Word: mainlanders
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...high ratio even for a fast-growing developing economy-China is causing a serious case of the shakes. The issue isn't simply that the little guys are in danger of losing their savings. It's whether a serious market downturn might blunt, or even reverse, China's growth. Mainland authorities have already made it clear that they are concerned about economic overheating, "and the stock market is part of that picture," says an economist at the China Academy of Social Sciences (CASS). On May 18, China raised interest rates for the second time in two months, marking the first...
...Malibu? In some ways, what's happening in Singapore more closely resembles recent events in Macau, the former colonial enclave on the Chinese mainland that saw its property market and economy soar after the government in 2002 ended a longstanding gambling monopoly and touched off construction of a spate of new casinos, resorts and residential projects. Singapore's actions are having a similar effect. Development is booming and property prices have been soaring. Upscale home prices that averaged about $8,500 per sq m two years ago are expected to reach more than $21,300 per sq m this year...
...Eager to put the island's militarist past to bed, and eager to distance itself further from the Chinese mainland, from which Chiang hailed, Taiwan's ruling Democratic Progressive Party (DPP) is in the process of erasing the Generalissimo from public view. Late last year, Chiang's name was uncoupled from that of the capital's international airport, and, in February, his statues were removed from all military bases. Then, in a stealthy overnight raid, the DPP-led local government of Kaohsiung, Taiwan's second city, dismantled a huge Chiang presiding over the city's cultural center and secreted...
...shrugged. "It's a good place." He nodded toward the red fabric wall of protest slogans. "A person has a right to express himself. This is a democratic society - much better than in mainland China...
...exposure to American Protestantism and its constitutionally mandated religious open market, created a a culture of religious seekers and corresponding "enthusiasms for overnight sensations." "This guy" says Stevens-Arroyo, "is one among Heinz's 57 varieties" on the island, some of whom inevitably reach the Latino community on the mainland. He describes one Miami predecessor from the 1930s known as "La Diosa," who claimed to be an incarnation of the Holy Spirit. Her followers founded spiritual cooperatives: small businesses like laundromats dedicated to her, he says, are still in operation in the city...