EDM 1 – Issue 179

Lessons from Europe? Sino-Japanese dispute has parallels with lead up to First World War

Also: how the IPO drought is hurting Chinese private equity; why a spending surge shows rail is back on track; and Wahaha signs up Manchester United for energy drink boost

Plus: former football commentator makes headlines as social critic; Zhang Ziyi says goodbye to martial arts; and Beijing targets kebabs in anti-pollution push