BUSINESS
May 20, 2012 | By Richard Verrier, Los Angeles Times
A Chinese conglomerate took a big leap forward into the U.S. market late Sunday by acquiring AMC Entertainment Inc., the nation's second-largest theater chain. It was the latest in a flurry of high-profile deals between the nations' entertainment industries. Dalian Wanda Group said in a statement it had reached an agreement to acquire AMC's 5,034 screens in 346 multiplexes in the U.S. and Canada. AMC, based in Kansas City, Mo., is owned by several investment firms, including JPMorgan Partners, Apollo Investment Fund and Bain Capital Investors.
NEWS
May 19, 2012 | By Lisa Mascaro and Barbara Demick
WASHINGTON - After years of detention and a bold escape to the U.S. Embassyin Beijing, blind Chinese dissident Chen Guangcheng arrived in the United States, a bittersweet moment in a harrowing journey that had touched off a diplomatic crisis and poses continued challenges for U.S.-Chinese relations. The human rights leader and his family were whisked quickly and suddenly out of Beijing, as Chen expressed gratitude but also concerns about the safety of the relatives he was leaving behind in China.
WORLD
May 19, 2012 | By Barbara Demick, Los Angeles Times
BEIJING - On a warm summer night in 1989, a 21-year-old Chinese student waded into the South China Sea from a deserted beach. Still wearing his clothes and Nike sneakers, he swam to a speedboat waiting 200 yards offshore. Wuer Kaixi's role as a student leader in the Tiananmen Square pro-democracy protests had landed him the No. 2 spot on the Chinese government's list of 21 most-wanted organizers. His plan was to escape with the help of activists in Hong Kong, who had arranged for the speedboat, and return to China when things calmed down.
CALIFORNIA | LOCAL
May 18, 2012 | By Richard Winton, Los Angeles Times
The parents of two USC graduate students slain near the campus last month have filed a wrongful death lawsuit against the university, saying the school misled them when it claimed that it ranks among the safest in the nation. Ming Qu and Ying Wu, both 23-year-old electronic engineering students from China, were fatally shot April 11 while sitting in a parked BMW in the 2700 block of Raymond Avenue. No arrests have been made, but Los Angeles police say they believe the killings were the result of a robbery gone wrong.
BUSINESS
May 18, 2012 | By Don Lee, Los Angeles Times
WASHINGTON - The Obama administration ordered tariffs of 31% and higher on solar panels imported from China, escalating a simmering trade dispute with China over a case that has sharply divided American interests in the growing clean-energy industry. The Commerce Department announced the stiff duties Thursday after making a preliminary finding that Chinese solar panel manufacturers "dumped" their goods - that is, sold them at below fair-market value. The widely anticipated ruling, if affirmed by U.S. trade officials this fall, is expected to have significant implications for both the global production of solar cells, now largely in China, and the growth of the solar energy industry in the U.S., which employs about 100,000 people in manufacturing, installation and services.
WORLD
May 18, 2012 | By Barbara Demick, Los Angeles Times
BEIJING - "Beijing power struggle heralds end of China Communist Party," screams one headline. More sensational headlines purport to reveal how the wife of recently sacked Politburo member Bo Xilai poisoned an Englishman, who may have been her lover. And if that weren't enough, other stories claim that "Bo planned airline crash" and "slept with more than 100 women. " It's payback time for Chinese exiles, especially those with a printing press, television station or just a computer at their disposal.