Word: shanghaiing
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...This growing soft power of China was strengthened by the 2008 Olympics extravaganza, and the Shanghai Expo next year will similarly dazzle. The 60th anniversary celebration in Beijing on Oct. 1 will impress, if not frighten, the world with an arresting display of military hardware and goose-stepping soldiers. Less visible is the fact that China is the first major economy to recover from the global recession and, indeed, is leading the world out of it. (Read "Mission Accomplished. Now What...
...Great Leap Forward from 1958 to 1960, were catastrophic in human and environmental terms. It was not until Deng and Chen Yun, another reform-minded Politburo member, returned to power in 1978 from internal exile that the economic course was changed. (See pictures of a new look at old Shanghai...
...high valuations. Based on their aggressive IPO pricing, the average price-earnings ratio of the 10 stocks is estimated at 55 times 2008 profits, higher than the average p/e ratio of 40 times asked by the 10 companies that most recently listed on the SME Board. (See pictures of Shanghai today...
...They see the developed world as having gotten rich one way and trying to change the rules just as China is on the brink of joining the club. The Chinese, concedes a Western diplomat in Beijing, want nothing to do with "ladder-up economics." (See pictures of the new Shanghai...
...China undergoes an astonishing demographic shift and more foreigners make their homes in the Middle Kingdom, Lou is by no means the only one being treated differently. Recent decades have seen a surge in the number of mixed-race couples. According to the data offered by Shanghai Civil Affairs Bureau, from 1994 to 2008, each year there have been about 3,000 more mixed-race marriages in Shanghai. But as the children of that first generation of mixed-race marriages come of age, their moves to gain acceptance in society - like Lou's participation in the TV show - have exposed...