Word: savvier
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...What's changed? Everything. A series of moves largely orchestrated by China has pricked Hong Kong's democracy bubble. Beijing has become savvier about dealing with the city, seemingly taking into account public opinion even as it increasingly calls the shots. In March, the Chinese leadership nudged Hong Kong's aloof and deeply unpopular Chief Executive, Tung Chee-hwa, into resigning. That paved the way for Tung's No. 2, Donald Tsang, a gregarious, astute career civil servant with the common touch. Beijing has publicly backed him as the best man to run Hong Kong-even though some...
...What's changed? Everything. A series of moves largely orchestrated by China has pricked Hong Kong's democracy bubble. Beijing has become savvier about dealing with the city, seemingly taking into account public opinion even as it increasingly calls the shots. In March, the Chinese leadership nudged Hong Kong's aloof and deeply unpopular Chief Executive, Tung Chee-hwa, into resigning. That paved the way for Tung's No. 2, Donald Tsang, a gregarious, astute career civil servant with the common touch. Beijing has publicly backed him as the best man to run Hong Kong?even though some...
...selection skills have become savvier, the decisions have become more complicated...
...believes that the deals he has done have helped Chinese businessmen become savvier, smarter competitors. He recalls working with a Chinese airline in 1997 that had trouble even calculating its revenue and employed teams of workers to match used plane tickets and payment receipts by hand. Now, he says, Chinese executives can talk high finance with the world's best. "Chinese executives have become much more sophisticated," he says. "The level of understanding of accounting and financial concepts had been much lower." Still, Zhu realizes that Chinese firms face steep hurdles in international business, especially with foreign acquisitions. Chinese firms...
...believes that the deals he has done have helped Chinese businessmen become savvier, smarter competitors. He recalls working with a Chinese airline in 1997 that had trouble even calculating its revenue and employed teams of workers to match used plane tickets and payment receipts by hand. Now, he says, Chinese executives can talk high finance with the world's best. "Chinese executives have become much more sophisticated," he says. "The level of understanding of accounting and financial concepts had been much lower." Still, Zhu realizes that Chinese firms face steep hurdles in international business, especially with foreign acquisitions. Chinese firms...