Word: honge
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...been six weeks since He Jun, a Hong Kong-listed company, shuttered two of its biggest factories in China - suddenly and without any warning, former workers say. They were among the latest and largest factory closures in China's battered low-end industries: toy manufacturers, textile companies and shoemakers most prominent among them. China's steadily appreciating renminbi (RMB) currency - which makes Chinese goods more expensive in key export markets like the U.S. - as well as higher costs embedded in a new labor law enacted last year were already wreaking havoc with companies that survived even in the best...
...party to strengthen guidance of public opinion in both new and old media. "This new policy is happening because these incidents are happening more and more often and they realize they can't control the spread of the news," says David Bandurski, a researcher at the University of Hong Kong's China Media Project. Bandurski says the Chongqing case was a textbook example of the new policy, which he calls "Control 2.0." The government attempts to set the agenda on controversial issues by allowing initial reporting by the likes of Xinhua. At the same time, Beijing bars reporters from...
...April 2007, the One Foundation is Li's contribution toward that balance, and for its sake he has taken time out from films, becoming a full-time relief worker and traveling tirelessly on foundation business. This month he is set to appear at a Clinton Global Initiative meeting in Hong Kong. "Philanthropy is my passion and my life now," he says. "I wake up and eat and I'm thinking about it. I'm still thinking in the bath. I talk to everyone I can." It is difficult to name any other A-list celebrity, not even Bono...
...Chungking Express Wong Kar-wai's 1994 distillation of Hong Kong grunge and glamour weaves four top Asian stars (Brigitte Lin, Tony Leung Chiu-wai, Faye Wong, Takeshi Kaneshiro) into a crazy-tender two-part romance. How can nosebleed-high art also provide fizzy delight? Here...
...high-profile convictions indicate that China is still struggling to move beyond its unruly early days of privatization. The prosecutions are "a reflection of the cowboy capitalism, the relatively unregulated capitalism that exists in China," says David Zweig, a China scholar at the Hong Kong University of Science and Technology. "Many capitalist in China made their money either through their relationship with government officials or in somewhat shady deals." For those wealthy few, staying on top can prove more difficult than getting there...