Word: shanghaiing
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...inflation have for fomenting social unrest, officials also warned businesses against gouging consumers; in August, authorities accused instant-noodle makers of illegally conspiring to raise prices. Meanwhile, to allay public anxiety about eroding paychecks, Beijing has been encouraging local governments to raise minimum wages, which cities including Beijing, Shanghai, Shenzhen, Guangzhou and Nanjing have done...
...Part of the difficulty for China's central-bank chief, Zhou Xiaochuan, is that the country lacks reliable statistics on which to base economic projections and policies. "They're driving at night without good headlights," says Stephen Green, Shanghai-based economist with Standard Chartered. Another problem is that monetary and fiscal policies are intimately tied up with politics. For example, Chinese President Hu Jintao's centerpiece program of building a "harmonious society" by raising wages and improving state services such as health care for poorer workers plays well with the masses, but may undermine efforts to contain inflation...
...Five years later, a prototype of the jet sits in a nondescript hangar 30 minutes north of Shanghai. Dubbed the Advanced Regional Jet for the 21st Century - the ARJ21 - the aircraft is the fruit of China's first solo commercial aircraft project in nearly 40 years, and it promises to be one of the world's most technologically sophisticated when it takes off for the first time in March 2008. Onboard are the most advanced avionics, propulsion and malfunction-monitoring systems available. With room for 90 passengers (up to 105 in a stretch version), "the ARJ21 will prove China...
...ACAC still has to deliver a competitive airplane. The company is not starting from scratch. It has made parts for both Boeing and Airbus since the early 1980s. ACAC's Shanghai factory was named one of Boeing's best in 2005, and China's engineers have so far set a fast pace in the rollout of the ARJ21. "Staying on schedule is our biggest challenge," says chief engineer Jiang Liping. At full capacity, ACAC hopes to build 50 of the jets a year. The supply chain is state of the art. Fuselage sections are built at factories throughout China - located...
...Brokeback Mountain” and “Crouching Tiger, Hidden Dragon,” adapts Chinese author Eileen Chang’s eponymous short story with exquisite artistic balance, but the film’s visual density simply cannot compensate for its paucity elsewhere. Set in Japanese-occupied Shanghai and Hong Kong during World War II, the film spans the four-year attempt of a Chinese student drama group to assassinate a top Japanese collaborator, Mr. Yee (Asian cinema icon Tony Leung), using virginal Wong Jiazhi (newcomer Tang Wei) as a lure. Wong poses as a well-bred aristocratic...