Word: shanlis
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...WEIJIAN SHAN...
...Weijian Shan, a managing partner of U.S. private-equity fund Newbridge Capital, learned some unexpected lessons about business in China's Gobi Desert. During the Cultural Revolution, Shan, a Beijing native, was banished there for six years. By day, he sweated under the blistering sun, tilling the soil and herding cattle--or healing villagers as one of Mao's famous "barefoot doctors." At night, he listened to Voice of America on a small radio, studied an English dictionary and hoped for something better. "When you have a job in the Gobi with absolutely no hope and no future, you learn...
That perseverance eventually paid off. Shan went on to get a Ph.D. in business at the University of California, Berkeley, and teach at the prestigious Wharton business school--and it served him well in pulling off one of the most groundbreaking investments ever made in China. In May Newbridge, based in Fort Worth, Texas, agreed to purchase nearly 18% of Shenzhen Development Bank for $160 million, making the fund the first foreign investor to take management control of a Chinese bank. The tortuous negotiations took two long years. "There are few people I know who have the same tenacity," says...
...issued a blank check to its military for the use of force against Taiwan." CHIU TAI-SHAN, Vice Chair of Taiwan's Mainland Affairs Council, on China's proposed antisecession law that in certain circumstances authorizes "nonpeaceful means" of dealing with the island, considered a renegade province by China...
...Lanna revival? If you're bound for Thailand's lush north, you won't be able to escape this architectural fad, which celebrates the building styles of the Lanna civilization?a 14th and 15th century society that encompassed northern Thailand, part of Laos and what are now the Shan States of Burma...