Word: shanghaied
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...exactly that, believe we're being played for suckers. We work hard, play by the rules - and get stuck with the bill. And as this recession deepens - and the economic pain spreads far and wide - that perception is dangerous. I'm just a guy who lives in Shanghai, but from a recent, relatively long visit to the U.S., I think a potentially poisonous populism - a very, very angry populism - lurks just beneath the surface these days. I'm astonished, in fact, that it hasn't really surfaced yet in a more obvious...
...SHANGHAI Christofle's cup and saucer ($74) is selected because of its clean lines
...everyone into the SUVs for the long drive back to Chengdu airport and the evening flight to Beijing. It has been an exhausting business, spending a day in Li's wake. "Oh this is nothing," laughs his personal videographer. "You should have seen the crowds when we were in Shanghai...
...China's richest man with an estimated net worth of $6.3 billion, was detained last week on suspicion of fraud, Chinese media reported. According to a report in the financial magazine Caijing, Wong (his name is also spelled Huang Guangyu) is being investigated for manipulating the share prices of Shanghai-listed Shandong Jintai Group, a medical company controlled by his brother, Wong Chung-yam. (See pictures of what money...
...evasion and sentenced to 18 years in prison. Gu Chujun, once head of a leading appliance company, was ranked China's 20th richest businessperson by Forbes in 2001. In January, he was convicted of falsifying corporate reports and sentenced to a 12-year prison term. And Zhou Zhengyi, a Shanghai-based real estate developer named China's 11th richest person by Forbes in 2002, was arrested the following year on corruption charges. He served three years in prison, and was then sentenced to an additional 16-year term for bribery and fraud. (See pictures of China on the wild side...