Word: shanghaiing
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...increase in global temperature is a negative consequence for the entire world, the United States, China, and India included; a rise in the sea level will undoubtedly impact coastal cities that include New York, San Francisco, Shanghai, Hong Kong, and Mumbai. It is in the interest of all nations to contribute to a resolution of the environmental crisis...
...Most China analysts, though, expect these difficulties to disappear after the Olympics. "They're having a few jitters, but China isn't going to cut off its nose to spite its face," says Kent Kedl, a consultant at Technomic Asia, a Shanghai-based market strategy firm. Plans are already afoot to give Hong Kong permanent residents of any nationality visa-free access to the mainland within the next few years, the kind of privilege that millions of Asians who work in the West can only dream about. "Getting my Chinese staff to the U.S. is an absolute nightmare," says Kedl...
...CORRUPTION 18 Prison sentence, in years, handed down to former Shanghai Communist Party boss Chen Liangyu for corruption charges involving $4.8 billion in stolen cash 22 Number of members of the National People's Congress, China's legislative body, who have been ousted in the past five years on corruption charges...
...awakening from these Beijing dreams was as rude as it gets. As of April 15, the Shanghai Composite Index has slumped 46% from its Oct. 16 peak. The global credit crunch, the staggering U.S. economy, and China's efforts to tame inflation and cool unsustainably fast economic growth teamed up to quash investor enthusiasm for China stocks, Olympics or no Olympics. But might there still be a lingering chance that the Games will give China's economy a shot of adrenaline and lift stocks later this year? Many investors have heard of the "January effect." Is there an "Olympics effect...
CORRUPTION 18 years Prison sentence handed down to former Shanghai Communist Party boss Chen Liangyu for corruption charges involving $4.8 billion in stolen cash...