Word: shanghaies
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...years, Germany Inc.'s best promotional vehicles have been the world-class luxury cars the country produces. Shiny Audi, BMW and Mercedes-Benz cars are like mobile billboards for excellence, from New York to Moscow, Buenos Aires to Shanghai...
...Hong Kong's Hang Seng index continued its weeklong swoon, falling 7.19% after recovering slightly on Thursday. Korea's Kospi index fell 4.13%, while India's Sensex lost 7% of its value after plummeting in morning trading. China was not spared. The CSI 300 index, which tracks both the Shanghai and Shenzhen exchanges, was down 4.43%. Singapore's main index fell 7.72% amid economic news that the island state has slipped into recession for the first time since 2002. In a speech Friday, Singaporean Prime Minister Lee Hsien Loong predicted a continued "rough ride" for Asia. "The world is caught...
...Marks & Sparks Goes East. The British retailer Marks & Spencer has a homegrown following devoted to its gourmet food halls and no-nonsense children's clothes and underwear; now the store is expanding its reign overseas to Shanghai, where it has opened the first of 50 stores planned in China. The 40,000-sq.-ft. store sells everything from mens' and womens' clothing to over 1,000 lines of food including fish pies and molten chocolate cake. So if you're ever jonesing for Yorkshire pudding in Shanghai, head to West Nanjing Road...
...Shanghai East International Medical Center, a joint venture between the privately owned U.S. Health Management Enterprises of Los Angeles and China-based Shanghai East Hospital, caters to the city's Westerners, according to CEO Paul Workman. A study conducted by Hewitt Associates, a global human-resources-services company, revealed that 55% of companies plan to boost the number of expats they employ this year, a 2% increase over 2007. About 21% of China's expats are Westerners, whose private insurers and employers often pick...
...With reporting from Massimo Calabresi / Washington, Bill Powell / Shanghai and Michael Schuman / Hong Kong...