Word: beijingers
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Abe's woes are especially galling because when he became Prime Minister last September, it seemed he could do no wrong. Although known as a staunch nationalist, his first act was to visit Beijing and Seoul, patching up strained relations with Japan's key trading partners. But foreign-policy coups...
Beijing's golden resources mall ought to be a shopper's paradise. Built on the city's outskirts in 2004, the Art Deco-style center boasts a staggering 6 million sq. ft. (560,000 sq m) of retail space, making it the world's second largest mall, 30% bigger than...
None of the Chinese developers contacted by TIME for this story would agree to an interview. But real estate consultants and market observers say developers too frequently adopt a "build it and they will come" mind-set. Feasibility reports or market surveys are rare. Plans often stress sheer size over...
What developers didn't count on, though, was stingy consumers. Despite the country's rapid economic gains, the average citizen has little to spend on frills. Per capita annual income remains below $2,000. The average household saves more than 25% of its pay, in contrast to Americans, who in...
Beijing can't wait for Chen's term to be over - and not just because of its treasured Olympics. There is another prize as well. Both the KMT's presidential candidate, former Taipei mayor Ma Ying-jeou, and the DPP's nominee, former Premier Frank Hsieh, support improved ties with...