Word: shanghaies
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...reduce emissions, that number could rise to 87,000 as soon as 2012, according to a 2009 report co-written by Corbett. Since six of the seven busiest ports in the world are in Asia, the health burden falls largely on port cities like Singapore, Hong Kong and Shanghai...
...Hong Kong is not the first city to have green ships. Captain Cook Cruises in Sydney's harbor has been running a hybrid Solar Sailor ship since 2000. In Berlin, the mayor christened a solar ferry in July, and Shanghai will have its own Solar Sailor ferry by the start of the 2010 World Expo. Founded in 1999, the company's innovative designs won the Australian Design Award of the Year, and Solar Sailor became the first Australian company recognized by the prestigious Tech Museum Awards. The inspiration for the solar sails, says Robert Dane, CEO of Solar Sailor...
...there have been signs of a thaw and hints that the two countries, prodded by Washington, would reopen a dialogue that has been stalled since the Mumbai terror attacks last year. On June 16, Indian Prime Minister Manmohan Singh and Pakistani President Asif Ali Zardari shook hands at the Shanghai Cooperation Organization summit in Russia, where Zardari acknowledged that Pakistan's greatest threat was the Taliban - a remarkable admission for a country that has long considered India its most dangerous neighbor. Indian authorities, meanwhile, may soon start talks with the Hurriyat separatists. But every gesture of reconciliation - most recently, meetings...
...Thursday's Financial Times. Qin said he didn't think "a quick, steep bounce driven by fiscal fixed investment is a good thing for China," adding that the current loose monetary policy should shift to neutral. On Thursday, Hong Kong's Hang Seng Index dropped by 0.5% and the Shanghai Composite Index fell 0.6% on concerns that China would begin to tighten monetary policy in response to fears of expanding bubbles in real estate and financial markets. (See pictures of China's infrastructure boom...
...spending a solid economic pillar. Chinese are still among the world's biggest savers, in part because of the lack of good public systems for retirement pensions and health insurance. "Most economists think they've overdone investment and underdone consumption and spending for social welfare," says Stephen Green, the Shanghai-based head of research for Standard Chartered Bank. "There will be a price to pay. No one knows how big that will be. The bet is they'll grow through it. That's the bet they're taking...