Word: jing
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...Chinese government views this blue-chip IPO parade as essential for economic modernization. "The government wants a healthy equity culture to gradually develop in China," says Jing Ulrich, managing director of China equities at JPMorgan in Hong Kong, "because allocating capital more efficiently is central to the ongoing reform process." The government has outsized influence over large Chinese corporations for a simple reason: most being brought to market are state owned. Encouraging big, well-known companies to make their shares available to domestic investors-who have very limited access to markets abroad-makes sense. China's equity markets have...
...mistreatment of restaurant workers at a number of well-known eateries has recently prompted public outrage. At Saigon Grill, Ollie's and Jing Fong in New York City, delivery workers walked off the job in protest of wage and tip policies. More than two dozen city restaurants have been sued over the past year, and legal action has also been taken against restaurants in Florida, Kentucky, New Jersey and Rhode Island. "We have in our restaurant community a great many ethnic restaurants owned and operated by people for whom English is not their first language," says Chuck Hunt, Executive Vice...
...Chen Jing was one of the lucky ones. The 56-year-old retiree, who lives in Shanghai, dabbles a bit in local stocks, exchanging investment tips with what she calls her "mah-jongg friends," a group that gets together each week to play and chat. Just before the Chinese New Year holiday last month, one of her friends spoke ominously of rumors that China's government was planning a crackdown on stock speculation, including a possible tax on capital gains. Over the past 18 months, Chen's small portfolio had almost doubled in value as the Shanghai market shot straight...
...Chen Jing was one of the lucky ones. The 56-year-old retiree, who lives in Shanghai, dabbles a bit in local stocks, exchanging investment tips with what she calls her "mah jong friends," a group that gets together each week to play and chat. Just before the Chinese New Year holiday last month, one of her friends spoke ominously of rumors that China's government was planning a crackdown on stock speculation, including a possible tax on capital gains. Over the past 18 months, Chen's small portfolio had almost doubled in value as the Shanghai market shot straight...
...each year. It would take a particularly stupid or evil group of leaders to put that glittering prize at risk in a war. Those in Taiwan who favor independence--including its President Chen Shui-bian--have singularly failed to win the support of the Bush Administration. "China," says Huang Jing of the Brookings Institution in Washington, "is now basically on the same page as the U.S. when it comes to Taiwan. Neither wants independence for Taiwan. Both want peace and stability." China's military buildup is best seen as a corollary of changes in Chinese society. Where Chinese military doctrine...