Word: china
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...coal magnate from Shanxi province. "How much does he want for it?" he asked a local real estate agent in late February. When told the answer was $735,000, Yang didn't blink. "I'd like to make an offer." (Read "Bubble Trouble: Why Real Estate Is China's Biggest Headache...
...such tales, conventional economic thinking says, dangerous speculative bubbles are built. And these days not much - aside from the possibility of a double-dip recession in the U.S. - has more economists, international investors, hedge-fund managers and bankers tearing their hair out than the deceptively simple question, Is China's property market a bubble? (See pictures of Shanghai...
...reason for their angst is clear enough: throughout 2009, the most severe global downturn in decades, China's economic growth remained intact. This year, China's GDP will likely 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...
Still, Diaz-Cayeros thinks the CELAC idea may have arrived at a propitious moment. "What's different this time is the threat Latin American economies face from China," he says. "They have to figure out how to better insert themselves in the world community." More regional economic integration is essential. Susan Segal, president and CEO of the Americas Society and Council of the Americas in New York City, says, "We don't know yet if we should be taking [CELAC] seriously." But she too points to fledgling "cross-Latin investment" as a key trend that the organization could further. "Even...
...Cheung is particularly concerned about maternal perpetrators of filicide-suicide in Hong Kong, many of whom have been immigrants from mainland China married to local men. "These immigrant wives aren't eligible for welfare systems or public housing until they fulfill a seven-year residency requirement," says Cheung. "If their Hong Kong husband leaves them, they become stranded." Choi Sai-mui, who plunged with her son from the Tsing Yi Bridge, was one of these women. So was the woman who in 2007 tied the hands and feet of her 12-year-old daughter and 9-year-old son before...