Word: shanghaied
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...REVIVAL $39 million Cost of restoring the Buddhist Tianning Pagoda in Changzhou, China, which local officials say is the world's tallest 300 million Number of Chinese who practice a religion, according to a survey by Shanghai's East China Normal University
Several years ago I was strolling through an old neighborhood of Shanghai when I spied a scrum of men carrying something out of a darkened doorway. It was a rattan chair on which sat a very agitated granny. She was one of the last holdouts refusing to leave her house, which was scheduled to be torn down to make way for Xintiandi, Shanghai's sprawling outdoor shopping-and-restaurant development. As she was borne out, like some parody of an imperial courtesan in a eunuch-shouldered sedan chair, the Mao-suited woman kept screaming a phrase in Shanghainese. I asked...
...Premiership had a weekly global TV audience of 78 million last season, with broadcasters such as the Fox Soccer Channel in the U.S. and pccw in Hong Kong clamoring for a piece of the action. TV deals that put even the smaller Premier League sides on screens from Shanghai to Chicago are "a fantastic impetus to all clubs," reckons Dan Jones, a partner at Deloitte's Sports Business Group. Foreign channels covering more than 200 countries together stumped up $1.23 billion to air the league for the three seasons beginning 2007-08, paying just shy of double the current amount...
...could learn from the NBA. Rather than basketball teams marketing themselves individually, the NBA represents the collective interest of the league when it sells itself in places like China. "The NBA has the vision, focus and drive that the [Premier League] doesn't," says Terry Rhoads, general manager of Shanghai's Zou Marketing, who has advised both the NFL and the NBA on selling to China. "The [Premier League] clubs are taking the lead and there's no coordinated effort. Right now it's like the children leading the parents when it should be the other way around." Scudamore dismisses...
...reason the Shanghai stock market cratered Thursday is that this has happened before: in the early '90s, authorities in Beijing let inflation get out of hand, and a hard landing ensued. In the first quarter of this year, inflation at 2.7% was at its highest level in two years, and money supply in China has been, in the view of some economists, excessive for quite a while now. Is fine-tuning really an option? Or is this freight train now rolling with such momentum that a messy derailment is likely, if not inevitable? Jun Ma, the chief economist at Deutsche...