Word: chen
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...Chen Jing was one of the lucky ones. The 56-year-old retiree, who lives in Shanghai, dabbles a bit in local stocks, exchanging investment tips with what she calls her "mah-jongg friends," a group that gets together each week to play and chat. Just before the Chinese New Year holiday last month, one of her friends spoke ominously of rumors that China's government was planning a crackdown on stock speculation, including a possible tax on capital gains. Over the past 18 months, Chen's small portfolio had almost doubled in value as the Shanghai market shot straight...
...Chen Jing was one of the lucky ones. The 56-year-old retiree, who lives in Shanghai, dabbles a bit in local stocks, exchanging investment tips with what she calls her "mah jong friends," a group that gets together each week to play and chat. Just before the Chinese New Year holiday last month, one of her friends spoke ominously of rumors that China's government was planning a crackdown on stock speculation, including a possible tax on capital gains. Over the past 18 months, Chen's small portfolio had almost doubled in value as the Shanghai market shot straight...
...were shaped by colonial hands. Though prerevolutionary Shanghai's most high-profile proponents of Art Deco were non-Chinese-including Hungarian architect Ladislaus Hudec and the French architecture firm of Leonard, Veysseyre and Kruze-Erh brings to light the forgotten Chinese architects of the period, such as Benjamin Chih Chen, Shen Chao and Chuin Tung, all graduates of the University of Pennsylvania in the 1920s. As founders of Allied Architects, the city's most famous Chinese-owned design firm, the trio was responsible for the imposing Chekiang First Commercial Bank, completed in 1948. Erh also highlights the delightful Chinese Aviation...
...Chen's only recourse now is China's Byzantine petitioning system, a holdover from imperial days that exists in parallel with the legal system. As Li notes, it is rare for a petition even to be accepted by the relevant office, much less be acted on. And in many cases, orders issued in Beijing or a provincial capital as a result of a successful petition are ignored by lower authorities. (Tiangao, huangdi yuan, the Chinese say: "Heaven is high and the Emperor is far away." Beijing has always had enormous trouble enforcing its will in the far-flung corners...
...Both Li and Teng are pretty formidable, too, and remain dedicated to their public interest vocations despite knowing full well what the consequences can be. Last December, Li and three other lawyers took a long distance bus from Beijing to visit Chen. The bus was stopped in mid-journey and a group of seven or eight unidentified men, some of them wielding iron bars, climbed on board and attacked the lawyers. "I keep a positive attitude," Li said, but inevitably such experiences "shake my belief in the legal system of this country." Then Li showed me a picture someone...