Word: yuan
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Dates: during 2000-2009
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...independent research firm Asianomics in Hong Kong, says "the big danger" in Asia is a "round of competitive devaluations" of Asian currencies that sparks protectionism in the West. Walker fears that China, in its efforts to support growth and the millions employed in export factories, will eventually allow the yuan to depreciate, forcing all other Asian countries to do the same to keep their exports competitive. "If conditions do worsen, then every lever in the Chinese toolkit will be pulled" to muster a recovery, Walker says. Michael Hartnett, an international strategist at Merrill Lynch, recently told TIME that his potential...
...their nation's greatest warrior, Liu Sheng, and think Sidhu is just the fellow to rid their village of the oppressive Hojo (Gordon Liu). Accompanied by his raffish translator Chopsticks (Ranvir Shorey), Sidhu travels to the Great Wall, where his life is saved by a mysterious beggar (Roger Yuan) with twin Indo-Chinese daughters: the TV hostess Sakhi and Hojo's henchwoman Suzy (both played by Deepika Padukone) who were separated at birth and unaware of each other's existence...
...oversimplify just a tad, the nods to Hong Kong culture are fun, the Indian bits much less so. Yuan, who's worked mostly in the States, has a lovely gravity otherwise missing from the enterprise. And it's always great to see Liu, who bounded onto the Hong Kong screen as the head-shaved star of such '70s action classics as Challenge of the Masters and The 36th Chamber of Shaolin; his lingering impact in these roles led ex-fanboy Quentin Tarantino to cast him as a mob potentate in Kill Bill, Vol. 1 and as the white-bearded...
...They live in a cozy two-bedroom apartment in downtown Dagang and drive to work every day in a Kia Cerato that, according to Gong, about 70% of the locals still deem a luxury. But they are not carrying a mortgage, which could have easily added another 2,000 yuan (almost $300) to their monthly expenditures. Gong's parents chipped in with their savings to help the young couple purchase the apartment...
Even so, the couple still largely limit their regular spending to necessities like food, clothing and gas, totaling about 4,000 yuan (about $580) a month. That amount takes up most of Gong's monthly salary. By keeping luxuries down and giving up vacation travel, the couple have managed to save up all of Wang's salary, which normally amounts to about 10,000 yuan ($1,460) a month. "I just like to stay in and watch movies when I'm off from work," says Gong, who describes himself as an indoor person. The farthest trip he's been...