Word: chengdu
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Dates: during 2000-2009
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...dark shades and friendly hipness, he is too cool to plead totally guilty to that charge. "Romanticism means you follow your heart more than your mind," he said last week as he alighted in Hong Kong during a hectic promotion tour that took him to Shanghai, Chengdu, Guangzhou and Beijing. "If that's the case, my films are 75% romantic; the other 25% is the realities, the problem solving and luck." As for himself, he laughs and says he's "60% romantic." Which sounds like the other 40% is talking...
...risk that attempts to curtail overly optimistic investments by clamping down on credit will be ineffective, because local lenders may not heed Beijing's edicts. For a nation that was once completely command controlled, the central government has surprisingly few ways to compel regional lenders to obey orders. In Chengdu, for example, capital of Sichuan province 1,500 kilometers from Beijing, a branch of the China Construction Bank recently approved loans to upgrade a steel mill in the town of Panzhihua. Jiang Wen, chief of the bank's business-development department, says the mill already has local-government approval...
...most of those who French describes are resigned to life under Chinese occupation, although their eager questions about the Dalai Lama prove that nationalism isn't totally dead. In Chengdu, watching elaborate rallies celebrating 50 years of communist rule in China, French asks a Tibetan how he felt. "I suppose I was expecting ... a neat speech about the theft of his birthright and the pain of being a Tibetan caught in a false, imposed culture," French admits. But he got a simple, tragic response: "I feel nothing...
...state-owned enterprises are muscling in on the initiative. In Chengdu last year, a government-owned machine-tool company was saved from bankruptcy after local bureaucrats ordered one of the city's four credit-guarantee offices to back loans to the factory. Officials feared that if the company closed, laid-off workers would raise a fuss. The case is not an isolated incident. Yan Guosong, general manager of a Chengdu loan-guarantee agency, estimates that more than half of government-backed business loans are now going to state enterprises. "The central government created guarantees to help small businesses...
...grassroots social uprising. The number of jobs created in China barely keeps up with the armies of workers laid off by failing enterprises?and angry, laid-off workers are the biggest threat to the country's stability. Sichuan has seen its fair share of trouble: last June, traffic in Chengdu came to a halt on two occasions when workers held a protest about unpaid salaries; in September, 800 oil refinery workers in Chongqing demonstrated over paltry severance payments...