SalemNews.com, Salem, MA

Nation/World

October 27, 2012

China wants to stop profiteering at temple sites

(Continued)

The man, who would give only his surname, Bai, said he didn’t know whether the latest notice would affect that plan.

The notion that some temples were becoming more about dollars than dharma first came to the fore in 2009 with reports that the legendary Shaolin monastery and martial arts center might sell shares to investors on a mainland or Hong Kong stock market.

The 1,500-year-old temple has become a lucrative business enterprise and holds registered trademarks, but its managers have denied rumors of floating shares and reiterated that denial Wednesday.

Associated Press researcher Flora Ji contributed to this report.

Text Only | Photo Reprints
Nation/World

Local News
  • 140725_ET_PBI_MBRALLY_1.jpg PHOTO SLIDESHOW: MARKET BASKET RALLY Thousands of people converged at the site of the Tewksbury store this morning for another rally by employees and supporters who feel disenfranchised by the ouster of CEO Arthur T. Demoulas by the company board of directors led by his cousin Arthur S. Demoulas.

    July 25, 2014

  • Hamilton church volunteers assaulted in Guatemala

    A local church group returning to Guatemala City airport after eight days of mission work was attacked Tuesday.

    July 25, 2014

  • BREAKING: Market Basket board to consider sale to Arthur T. Demoulas

    BOSTON — Market Basket’s board of directors this afternoon announced it will consider offers to buy the company, including that from ousted CEO Arthur T. Demoulas. His offer will be considered “along with any other offers previously received and to b

    July 25, 2014 7 Stories

  • Drama builds today in Market Basket saga

    July 25, 2014

  • 140721_GT_MSP_MARKETBASKET_04 [Duplicate] Ousted CEO bids for Market Basket Arthur T. Demoulas' offer to buy the rest of the supermarket chain embroiled in a widespread protest and boycott was met with elation, and then a reality check, protest organizers said Thursday. Demoulas announced his offer Wednesday night, though he

    July 25, 2014 1 Photo