Word: shanghai
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Dates: during 2000-2009
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...steamy saturday afternoon just outside Shanghai, Zhang Yi is in a blessedly cool General Motors showroom, kicking the tires of the company's newer models. He's not there to beat the heat. He drives a small Volkswagen now and wants to upgrade. A middle manager at a state-owned steel company, Zhang has no worries about his job or China's economy. "Things are still pretty good," he says. "I have no problem now affording one of these," nodding toward the array of gleaming new Buicks nearby. (Read "China's Booming Car Market Shifts into Reverse...
...global companies like General Motors, China is no longer the future. It's the present. Of the world's 10 biggest economies, China's is the only one that is growing, and it could soon surpass Japan's to become the world's second largest. The Shanghai exchange has soared more than 80% this year, by far the best performance among major markets. Nations that depend on producing commodities, such as Australia and Brazil, have benefited immensely over the past six months as demand from China has driven up the price of raw materials. Helped by trade with China, Asia...
...after another round of internal unrest, China chose to modernize its economy and adopted market mechanisms to do so, with astonishing success. Cut (in the movie version of this story) to a shot of the crazy skyline of Pudong from the banks of the Huangpu in Shanghai...
...lites, we often forget, have had economic and cultural links with Europe for 300 years; by the 18th century, the Chinese were producing porcelain for the European market and avidly studying European art and architecture. In particular, says Mitter, the first half of the 20th century - that period when Shanghai was at its peak, but which is routinely dismissed in the thumbnail history - is "really important; the questions about their society that Chinese are asking now are very similar to the ones that they asked in the 1920s and 1930s." (Read "Why China Keeps Picking on Sarkozy...
...Shanghai Easing the One-Child Policy? Reports surfaced in international media that in an effort to respond to the rapid graying of the workforce, some couples in China's most populous city would be encouraged to have two kids. Shanghai officials denied any policy shift, but rumors persist that Beijing might be rethinking its controversial population-control policy...