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...simulated sex. In epics such as ?Erotic Ghost Story? and ?Liu Jai: Home for the Intimate Ghosts,? horny demons and succubi preyed on innocent maidens and scholars, and the rite of copulation was a vigorous and elaborate martial art. Until about 1997 - when Britain ceded the colony to Mainland China, and the helium coincidentally seeped out of the cinematic balloon - Cat III films often played to good business in Asian theaters and were fast rentals in video stores around the world...

Author: /time Magazine | Title: That Old Feeling: Hong Kong Horrors! | 11/13/2002 | See Source »

...Supposedly one film provoked the Cat III rating: the Mainland-shot ?Squadron 731,? a/k/a ?Man Behind the Sun.? In this 1988 mondo-docudrama from Taiwanese director Mou Tunfei (T.R. Mous), Japanese scientists experiment sadistically on animals and humans. What gave the picture pariah status was its four-minute sequence of a live cat being thrown to and devoured by a swarm of rats. No stunt doubles were used in the making of this feline Chinese torture-chamber story. Even for a culture whose cuisine embraces dog, monkey and ants, and whose calendar pays homage to the rat every 12 years...

Author: /time Magazine | Title: That Old Feeling: Hong Kong Horrors! | 11/13/2002 | See Source »

...global competitiveness. In its glory days, the city was the undisputed gateway to China, making it an attractive headquarters location for corporations, a boon to office rents. But with China's ongoing opening to the world, some of that allure has been lost to Shanghai and other Mainland cities. Analysts argue prices became so overheated during the bubble that the decline is actually healthy for the city?and the government should leave well enough alone. "Get the pain out of the way and let the market find the natural level," says Nicholas Brooke of Insignia Brooke property consultants. He estimates...

Author: /time Magazine | Title: Scraping the Bottom | 11/7/2002 | See Source »

...cuts an international figure, says company vice president Vienna Wood. Corporate sponsors prefer their hired mouthpieces to be as cosmopolitan as they are recognizable. Besides, the Hong Kong market is small and getting smaller; CD sales have plunged by nearly 60% since 1996 to $96.6 million last year. Inevitably, mainland China is seen by entertainment companies as increasingly important, so record companies want artists with cross-cultural appeal. It's no accident that Chen's contract-signing was announced?with great fanfare and at great expense?not in Hong Kong but in Beijing at Diaoyutai State Guesthouse, the exclusive government...

Author: /time Magazine | Title: A Star is Formed | 10/28/2002 | See Source »

...private chips" has fallen 10% since it was inaugurated in January 2001. That's far less than the 45% fall of Hong Kong's benchmark Hang Seng Index. But p-chips plunged three percentage points since the Yang scandal broke. Because of the lack of transparency and secrecy among Mainland companies, "it is quite difficult to sort out which are the reliable ones and which are the crooks," says Willis Ting, executive director of Tai Fook Capital, a Hong Kong merchant bank...

Author: /time Magazine | Title: China's P-Chip Puzzle | 10/14/2002 | See Source »

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