Word: guangchang
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Dates: during 2000-2009
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...number of satellite cities going up around Shanghai alone - and you get a sense of the economic forces at work. To the developers who conjured this place out of nothing, the payoff is as close to a matter of fact as any investment can be. Listen to Guo Guangchang, the co-founder and CEO of Fosun Group - whose subsidiary, Forte, is one of the primary developers here - and the message is clear: if you build it, they will come...
...There are 148 houses and townhouses as well as three 11-story apartment buildings in Emerald Riverside, and Fan Wei, the president of Forte and Guo Guangchang's deputy, says they are all sold. Slowly, as the day draws nearer that the town will be linked to Shanghai, people are beginning to move in. Until recently, one of our neighbors was Zhang Shuyi, 35, who owns his own small advertising agency. He lived just behind us with his girlfriend and a big mutt of a dog who occasionally scared the daylights out of our daughter, Abby. (Zhang, in typical Shanghainese...
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