Word: shenzhen
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...Hang Seng index continued its weeklong swoon, falling 7.19% after recovering slightly on Thursday. Korea's Kospi index fell 4.13%, while India's Sensex lost 7% of its value after plummeting in morning trading. China was not spared. The CSI 300 index, which tracks both the Shanghai and Shenzhen exchanges, was down 4.43%. Singapore's main index fell 7.72% amid economic news that the island state has slipped into recession for the first time since 2002. In a speech Friday, Singaporean Prime Minister Lee Hsien Loong predicted a continued "rough ride" for Asia. "The world is caught...
...facing "an imminent bust of a real estate bubble," Merrill Lynch warned in a September report. A recent survey of households by China's central bank found only 13% were planning to buy property, the lowest figure since the survey started in 1999. In the wealthy industrial city of Shenzhen, reports suggest property prices may have fallen 30% from recent highs...
...resignations of the province's governor and his deputy (they resigned without being charged with a specific crime). Soon after, three accidents in coal mines killed another 79 people, and a disco fire - once again blamed on lax regulation - killed an estimated 43 revelers in the southern city of Shenzhen. But citizens' furor over poisonous infant formula and the seemingly blatant failure of regulation in the milk industry overshadowed all those tragedies. One reason was its sheer scale: more than 50,000 children sickened, some 12,000 hospitalized and four dead...
...super-wealthy car buff who comes from one of India's most famous industrialist families. But the real - and much less colorful - bad guy in the Singur debacle is India's misguided industrial development policy. India wants booming manufacturing hubs like the ones that have transformed Chinese cities like Shenzhen. But instead of creating a handful of large special economic zones, or SEZs, and locating them strategically near ports and cities with large pools of labor, India has approved more than 500 SEZs as small as 5 hectares (12.3 acres), and scattered them all over the country...
...Chen's delicate, mosaiced account of trying to piece together the story of his grandfather's life - a tale of several marriages, migration and diaspora. In Contact Tracing, another piece that ratchets up the tension, Fitzgerald is dying of SARS, having contracted it while evacuating a patient from Shenzhen. In the respiratory isolation room next to his is Chen, also infected because he treated Fitzgerald in the initial stages. The ending rewrites any kind of expectation that we may have held in our minds, given that these two men were once rivals in love, and gives a depthless generosity...