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At the annual meeting of BookExpo America that was held in New York last May, to which most leading U.S. publishers sent representatives, state-sponsored Chinese publishers were named “guests of honor.” Commercially speaking, this made sense. China’s book industry, with sales now reported at $8 billion annually, is the second-largest in the world.1But for U.S. publishers there ....
(Bloomberg) When Zhang Congyuan started his sneaker business more than three decades ago, he couldn’t afford a regular factory, so he converted a pig farm next to paddy fields in western Taiwan. ....