Beijing can't clean up the environment, rein in stock speculation, or police its companies. Why the mainland's problems could keep it from becoming the next superpower.

A harsh sentence against a top Chinese regulator underscores Beijing’s alarm over rising incidents of tainted food and pharmaceuticals.

Erica Kerner, Director of Beijing 2008 Olympic Program for adidas China tells us about the company's sponsorship of the Olympic games and its brand strategy of being China's leading sportswear company with over 4,000 retail stores in China by 2008.

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China tells living Buddhas to obtain permission before they reincarnate

Tibet’s living Buddhas have been banned from reincarnation without permission from China’s atheist leaders. The ban is included in new rules intended to assert Beijing’s authority over Tibet’s restive and deeply Buddhist people.

“The so-called reincarnated living Buddha without government approval is illegal and invalid,” according to the order, which comes into effect on September 1.

Katie Couric's  Notebook for August  9th talks about China's one year countdown until the Beijing Olympic games and makes reference to a few points that are rarely spoken out loud amongs those in business circles on the ground in China.