Word: shanghaiing
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...stage - Lenovo, Alibaba, Sina and Haier - registered many of their operations as foreign firms, accessed Hong Kong's capital market and legal system and thus succeeded not because of the regime's economic conduct but in spite of it. For reinforcement of the mainland's shortcomings, Huang points to Shanghai, where the mushrooming Pudong skyline masked a poor record on innovation and a lack of private-sector companies of note (its greatest success story, e-commerce star Alibaba, fled to Hangzhou in the neighboring and more entrepreneurial Zhejiang province...
...They should take note. The next culture-and-design rivalry will probably involve Beijing and Shanghai. Masterpieces by American creators of fashion, furniture and consumer electronics are already being replicated in the Yangtze and Pearl River deltas and sold at big-box stores. Meanwhile, Chinese painters like Yue Minjun and Zeng Fangzhi are pulling in big bucks at auction, and Chinese filmmakers, writers and musicians are not far behind...
...published in the April issue of the Journal of Consumer Research. "Specifications can be very misleading, even if marketers are honest," says Christopher Hsee, a professor of behavioral sciences and marketing at the University of Chicago Booth School of Business, who ran the experiments with researchers at Shanghai Jiao Tong University. "Consumers are sometimes willing to pay a lot more, even when the underlying experience is the same...
...least 39 signatories in Beijing, Shanghai and eight provinces have been questioned, trailed or had their movements restricted by police, says the Chinese Human Rights Defenders, an activist group. "This is a big thing, if only measuring by the reaction of the authorities," says Nicholas Bequelin, a Hong Kong-based researcher for the group Human Rights Watch. "One thing the [Communist] Party is very worried about is to have the loyalty of the intellectuals and the academics...
...that the economic situation and market environment around the world have changed significantly since the agreement was signed." Neither company explained in detail why the discussions on the joint project, which began in 2007, fell apart. But Lin Huaibin, an auto industry analyst at research firm Global Insight in Shanghai, believes both companies brought problems to the partnership. Chery, he says, wasn't ready to produce a car of strong enough quality for the global market, while a struggling Chrysler didn't possess the funds needed to invest in the venture. Chery's Jin says that the company's global...