Word: northeaster
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...second largest economy, with an income per head at a level that China will not reach for generations. The world has never had to deal with a strong China and a strong Japan at the same time. So here's more uncertainty: How will the two giants of northeast Asia handle each other? How will the U.S. - a close ally of one and a commercial partner of the other - ensure that rivalries between them are kept within bounds? the oldest world Did anyone at Davos have anything good to say about the future of Western Europe? If so, I must...
...service, giving the state "total control" over these operations. In other cases, says the report, the North's contribution is primarily to provide a "safe haven" to factories run by overseas counterfeiting syndicates. Three of the factories that are said to be located in the Rajin area on the northeast coast of North Korea are allegedly run or financed by crime syndicates from Taiwan. One of these factories, equipped with second-hand equipment from China, has allegedly counterfeited such brands as Mild Seven, Dunhill and Benson & Hedges. According to the report, another factory in Rajin employed 120 people...
...HSBC is sitting pretty. It boasts the most extensive branch network of any foreign bank on the mainland, with 20 outlets spread from Chengdu in the far west to Tianjin on the northeast coast. The bank has invested more than $4 billion since 2001 to buy stakes in Chinese financial institutions, including nearly 20% in both Bank of Communications, China's fifth largest bank, and Ping An Insurance, its second biggest life insurer. Compared with the same period in 2004, pretax profits in China increased sixfold, to $161 million, in the first half of 2005. As a sign...
...outbreak began in a single chicken in November 2004, and within hours a team from the Ministry of Agriculture had descended upon the tiny village of Chart Charoen in northeast Thailand. Dressed in spacesuit-style protective gear, team members hunted out every bird in the village, slaughtered them all and buried the carcasses in a huge pit. That scene has been repeated countless times throughout Southeast Asia, where bird flu has become entrenched, but in Chart Charoen there was a critical difference. Instead of protesting the destruction of their flocks or hiding their poultry, as owners often do in other...
...Abdullah Badawi, the Prime Minister of Malaysia, offered to host an East Asia summit: ASEAN plus three - the three being China, Japan and South Korea. China's premier, Wen Jiabao, then offered to host the second summit. That would move the center of gravity away from Southeast to Northeast Asia and make some countries anxious. We agreed that we should also invite India, Australia and New Zealand and keep the center in ASEAN; also, India would be a useful balance to China's heft. This is a getting-together of countries that believe their economic and cultural relations will grow...