Word: shanghaiing
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...suffice to say, doesn't believe you can keep them down on the farm, and neither does anyone else. So people will continue to pour into Shanghai - and other major cities - and a good portion of the middle class will escape to the suburbs as the cities grow ever more crowded. So no, Guo added, he doesn't lose sleep over the prospect of real estate booms and busts here. "And neither," he added, smiling broadly, "should...
...Songjiang, indeed, most of my neighbors are here-today-gone-tomorrow migrants, not middle-class Chinese. Henry Ford famously developed the assembly line to make cars so cheap that his workers could afford one. That's not what's happening here. The people building the houses of suburban Shanghai have no real chance of ever owning...
...lugging bricks 12 hours every day, in Shanghai's suffocating summer heat and stinging winter's chill, Qiu earned 1,500 renminbi (about $200) per month before she managed to get a job - and a raise - at a construction site not far from Emerald Riverside. Now she makes about $220 per month and, she says, the work is not as backbreaking. "We work about 12 hours a day," she told me one recent evening, sitting outside a big worker's camp, "and get one day off a week." I asked if she, like so many migrants, has family back home...
...There are 148 houses and townhouses as well as three 11-story apartment buildings in Emerald Riverside, and Fan Wei, the president of Forte and Guo Guangchang's deputy, says they are all sold. Slowly, as the day draws nearer that the town will be linked to Shanghai, people are beginning to move in. Until recently, one of our neighbors was Zhang Shuyi, 35, who owns his own small advertising agency. He lived just behind us with his girlfriend and a big mutt of a dog who occasionally scared the daylights out of our daughter, Abby. (Zhang, in typical Shanghainese...
...cleaner environment, a little bit of green and a lot more space. "I love it out here," says Chen. "It's quiet, and the air is better." Two couples we've become friendly with say they want to have a second child - now permissible in Shanghai since the government loosened the one-child policy a bit in 2004. All this at a price much cheaper than it would be to buy a decent apartment in Shanghai (let alone a house in the San Fernando Valley...