Word: shanghaiing
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...about $586 billion - on a wide range of moves designed to boost an economy starting to feel the effects of the worldwide financial crisis. The move was widely welcomed by economists and investors. The Hong Kong Stock Exchange's main index gained 3.5% on the following day, while the Shanghai Composite Index soared...
...woes worldwide, H&M, with more than 1,600 stores in 30 countries, is pressing ahead with its expansion in the Asian market. Same-store sales for H&M worldwide were down 2% in September, but overall sales were up 10%. The brand opened its first Asia stores in Shanghai in April 2007 and in Hong Kong in March 2008. In Tokyo, a 2,800 sq-ft full concept store in Shibuya and a shop in Shinjuku are slated to open next fall, helping keep the company's pace of expanding stores by 10% to 15% annually worldwide...
...Bernstein's West Side Story had its Broadway premiere more than half a century earlier. Next year's BMF is already being planned, and Long is looking at other long-term projects, including a collaboration with Israel and Germany to produce an opera about the small Jewish community in Shanghai that sheltered Holocaust refugees during World...
...serious risk of a deflationary spiral, even if just a quarter ago, inflation was above the Fed's comfort zone of 2% to 3%. "Compared to Japan's problem a decade ago, this crisis is unfolding much faster and spreading wider due to financial globalization," says Shanghai-based independent economist Andy Xie. A financial system unable or unwilling to lend, a tapped out U.S. consumer, and business now retrenching - and laying people off - all are a formula for possible deflation. What's so wrong with declining prices? For one thing, it makes the real cost of paying off debt that...
...Well, not so much China. China is already the second-largest computer market in the world, it hardly needs an accelerator. China actually buys a richer mix of products than the U.S. now. When you go to Beijing or Shanghai, it's not very different from Hong Kong or New York. People have the same aspirations and levels of disposable income - and you might have a higher degree of interest in computers in general because of the age of the population...