Word: mainlanders
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...Like many students from mainland China, Chen, a native of Beijing, had to navigate the application process largely on her own. A loose network of friends, including other applicants, served as guides—even encouraging her to apply in the first place...
...latest candidate for such a fall is Wong Kwong Yu, 39, the chairman of mainland electronics retailing giant Gome. Wong, named by the Hurun Report last month as China's richest man with an estimated net worth of $6.3 billion, was detained last week on suspicion of fraud, Chinese media reported. According to a report in the financial magazine Caijing, Wong (his name is also spelled Huang Guangyu) is being investigated for manipulating the share prices of Shanghai-listed Shandong Jintai Group, a medical company controlled by his brother, Wong Chung-yam. (See pictures of what money...
...investigation was completed, and its founder was never charged. His recent troubles make him the latest high-profile tycoon to run afoul of authorities. The ranks of recent years' rich lists read like a police blotter. In 2003 Yang Bin, an agribusiness and real estate tycoon once named the mainland's second-richest man, was convicted of tax evasion and sentenced to 18 years in prison. Gu Chujun, once head of a leading appliance company, was ranked China's 20th richest businessperson by Forbes in 2001. In January, he was convicted of falsifying corporate reports and sentenced...
...another orange speck flickers on the radar screen, the captain gently pushes his twin-engine Lambro up to 30 knots. Two hours into an overnight patrol, the coast guard boat glides nearer its invisible target in the narrow strait separating the Greek island of Lesbos from mainland Turkey. The 36-ft. (11 m) cruiser slows as it draws close to its quarry, and its four Greek sailors gather at the front windshield. One of the men trips the Lambro's floodlights. Bobbing in the open sea 50 feet away are five young men, shielding their eyes from the sudden beam...
...Kong, like much of the rest of Asia, has been booming for several years; between 2004 and 2007, GDP growth averaged more than 7%. The economy was propelled forward by closer ties to China after Hong Kong was handed back to Beijing by Great Britain in 1997. Millions of mainland tourists flooded the city and spent their newfound wealth in Hong Kong's famous luxury shops. A rush of Chinese companies looking to tap international capital markets turned to Hong Kong's stock exchange, solidifying the city's status as a world-class financial hub in step with New York...