Word: shanghaied
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...Thursday afternoon, and the aisles at the new Wal-Mart in Shanghai are about as packed as they can get. The food sections are jammed, as are electronics and household goods. Most of the products that fill Wu Jingqing's shopping cart are made in China. But not all of them. In the DVD and CD sections, Wu looks for a children's movie for her 6-year-old. This is the real thing she's buying?a DVD of Beauty and the Beast priced at $1.85 that is absolutely, positively not one of the pirated versions for which China...
...Chinese housewives buying genuine American DVDs at a Wal-Mart in Shanghai is about as close to trade nirvana as it gets for the U.S. these days. If there were more?lots more?Chinese with Wu's buying habits, the strident anti-China rhetoric coming from Washington could be dismissed as election-year political theater, rather than portents of a potentially damaging rupture in the commercial relations between the two countries. Simply put, China sells far more stuff to the U.S.?more than $200 billion last year?than the U.S. sells to China, a situation economists (and many politicians...
...China get do good at making chairs? To find the answer, travel 120 miles from Shanghai to a cluster of villages in the Yangtze delta. Eighteen hundred years ago, an Emperor fond of its forests named the area Anji, which means "peaceful auspiciousness." Until recently, its residents farmed bamboo and grew white tea. Then in 1982, as economic reforms took hold in China, a state-owned factory set up to supply lab stools to a nearby university made the country's first five-wheeled swivel chair. Soon local bamboo farmers pooled their savings to start factories themselves. By the late...
...than-ideal schussing conditions, requires thousands of tons of water in a region already suffering from drought. With Chinese skiers clamoring for tougher runs and posher digs, Western ski-resort companies are scouting out the market?just as foreign golf-course firms did a few years earlier. This week, Shanghai will host the first-ever Asia Pacific Snow Conference, aimed at educating Chinese on everything from managing ski resorts to choosing the best snowboard wax. Canadian ski-resort developer Intrawest Corp., which runs Whistler Blackcomb, says it may start work on up to five new resorts in China...
...moment, though, even a place like Shanghai, hardly known for glacial temperatures, is cashing in on China's ski boom. The city is home to Asia's largest indoor ski dome, Yinqixing (Seven Silver Stars). With a slope that's just 380 m long, the $36 million facility isn't designed for serious ski bums. The steepest section of the hill is only 17 degrees, the snow feels more like Sno-Cone crystals than real powder and there are no lifts?just an escalator that takes skiers partway up the slope. Still, a Yinqixing spokesman says the facility has recorded...