and boosters. In my extended social circle, I heard many reports of doctors being downright pushy about it—as though getting the COVID-19 vaccine was the single most pressing matter of medicine and health….
Ex-head of Moutai Sentenced to Life in Prison for Taking Bribes
September 26, 2021
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Asia & PacificbribeBusiness & EconomyChinaChina Business & EconomyCompaniesKweichow Moutailiquor giantWorld
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A Chinese court sentenced a former chairman of liquor manufacturing giant Kweichow Moutai to life in prison for accepting $17.5 million in bribes. Yuan Renguo, who served on the board of Kweichow Moutai, was convicted on Thursday of taking bribes between 1994 and 2018, according to a statement from a court in the southwestern Chinese…
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