Update 1: Martti Ahtisaari wins the 2008 Nobel Peace Prize

A fitting laureate for the PEACE PRIZE...
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Last month, Rumours surfaced that the shortlist for the 2008 Nobel Peace Prize includes several Chinese dissidents, among them my former colleague Hu Jia. With the world media buzzing in synchrony, he was tipped to be the favourite candidate. But will he actually win the prize? Is so, what would it bring to the development of civil society in China and to the already fragile China-West relations?

We will have to wait and see. The name of this year's laureate will be announced at 9:00 GMT today.