Word: shanghaied
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Barbie turned 50 this year, and she's been celebrating her birthday with a whirlwind world tour, christening a new store in Shanghai and strutting the runways of New York's Fashion Week. As curvaceous and sprightly as ever, the petite doll even paid a visit to the nation's capital for a recent weeklong convention, and the reception there proved that much of the world still has a love affair with the leggy blonde. (See TIME's photos: "Barbie Turns...
...world's most populous nation about to get more crowded? Reports surfaced in international media last week that in an effort to slow the rapid graying of the workforce, couples in Shanghai - the country's most populous city - would be encouraged to have two kids if the parents are themselves only children. Shanghai officials have since denied any policy shift, saying this caveat is nothing new, but the contradictory reports are another manifestation of ongoing rumors that Beijing is rethinking the controversial one-child policy that has for the past three decades helped spur economic growth - but exacted a heavy...
Despite rumors in early 2008 that the one-child policy would be overturned, in May of that year China's top population official said it would not be eliminated for at least a decade, when a large demographic wave of childbearing-age citizens is expected to ebb. For some Shanghai couples, at least, a small measure of change has come sooner...
...could knock markets for a loop. These fears are compounded by the possibility that Asia's central bankers will begin taking steps to shut off the money spigots and bring the party to an end. On July 29, rumors that Beijing was on the verge of tightening credit sent Shanghai stocks plunging 5%, their biggest decline in eight months...
...policymakers will not aggressively rein in monetary policy and stimulus measures, out of fear of squashing Asia's fragile recovery while the global economy remains weak. "There is close to a zero possibility that the Chinese government will do anything this year that constitutes tightening," says Andy Rothman, a Shanghai-based economist for the brokerage CLSA. "The recovery is only in its early stages." And without a major shift in thinking, the easy-money conditions will stay in place - so even if there's no bubble now, there's a good chance one may be forming. In a global economy...