Word: mainlanders
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...never seen hackers work so quickly, with such a sense of purpose. They would commandeer a hidden section of a hard drive, zip up as many files as possible and immediately transmit the data to way stations in South Korea, Hong Kong or Taiwan before sending them to mainland China. They always made a silent escape, wiping their electronic fingerprints clean and leaving behind an almost undetectable beacon allowing them to re-enter the machine at will. An entire attack took 10 to 30 minutes. "Most hackers, if they actually get into a government network, get excited and make mistakes...
...pong, an assistant dean of the faculty of medicine at the University of Hong Kong. That means Chinese patients are more likely than Westerners to visit the doctor for minor illnesses, and when they go, they are more likely to expect some kind of medication. In addition, most mainland Chinese hospitals lack modern diagnostic resources, leaving doctors unable to tell which bacteria might be causing an infection or whether it's even bacterial at all, so they'll dose patients with more than one antibiotic at a time just to be safe?a practice that also encourages resistant bacteria...
...into the hottest and most polarizing topic in the global economy. Pegged to the U.S. dollar since 1994?meaning that when the value of the greenback rose or fell, so did the yuan's?China's currency had come to embody the industrialized world's fears of a hypercompetitive mainland staging a hostile takeover of global manufacturing. Led by the U.S., critics accused China of clinging to the dollar peg in order to keep the yuan artificially weak, making its exports extra cheap and fostering a worrisome trade gap with the U.S. that ballooned to a record $162 billion...
...imports if Beijing didn't revalue?a measure that received an unexpected level of support in the Senate earlier this year?now appears to be going nowhere. Also easing anti-Chinese sentiment in the U.S. were setbacks last week to two attempted acquisitions of U.S. firms by Chinese companies. Mainland appliance maker Haier dropped its $1.28 billion offer for Maytag, and a politically controversial $18.5 billion bid by China National Offshore Oil Corp. to buy U.S. oil giant Unocal has run into stiff headwinds after Unocal's board voted to stick with an improved offer from American company Chevron. Revaluing...
...Indeed, Deutsche Bank estimates that a 5% appreciation of the yuan would slice 5-10% off the profits of China-based textile and electronics exporters, because they have narrow margins and little power to adjust their prices. The pinch will also be felt by the many foreign companies operating mainland factories. Tony Cheng, a Taiwan businessman who runs a factory in Shenzhen making Christmas ornaments, calls the revaluation "a big blow...