Word: chenge
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...world. No one is yet prepared to crown tagging as a successful business in itself. More likely, tagging will boost online advertising, and search in particular, to a dominant position in consumer retail and commerce. And social networking and the culture of tagging is not without its critics. Eddie Cheng, president of British online yellow pages directory Yell.com, argues that it's much easier to rate a restaurant, say, than a lawyer: "The danger is that 60% of people who record reviews have a negative opinion. That's not great from a service point of view." Still, Yahoo! believes that...
...estimates that a 5% appreciation of the yuan would slice 5-10% off the profits of China-based textile and electronics exporters, because they have narrow margins and little power to adjust their prices. The pinch will also be felt by the many foreign companies operating mainland factories. Tony Cheng, a Taiwan businessman who runs a factory in Shenzhen making Christmas ornaments, calls the revaluation "a big blow...
...Vincent Cheng bristles at the suggestion that ethnicity played a part in his becoming chairman of Hongkong & Shanghai Banking Corp. last month. "I don't see myself as different from my Indian or British colleagues," he says. But Cheng--the former anticolonial student leader who is the first Chinese to head the once colonial bastion--has long defied expectations. After being detained in the early 1970s while protesting for better treatment of Hong Kong's poor, he became an in-house adviser to the colony's British Governor in the late 1980s. Now he will have to prove...
...Jing Cheng, 42, is at the cusp of that effort. Like an increasing number of other Chinese scientists and engineers, the CEO of CapitalBio Corp. has returned from the U.S., where he ran a small biotech company in San Diego, to pursue opportunities at home. An offshoot of Beijing's Tsinghua University (often called the M.I.T. of China), CapitalBio is among an élite group of Chinese life-sciences companies and research institutes. At the Beijing Genomics Institute researchers have decoded the rice genome and worked to find a cure for SARS. CapitalBio has already shown it also plays...
Perhaps so, says Jing Cheng, but not in his industry. Eating lunch by a man-made lake in the shape of a human liver, Cheng says the potential in his business is boundless: "It's very possible that in our lifetimes we'll find a cure for cancer." He pauses and then smiles. "And maybe we'll do it right here in China." --By Bill Powell/Beijing and Sonja Steptoe/Los Angeles