Word: li
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...still-incomplete transition from command to market economy, many among the class of workers the country's nominally Marxist-Leninist leaders are supposed to protect?the Lumpenproletariat?are experiencing the very capitalist dystopia Marx envisioned. "There's more economic development than ever before, but workers' rights are overlooked," says Li Qiang, director of the New York City-based rights-monitoring group China Labor Watch. "You can take the name Communist Party and cut it up. This is maximum capitalism...
...decade. Beijing itself may have prompted or even dictated the tone of self-criticism: last month in Macau, Tung and most of his cabinet stood uncomfortably on a stage as Chinese President Hu Jintao instructed the administration to "examine its inadequacies, and continue to raise its competence." Says Dr. Li Pang-kwong, a political scientist at the city's Lingnan University: "Tung wants to limit the scope of contention for the next two years...
...inevitably, the controversy involves money. The government plans to award the entire project-which could cost up to $6.8 billion-to a single consortium, which would build and then run the cultural facilities for 30 years. Three development groups-including a partnership of Li Ka-shing's Cheung Kong Holdings and Sun Hung Kai Properties, the city's largest developer-were shortlisted, and last month, their proposals were unveiled at an exhibit replete with detailed models and video simulators. So far, more than 60,000 people have gone to take a look. "At the end of the day, it comes...
...Five years later, Li's vision?or at least a less grandiose reincarnation of it?may be validated after all. Sixteen months ago, his phone company (rebranded PCCW after the purchase) started offering Hong Kong residents who subscribe to its broadband Internet access a slate of pay-TV channels delivered to their TV sets over the phone lines. Called NOW Broadband TV, the service has made surprisingly rapid inroads, reaching more than 420,000 households?35% of the Hong Kong pay-TV market?in its first year of operation. It took I Cable, Hong Kong's sole cable-TV provider...
...been signing up about 70% of all new pay-TV subscribers in Hong Kong; it will be the city's top provider of pay TV by 2009, according to a recent Goldman Sachs report. "Other phone companies are watching this closely," says Media Partners' executive director Vivek Couto. If Li can revive his new-media business model, maybe others can as well...