Word: shanghaied
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...inevitable. "A lot of the newcomers are going in because the head office says, 'You have to be in China,'" says Wong. But there's a risk that this will lead to overbuilding and that many rooms will go empty in secondary cities. Even in primary markets like Beijing, Shanghai, Shenzhen and Guangzhou, demand may not keep pace with supply. "It's already difficult to get a good location in the gateway cities," says Wong. "Some of the new grand palaces will be pulled off the market later...
...hard to project power with a name like the Shanghai Cooperation Organization (SCO). Certainly, the 10-country Eurasian assembly, which gathered in China's financial capital last week, can't claim the brand recognition of the European Union. But the SCO?which consists of China, Russia, Kazakhstan, Uzbekistan, Tajikistan and Kyrgyzstan, as well as observer nations India, Pakistan, Iran and Mongolia?is rapidly raising its profile. The regional bloc's massive population (more than 40% of the world's total), wealth of natural resources (more than 20% of the world's oil reserves) and strategic location could give considerable influence...
...their direct revenue, Dulwich's schools in China provide the London school with free advertising abroad. While the overall number of foreign students enrolling in Britain's public schools has leveled off, Dulwich has watched its mainland Chinese student population more than double since it set up shop in Shanghai and Beijing in 2003 and 2004, respectively. The key has been the quality of education. While Dulwich's College in Shanghai recruits its faculty independently of its London parent, the majority of its teachers are British. It also follows the English curriculum. "There's a real connection to Dulwich...
Whether Bombay's entrepreneurial energy can be directed toward lifting more of its people out of despair will help define the nation's future. The country's pro-growth Prime Minister, Manmohan Singh, has said he dreams that Bombay will someday make people "forget Shanghai"--China's financial capital, whose modern gleam is a reminder of the gap between India and its eastern rival. Right now it's not much of a contest. India's GDP (gross domestic product) growth was 8.4% last year vs. 10% for China, while foreign investment in India was an estimated $8.4 billion, compared with...
...like visiting the house of a friend. The first time you stay in the living room. But next time, after you become better friends, you go into the kitchen and the basement." CAI WU, Chinese government spokesman, encouraging foreign visitors to venture beyond Beijing, Shanghai and China's coast...