Word: honge
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...over, and almost everything proposed at the summit had to get past the emerging economies. Case in point: When Sarkozy proposed a global crackdown on tax-heavens, it was Chinese, not American, opposition that cut down the proposal substantially so it could protect financial centers in Hong Kong and Macao...
...nearly two centuries, hundreds of thousands of Gurkhas have been plucked from the foothills of the Himalayas to serve primarily in the British and Indian armies. They have often been given dangerous frontline duties in Hong Kong, Malaysia, Borneo, the Falklands, Kosovo, Afghanistan and Iraq. The British army has awarded more than a dozen Victoria Crosses to Nepalese soldiers over the years, but despite the job's prestige at home, Gurkhas have long complained of being treated differently from native soldiers. For decades, Gurkhas have struggled with the British government for parity of pay, pensions, and perks, and more recently...
...used to in the West. In the U.S. and Europe, we have prettified our rivers, turning city waterfronts into places where genteel folk ride their bikes or snack in the open air. But in Asia - not just in Shanghai, but along the Chao Phraya in Bangkok, or in Hong Kong's harbor - waterways are not pretty at all. They are busy places of work and commerce, the arteries of trade, that age-old process of exchange that, more than anything else, has lifted millions of Asians out of poverty in two generations. (See pictures of China on the wild side...
...things to do in Hong Kong...
...That perceived disingenuousness may come back to bite Beijing, in two ways. "If they're seen as just inventing reasons to prevent big Chinese companies from being acquired, that's going to have a chilling effect on foreign investment," says a senior Hong Kong investment banker. It will also hurt China's own economic interests abroad. The Australian government is reviewing the proposed $19.5 billion investment from Chinalco - China's huge state-owned aluminum company - in Rio Tinto, the world's second largest mining company, as well as a couple of other, smaller deals in the mining sector. But opposition...