Word: changan
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China then has the oil to provide fuel for automobiles, the metal to build them and the country seems to be ready to shop for car companies. According to Reuters, the chief of China's large Chongqing Changan Auto Co. is prepared to take a vulture-fund approach to buying assets. He said, "The longer the crisis lasts, the bigger the chance of failure or a scale-down of some American and European automakers." It is a brutal but honest assessment of the industry, and a clear and public sign that China believe that "money talks...
...According to The Wall Street Journal, as it has become clear that Volvo will be sold soon, "Companies expected to express interest include Chinese auto makers Geely Holding Group, SAIC Motor Corp. and Chongqing Changan Automobile...
...movement Falun Gong, which is persecuted in China. In fact, the Falun Gong server itself had come under attack by hackers who sought to disable both sites and leave Falun Gong bearing the blame. But the hackers blundered, leaving a digital address traceable to a computer at 14 East Changan Avenue in Beijing?home to China's Ministry of Public Security...
...Bally Total Fitness, a publicly traded U.S. firm with $1 billion in annual sales and 430 clubs in North America, is also looking to ride the boom. The company recently opened a vast 4,500-sq-m complex on Beijing's prestigious Changan Avenue?the first of up to 100 clubs Bally plans to build in China over the next four years through a joint venture with China Sports Industries. Lack of competition is one reason Bally is wading in, says chief operating officer Paul Toback. The corpulent U.S. has 18,000 health clubs. China has fewer than 20 freestanding...
...gleaming shopping mall. When I visit my old neighborhood, I think back to the terrifying scene three days after the massacre when a convoy of troops opened fire on foreigners' apartments. For months after Tiananmen, you could feel the indentations the tanks left in the asphalt of Changan Avenue. I still sense them, though they have long since been smoothed over...