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...caregivers of the victims. One frightening exception to this pattern of transmission is the outbreak at the Metropole Hotel in Hong Kong's down-at-the-heel Mongkok district. Six ill-fated guests on the hotel's 9th floor appear to have caught the disease from semiretired medical professor Liu Jianlun. He is believed to have been solely responsible for carrying the disease from Guangdong into Hong Kong in mid-February, after reportedly catching it while treating patients at a Guangzhou hospital. Scientists think Liu, 64, came into close contact with his fellow guests at the Metropole either while waiting...

Author: /time Magazine | Title: On the Trail of an Asian Contagion | 3/23/2003 | See Source »

...Turned away by banks, Sichuan's budding entrepreneurial class must rely on unconventional lenders, including pawnbrokers and loan sharks, to meet its capital requirements. Liu Qingrong, for example, borrowed money from friends and family to set up a Chinese medicine factory in 1992. Within two years, her traditional remedies were outselling those produced by her biggest state-owned competitor by a margin of 5 to 1. But her rival, which was backed by local officials, still received every advantage, including governmental assistance to raise capital via a stock-market listing. "It was bitter medicine," Qingrong recalls...

Author: /time Magazine | Title: Betting on the Wrong Horse | 2/10/2003 | See Source »

...than borrowing money from pawnbrokers that have become China's de facto commercial lenders. The booming city of Chengdu, Sichuan's capital, is home to some 200 pawnbrokers. Don't think of them as sleazy purveyors of rusting bikes and busted TVs. The tiled floors and tawny sofas of Liu Jianjun's Building China Pawnshop suggest a bank lobby, and rightly so. His loans, which can run up to $1 million each, mostly go to private businesses...

Author: /time Magazine | Title: Betting on the Wrong Horse | 2/10/2003 | See Source »

...Moreover, it is often a pain to lend to small firms. Their owners show up in bank lobbies with account books that frequently combine grade-school math with Enron-style deceptions, making it nearly impossible to place a value on their operations. Liu Binbin has seen it all as a lending supervisor at the Chengdu City Commercial Bank (C.C.C.B.), one of a hundred or so such banks set up over the past several years across the mainland specifically to lend to small companies. One applicant, the owner of a factory that makes pickled vegetables, visited Binbin's office recently with...

Author: /time Magazine | Title: Betting on the Wrong Horse | 2/10/2003 | See Source »

...Though its pace drags and its tone is too unvarying, the movie shares the sweet melancholy of the novel. Both versions evoke a wistful longing for the irretrievable drama of youth. Teenage pals Ma (Liu Ye) and Luo (Chen Kun), inheritors of the bourgeois crimes of their doctor parents, are sent for re-education to the primitive if not remarkably picturesque mountain village of Phoenix on the Sky. The work is tough and the conditions harsh. Even worse, all books are banned?except little red ones. Western music is equally verboten as Ma, the film's violin-playing narrator, discovers...

Author: /time Magazine | Title: Sentimental Education | 2/2/2003 | See Source »

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