Word: shenzhen
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...Hollywood produces our most competitive exports by a long shot; its creative capacity and production quality are unmatched anywhere in the world. NBC Universal would as soon relocate its studios to Shenzhen as Nike would build a new factory in Malibu. This type of competitive advantage is rare and extraordinarily valuable. It is completely bewildering, therefore, that networks are unable to translate it into profits, as explained in a recent article in The Economist. These are the types of businesses, after all, that ought to flourish in the economy of the future...
...apartments and houses across urban China ended abruptly last year and is now unwinding. Deflation is evident in Beijing and Shanghai in particular, where real estate developers and brokers report prices will likely be down 15% to 20% this year. Prices in the once booming city of Shenzhen are down more than 18% from year-ago levels. Nationwide, according to a recent forecast by economists at the Chinese Academy of Social Sciences, housing prices in China may decline 10% to 15% this year, as the overall economy struggles amidst the global financial crisis. "Housing prices far surpassed the actual incomes...
...Inspired by that image, Wang began selling chocolate ice cream swirls on paper squat toilets. Customers loved them and wanted more edible excretion experiences, so he opened Modern Toilet in 2004. The theme-restaurant chain now has seven outlets in Taiwan, one in Hong Kong and one opening in Shenzhen, China, this week. Plans for other cities in China, Macau, Kuala Lumpur, Malaysia are also under way. Dinner à la latrine, anyone...
...senior engineer at Shenzhen-based TCL Mobile Communication, a subsidiary of one of the country's top handset makers, also supports the move to 3G. "I was doubtful about the future of 3G in China, but now I'm fairly optimistic, having witnessed the success of [Apple's] 3G iPhone" in the U.S. and Europe, he says. "Many people were concerned that there would be no use for 3G, since it is not a technology everyone will want to use. But I think we will be successful in promoting Internet-browsing on smart phones with 3G technology...
...message appears to have gotten through to China's private sector. Thousands of independent businesses across the country have since made announcements promising zero layoffs and full payment of salaries. To help them keep those commitments, several cities - including Beijing, Tianjin and Shenzhen - have announced policies to encourage companies to keep their workers by reducing the amounts employers must contribute to social welfare programs such as pensions and medical insurance. Local governments are making up the difference with subsidies. The Minhang district in Shanghai alone has set aside a budget of $290 million to assist struggling businesses avoid layoffs...