Word: penge
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Dates: during 2000-2009
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...cost hundreds of thousands of workers their jobs. Makers of low-end goods are already suffering. The Guangdong city of Huidong was home to 3,000 shoe factories at the beginning of 2007, but as many as 500 of them have closed over the past 15 months, says Li Peng, secretary of the Asia Footwear Association in Hong Kong. One-sixth of 44,200 textile firms tracked by the China National Textile and Apparel Council lost money last year, and two-thirds are just breaking even. "Manufacturers' profits are so low that when they hit the slightest snag, they have...
...cost hundreds of thousands of workers their jobs. Makers of low-end goods are already suffering. The Guangdong city of Huidong was home to 3,000 shoe factories at the beginning of 2007, but as many as 500 of them have closed over the past 15 months, says Li Peng, secretary of the Asia Footwear Association in Hong Kong. One-sixth of 44,200 textile firms tracked by the China National Textile and Apparel Council lost money last year and two-thirds are just breaking even. "Manufacturers' profits are so low that when they hit the slightest snag, they have...
...into promising markets, eHarmony has remained devoted--some would say slavishly--to its research-based model. In China, that means commissioning researchers at Beijing University to find out whether its model--in which 29 "dimensions" such as humor and spirituality are mined for compatibility--applies to the culture. Kaiping Peng, a professor of psychology at the University of California, Berkeley, who is assisting eHarmony, is unsure. "What is the best match might not be about matching exactly," he says. "Maybe it's complementary--like the yin and the yang." Americans are drawn to eHarmony's deeply probing questionnaires because...
...firm McKinsey & Co. estimates that "ending fuel subsidies worldwide would cut demand for transportation fuels by three million barrels a day" - about 3.4%. Meanwhile, the recent shortages have led at least one Beijing resident to rethink his personal fuel consumption. Stuck in line at a gas station Wednesday, Du Peng remarked, "Now I'll have to reconsider my plan to purchase...
...Peng, owner, Hotel 1929 and New Majestic Hotel Singapore has quite a few vibrant ethnic neighborhoods like Chinatown, Little India and Arab Street. If you're after something exotic and unusual from old colonial Singapore, pop over to CK Collections in Little India for amazing period fans and lights. Call first, tel: (65) 9382 3438, or CK might be out fixing or delivering something. I recommend an early dinner of fish-head curry at Apollo Banana Leaf restaurant on Race Course Road, tel: (65) 6293 8682, followed by a long browse at Mustafa, a 24-hour shopping center...