Word: wuhan
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Dates: during 1990-1999
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...river slows down as it emerges from the Three Gorges onto the plains, but the impatience for wealth and success only increases. Wuhan, China's fifth largest city, is the transfer point for cargo from oceangoing ships to smaller boats heading further upriver, and has long been a center of commerce. Here are department stores with imported brands, stock-trading houses, U.S. fast-food chains--and "Balls," a newly opened NBA theme bar run by a former car salesman from Taiwan. Not so slick as Shanghai, Wuhan still has its pretensions, enough to attract people such as "Johnny" Wang Liang...
...Mucheng thinks about little else. A "retired" (laid-off) accountant in his 50s, he spends most of his mornings in the hall of the Shengyin Wanguo Securities company in Wuhan's downtown, watching share prices move on the Shanghai Stock Exchange. Li has been lucky recently, usually buying and selling in the same day, "but sometimes I hold shares for longer, even up to two weeks." Li keeps his eyes on the big electronic screen as he talks. "America? A great country, because the President changes every four years. And rich, because it has been developing for 200 years. China...
...stock market." At 19 Lin Yan is too young to remember the bad days of meat rationing, but she has a fair idea of what the stock market is. She has already moved from working as a hotel receptionist to a better-paying job selling sports equipment in Wuhan's Galaxy Plaza department store. Three nights a week she goes to private English classes, which she pays for out of her salary of $75 a month, "because if you don't know English, you can't use computers. And if you can't use computers these days...
CITY POPULATIONS IN MILLIONS London 6.6 New York 3.4 Paris 2.7 Berlin 1.9 Chicago 1.7 Vienna 1.7 Tokyo 1.5 Wuhan, China 1.5 Philadelphia 1.3 St. Petersburg...
...civil service and state industries. Estimates of the number of unemployed run as high as 142 million, 12 million in the cities and the rest in rural areas. Tensions caused by layoffs and other wrenching social changes were cast in stark relief three weeks ago, when the Wuhan bomb explosion killed 16 and wounded 30. Suspects include both disgruntled workers and Muslim separatists...