Word: pinging
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...business in the first seven months of this year, Beijing's General Administration of Customs said in a recent report. In the city of Shenzhen, the other major manufacturing center in Guangdong province, 50,000 people have already lost their jobs this year. And in Beijing last week, Zhang Ping, chairman of the National Development and Reform Commission (NDRC), the nation's key economic policymaking body, bluntly warned that "excessive production cuts and business closures will cause massive unemployment, and that will lead to instability...
...least three times a class for the entire semester. Give that kid a hug. A final piece of advice: turn the volume down on your laptop. Nothing says “I’m not listening to a word you’re saying” like the ping of Gchat. That, and snoring...
...former U.S. diplomat in Shanghai who began his career as a translator for a ping-pong tournament between U.S. and Chinese competitors spoke here yesterday on China’s path to modernization. Douglas G. Spelman, who served as Consul General in Shanghai for three years, was the featured speaker for the Neuhauser Memorial Lecture held at Harvard’s Fairbank Center for Chinese Studies. Spelman, who was an East Asian history Ph.D. candidate at the Graduate School of Arts and Sciences at the time that he had his first foray into Chinese-American relations with...
...direct stakes in troubled banks, says economist Arthur Kroeber of Beijing-based Dragonomics consultants. "They have been burned already and will be very cautious," Kroeber says, referring to previous multibillion-dollar investments in companies like Blackstone and Morgan Stanley that have plunged in value. On Oct. 6, Ping An, one of China's largest insurance companies, announced it was forced to take a $2.3 billion write-off on an investment it made in the ailing Dutch-Belgian financial giant Fortis...
...banks have an estimated $12 billion in exposure to subprime debt in the U.S., a figure some analysts believe is understated. Its sovereign wealth funds have lost tens of millions of dollars on poorly timed investments in Blackstone, a private-equity group, and Morgan Stanley. And Ping An Insurance, China's second largest insurer, lost 70% on its $2.7 billion investment in Fortis, the Dutch-Belgian financial-services company that collapsed last week...