Word: centralized
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...threads his taxicab every day through the epic traffic jams in and around Shanghai, jabbering on his cell phone and muttering under his breath, Yang Jinyu seems an unlikely real estate mogul. But when the government asked him to move out of his central Shanghai home so that the land it was on could be sold for redevelopment, he took the compensation payment and bought an apartment on Shanghai's outskirts. Eight years later, after cleverly parlaying that first asset, the cabbie owns three apartments in the city and has his eyes on something bigger: a lovely five-bedroom, riverfront...
...rise 9% or more, in contrast to a merely subpar recovery in the U.S. and Europe. For thousands of companies across the globe, anything that threatens China's buoyancy threatens their own bottom lines. (Witness the sell-off in the S&P 500 on Feb. 12, when Beijing's central bank raised by a tick the so-called reserve ratio requirement for its banks.) And nothing, not even massive government infrastructure spending, has driven China's growth more than real estate investment...
...Since the start of the year, it has become clear that such concerns are shared by the central government in Beijing, which is seeking to tighten credit growth generally, and property loans in particular. The latest budget report from the Ministry of Finance, released to coincide with the opening of the National People's Congress in Beijing on March 5, draws attention to debt levels being incurred by local governments forging headlong into massive infrastructural and development projects. Even as it was being distributed, Premier Wen Jiabao was telling NPC delegates that the authorities would slow both lending...
Saretsky added that despite the bad weather, Friday’s victories proved that the team will have more success to come, including next weekend’s events at the Stanford Invitational and the Central Florida Invitational...
...lack of a permanent University President and central administration staff in 2006 led officials to delay the launch of a campaign, as the president’s vision is crucial to determining the direction of large fundraising drives. In the past two years, the campaign was again pushed back due to the economic downturn that saw the University endowment contract by 27.3 percent in the fiscal year ending June...