Word: shanghaiing
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...issues that the U.S. delegation had come to discuss are not all figments of uninformed American imaginations. For a start, those pirated DVDs of first-run Hollywood movies available for 75 cents on the streets of Shanghai are all too real-despite repeated pledges from the Chinese government to crack down on rampant intellectual-property theft. And China's trade surplus, which rocketed to $177.5 billion in 2006 and has risen from less than 2% of its total economy to around 7% in five years-surely Beijing has something to do with that. But instead of substance, the Americans...
...ominous as this sounds for Detroit, the flipside is that China represents one of the most promising markets for its products. General Motors' market share in China grew to 12.2% through the first nine months of 2006. GM's main Chinese joint-venture partner, Shanghai Automotive Industry Corp., produces Buicks, Chevrolets, even luxury Cadillac CTS sedans, and in 2006 GM's Chinese sales surged 32% to 876,000 cars and trucks, helping fuel profits in GM's Asia-Pacific region. GM expects sales in China to top 1 million units this year - making it one of the few fast-growing...
...know all about the world coming to China--about the hordes of foreign businesspeople setting up factories and boutiques and showrooms in places like Shanghai and Shenzhen. But you probably know less about how China is going out into the world. Through its foreign investments and appetite for raw materials, the world's most populous country has already transformed economies from Angola to Australia. Now China is turning that commercial might into real political muscle, striding onto the global stage and acting like a nation that very much intends to become the world's next great power. In the past...
...lucky to have a deep pool of talent directing our China coverage. Our Beijing bureau chief, Simon Elegant, was born in Hong Kong, has degrees in Chinese history and language, and has written two novels about China. Bill Powell, who lives in Shanghai with his wife, a native Shanghainese, was formerly Newsweek's bureau chief in Moscow, Berlin and Tokyo and FORTUNE's man in Beijing. Hannah Beech, another fluent Chinese speaker who was born in Hong Kong, recently moved from Shanghai to Bangkok but will continue to report on China's influence throughout Asia. Adi Ignatius, a TIME executive...
...seem to make a difference in the second half of last year, when Roddick made the final of the U.S. Open and later held three match points before losing to Federer in a round-robin match at the final event of the year, the Tennis Masters Cup in Shanghai. Roddick hits his serve and forehand as though his right arm were bionic. But some of us still need convincing that he's added a genuine Plan B to his repertoire, and that his answer to any kind of trouble isn't merely to stop hitting hard and start hitting harder...