Word: tianjin
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...Weavers has been adding capacity at 20% annually since 2003 to meet demand for its value-for-money products. That includes a small weaving facility outside Atlanta to reduce lead times for urgent U.S. orders. Eyeing a huge potential customer base in Asia, the company opened a plant in Tianjin, China, this year that will serve the Chinese market. Lately it has been having fun with a deal to produce carpets with the Andy Warhol Foundation, using the artist's designs. Farida Khamis says the company aims to become a market leader in a new product line: home textiles...
...HSBC is sitting pretty. It boasts the most extensive branch network of any foreign bank on the mainland, with 20 outlets spread from Chengdu in the far west to Tianjin on the northeast coast. The bank has invested more than $4 billion since 2001 to buy stakes in Chinese financial institutions, including nearly 20% in both Bank of Communications, China's fifth largest bank, and Ping An Insurance, its second biggest life insurer. Compared with the same period in 2004, pretax profits in China increased sixfold, to $161 million, in the first half of 2005. As a sign...
...players' faults. We convinced her that she's a winner, and she started acting like one." Peng transformed from a top-300 to top-100 player. But within two months of her arrival in the U.S., Peng was recalled by the local tennis team from her adopted hometown, Tianjin. Though she did spend nearly two years overseas, frequent trips back to China to compete in various domestic tournaments made it near impossible to focus fully on improving her game. "A lot of the people who run tennis in China are appointed officials who don't understand the sport...
...DIED. ISRAEL EPSTEIN, 90, Polish journalist who became a passionate supporter of the Chinese Communist Party and comrade to many of its leaders; in Beijing. The son of socialist Jewish emigres who settled in Tianjin, Epstein was drawn to the Communist cause after a meeting with Chairman Mao Zedong in 1944. Often the country's only English-language booster during its years of isolation, he edited the magazine China Today and wrote books like 1947's The Unfinished Revolution in China, becoming a Chinese citizen and remaining a loyal Party member even after his imprisonment during the Cultural Revolution...
...black. Every other day, a new research partnership or joint venture is announced, or a delegation heads to Beijing or Shanghai. Chinese supermarkets, traditional medicine, tai chi and feng shui have hit the suburbs, and moviegoers are broadening their taste beyond Hong Kong's martial-arts kickfests. A Tianjin-born property billionaire whose projects have reshaped Sydney is inspired by Shanghai's buildings (fewer columns, more concrete, less steel). Australia has had such infatuations in the past. First it was Britain, then the U.S. and Japan. In the 1980s it was China; now, after a pause, it's China again...