Word: honge
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...David Bowers' Astro Boy, an animated feature based on Osamu Tezuka's 1951 manga series that spawned a TV cartoon series from the '60s. (I confess I never saw it, because I was out doing stuff that decade.) The new version, streamlined and Americanized, but with animation from the Hong Kong company Imagi, lacks the brand recognition of the big CGI studios, but the movie has its charms. It's fun, encyclopedically derivative and pretty darned affecting. (See TIME's pictures "Animated Movies: Not Just for Kids...
...financial turbulence," Qin Xiao, chairman of China Merchants Group, wrote in Thursday's Financial Times. Qin said he didn't think "a quick, steep bounce driven by fiscal fixed investment is a good thing for China," adding that the current loose monetary policy should shift to neutral. On Thursday, Hong Kong's Hang Seng Index dropped by 0.5% and the Shanghai Composite Index fell 0.6% on concerns that China would begin to tighten monetary policy in response to fears of expanding bubbles in real estate and financial markets. (See pictures of China's infrastructure boom...
...product grew by a healthy 8.9% in the third quarter, from the same period a year earlier. Inflation in China "will rise faster than in most other major economies and will therefore justify earlier and stronger-than-expected rate hikes," wrote Jun Ma, an economist at Deutsche Bank in Hong Kong, in a September note. Concerns are also mounting that continued loose monetary policy in Asia could fuel dangerous and unstable asset price bubbles, especially in property. There has been some speculation in financial markets that South Korea's central bank could raise interest rates in the coming months...
...make Asian exports more expensive - a consequence policymakers in the region's trade-dependent economies might wish to avoid. "Unless you are really forced to do something independent of the Federal Reserve, you are probably not going to go that route," says Duncan Wooldridge, an economist at UBS in Hong Kong...
...Rockit opened doors and proved that a festival format was possible in Hong Kong," says Justin Sweeting, Clockenflap's artist-relations manager. "The fundamental difference is that Clockenflap is a festival with film, art and ecological components as well as music...