Word: hong
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...fact, despite the challenges he has faced this month and his looming lame-duck status, Hu may actually be at the height of his power, says David Zweig, who teaches political science at the Hong Kong University of Science and Technology. "It takes any new party secretary four to five years just to get the party under control after he takes over," Zweig says. "Having appointed many of his stalwarts to senior (posts), Hu is now probably in a position to exert considerable influence on decisions even after he steps down in 2012 through his control of the Organization Bureau...
When I read Hong Kong Rose a few weeks ago, I recognized the places around the island that Xu Xi wrote about in her novel of transatlantic love, lust, and searching. Seeing it in fiction made Hong Kong more compelling to me and, paradoxically, more real...
...ticks slowly for red and fast for green. This ticking, the throngs pouring out of the subway exits, the escalators with the looping announcement in Cantonese, then Mandarin, then English—“Please hold the handrail” —combine to create the quintessential Hong Kong commute. The fan-wielding dancers under the park shelter, the fishermen holding rods in the downpour, the old woman shaking a metal bowl across from city hall and telling me to get out of the rain, show me that life goes on, even during typhoons...
...There are signs, though, that Beijing may be slowly changing its policy toward the yuan in ways that could, over time, lead to its greater use on a global scale. Most notably, China and Hong Kong launched a pilot program this month through which Hong Kong banks can begin settling cross-border trade transactions in yuan for selected Chinese companies. This step will likely increase the use of yuan in Hong Kong, one of the world's premier financial centers. (The program also solidifies Hong Kong's role as China's chief financial hub.) This step follows a series...
...study, "Swiftlet Birds' Nests: Power, Conflict and Riches," by independent researcher Kasem Jandam. Judging by the number of swiftlet condos appearing in many Thai towns, these figures are probably gross underestimates. In Indonesia, the world's largest supplier, the industry is bigger than Malaysia's and Thailand's combined. Hong Kong, a major consumer, imported nests worth $276 million last year, up from $204 million in 2006, according to the Hong Kong Trade Development Council. (See pictures of how Indonesia is complicating efforts to control the outbreaks of avian...