Weighing Risks Amid a Wealth Management Boom

A Banker and a Regulator Have Widened the Debate over China’s Popular Wealth Management Sector

Is China’s wealth management business a booming profit volcano for investors, or just another smoke-and-mirrors pyramid scheme?

It’s a question dividing the nation’s bankers and banking regulators as investors of all kinds pour cash into bank-sponsored wealth management products.

The amount of money managed by China’s banks for wealth management clients climbed to a combined six trillion yuan in June, up from just 1.7 trillion yuan at the end of 2009, data from the banking regulator shows.

Recording the Untold Stories of China’s Great Famine

A young man trudges doggedly around his village, notebook in hand, fringe flopping over his glasses. He goes from door to door, calling on the elderly.

The young man has one main question: Who died in our village during the Great Famine?

This is the Folk Memory Project, which has sent 108 young interviewers out to 130 rural villages to gather oral histories. So far, nine of them have completed documentary films about the death toll during the Great Famine of the late 1950s and early 1960s in their own villages.

Exclusive: Hu Jintao Set to Step Down as Military Chief

Outgoing President Hu Jintao will formally relinquish his position as military chief at the end of the 18th party congress this week, according to sources.

His decision to opt for complete retirement surprised many analysts, who had expected him to keep the top job at the party's Central Military Commission.