Word: shanghaiing
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...prevent their numbers from being traced. Often, they would be in mid-sentence when a card ran out, and I would sometimes wait months before they saved up the money-and courage-to tell me more. Two years ago, I got a call while at a cocktail party. Shanghai ladies sipped champagne near me, while men discussed the city's frenzied property market. This time, the news from Qixia was good: Sun had been released from jail early. "Hello, English-language journalist," he said. "I am out of jail now." I told him I was very glad-and then didn...
...Qixia village chiefs served as my China reality check. Compared with the days when foreign journalists had to smuggle in ground coffee in their suitcases, my life in China was positively luxurious: I sipped lattes at Starbucks and collected tips on where to buy the best pesto in Shanghai. But every few months, the Qixia men would call with an update, reminding me of some of the grim realities beyond China's caf?s and marble-lined lobbies. Two more village chiefs have been beaten up, they would tell me, one so badly that his arm dangles like a piece...
...Computer Science Harry R. Lewis ’68 wrapped up a week-long speaking tour at Chinese universities last weekend, stressing the value of a liberal arts education. Lewis, a former dean of Harvard College, said that his primary interest in the talks at Hong Kong and Shanghai universities was to stimulate conversation. “I was not proselytizing for liberal education,” he said, adding that he was not adequately informed about the goals of China’s educational system to offer formal advice. “It would be presumptuous...
Only a few years ago, Hong Kong was gripped by panic that the rapidly ascending Chinese city of Shanghai was set to usurp its coveted position as China's premier financial hub. Shanghai's budding stock market and burgeoning financial community were supposed to be the future; Hong Kong, the fusty remnant of a colonial past...
...insurance firms?have made Hong Kong's stock market their No. 1 choice for going public. Why? The imposition of onerous reporting requirements on companies listing in the U.S. in the wake of the Enron scandal has knocked some of the shine off New York, while Chinese bourses in Shanghai and Shenzhen are often considered to be too immature and restricted (foreigners are allowed to trade freely only in certain shares). Besides, Hong Kong has no shortage of local and international investors who love to gamble on IPOs. In October, the Industrial and Commercial Bank of China, the country...