Word: shanghais
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...studio as well as inside. The Chinese government's official advisor to MGM, who said that her odor in China was "very bad ... whenever she appears in a movie, the newspapers print her picture with the caption 'Anna May again loses face for China.'" He wasn't exaggerating. When Shanghai Express played in the city it supposedly was set in, a local newspaper called Wong "the female traitor to China," and a journal in Tianjin carried the headline: "Paramount Uses Anna May Wong to Embarrass China Again." Apparently not realizing that the villain Chang was a Communist, and Wong...
...Similar moves in the past have done little to rekindle trading. The combined index for China's two bourses, in Shanghai and Shenzhen, is down 46% from its 2001 peak. Last year, the bourses lost 15% of their combined value, one of the worst stock-market performances in the world; they are currently trading near six-year lows. Meanwhile, the weekly trading volume on the Shanghai exchange has plummeted nearly sixfold, from a high of 178 billion yuan during the week ending Feb. 18, 2000, to 31 billion yuan last week...
...many surprising forms. In November, for example, the government suddenly rotated the top executives of its four listed, state-owned telephone companies, sending them to work for former competitors. Corporate corruption is commonplace?police have confirmed criminal investigations at eight listed companies so far this year, according to the Shanghai Securities Daily. The newspaper has reported that executives under investigation include the chairman of Shanghai-listed jewelry seller Diamond Co., who vanished after allegedly transferring $10 million in company funds to private overseas bank accounts...
...Reports of such egregious abuses make trading on the Shanghai and Shenzhen bourses seem more perilous than gambling. But there's an even more fundamental problem: China's most promising companies tend to raise capital by going public in Hong Kong or New York, where tougher listing and reporting requirements make markets more trustworthy. But the majority of companies' hitting China's bourses are command-economy-era, state-owned enterprises (SOEs): many of them have limited growth prospects, while others, hopelessly uncompetitive, may be destined to fail...
...Fake Watch Two Americans went on trial in Shanghai last week charged with "conducting business illegally" after allegedly selling some 180,000 pirated DVDs over eBay and a Russian website. Arrested following the first joint Sino-American investigation on DVD piracy, they face up to 15 years in prison for running an "audio and video products" business without a proper license. The defendants argue that the law doesn't apply because they sold all their goods overseas. And as for the dodgy discs: "I bought the DVDs from licensed stores," said one, "so I took it for granted that they...