Word: shanghaies
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...biggest international sporting investment by a Chinese-Hong Kong consortium if it goes through. "It makes sense for the Chinese to look for business in the States, because that's where the investment opportunities are," says Terry Rhoads, managing director of Zou Marketing, a sports-branding consultancy based in Shanghai. "It'll be interesting to see what happens, because the Chinese are going to want to understand the way that American basketball is run, and maybe they can bring some of those lessons back home to apply to Chinese basketball." (See pictures of street basketball in China...
...Jersey Nets' Yi Jianlian tend to go abroad at the first opportunity. Games back in the Chinese Basketball Association league are uninspiring, hampered by poor coaching and a system focused more on rote drills than innovative play. Street play has picked up in recent years in Beijing and Shanghai, but that has yet to translate into a flood of dynamic national players. Despite its home-court advantage in Beijing last year, the Chinese Olympic hoops team made it only to the quarterfinal round before getting trounced by Lithuania...
...manufacturing, and in recent years, the island's companies have for competitive reasons been compelled to open factories on the mainland, taking advantage of a liberalization of Taipei's restrictions on such investments. More than a million people from Taiwan now live in China in industrial centers near Shanghai in the east and in Guangdong province in the south. Direct transport links greatly enhance efficiency and lower costs of doing business across the strait, which could help a Taiwan economy that has struggled in recent years to find new sources of growth. In addition, a warmer China-Taiwan relationship alleviates...
...Indeed, direct links appear to be boosting profits. Eric Kuei, general manager of Fruit Taiwan Corp., says the time to transport his pineapples and other produce to Shanghai from Taiwan has been cut from seven days to three, which means more time on Chinese store shelves and a 20% increase in profits. "After Ma got elected, everything's more convenient for businessmen," says Kuei. In a recent survey conducted by Taiwan's CommonWealth magazine, 60% of the CEOs questioned said that liberalized cross-strait relations were improving Taiwan's economic competitiveness. This positive outlook has helped fuel a 40% surge...
...boutique hotels (including the 20-room Pavilion, just 100 meters from the Royal Palace, and the new Blue Lime). The dramatic, lantern-lit and antique-strewn interior is home to a downstairs exhibition space and an upstairs lounge, where guests enjoy designer drinks and finger food. (See pictures of Shanghai...