China records decline in new entertainment companies as Beijing clamps down on industry

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Some 700 companies related to Chinese celebrities have closed since early this year as Beijing moves in to clean up China’s entertainment industry.

Language Learning Advice From An ExpertU.S. women’s soccer star Megan Rapinoe had just gotten her beverage at the bar at the edge of the room. Rapinoe, who looked smashing in her bright red silk Sergio Hudson pantsuit with a royal blue blouse emblazoned with white stars -- she nailed Monday evening’s sartorial theme, American independence -- had just been noting the preponderance of big athletes at this particular gala.

China Evergrande took a step further into potential restructuring of its US$305 billion liabilities after hiring external financial advisers who helped fix major debt implosions, including those at Lehman Brothers and commodity trader Noble Group.

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