Word: yuan
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Dates: during 2000-2009
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...gleaming open kitchens are among many original touches, and the venue's artwork - everything from Yuan Dynasty calligraphy to a huge sculpture by Korean artist Lee Jae Hyo - is chosen with exquisite taste. Why let the event planners book your next conference in some stale old ballroom when you can be housed in this modernist marvel...
...products cheaper in China. Chinese Prime Minister Wen Jiabao, at a press conference last week, suggested the two Washington politicians could save U.S. taxpayers the airfare. There was not going to be any major, one-off revaluation this year. China, said Wen, would allow the yuan to float within a relatively tight band, as it has done since a 2% upward adjustment last year. Too bad, Graham responded before he left Washington. He has, he insisted, a "veto-proof" majority in support of the bill in the Senate...
Interviews with undergraduates over the weekend revealed a wide range of views on the recent controversy. Yuan Zhu ’09 of Straus Hall gave FAS members a thumbs-down for their handling of the Summers affair. “They pushed him out of the campus,” Zhu said...
...number of U.S.-educated Chinese scientists who had returned to work in their homeland. "The new labs are spectacular," he says. "Unbelievable. The equipment leaves nothing to be desired." The government is doling out generous research grants to academic scientists. In all, it invested nearly 110 billion yuan on science in 2004, up from less than 50 billion yuan in 1999. Chinese scientists also get cash awards that can run into thousands of dollars for getting papers published in scholarly journals...
Sounds like a simple enough trade-off. But once you start picking at the edges, you discover a very tangled Web. First, Google's choice may have a plausible ethical rationale. But it is now a publicly owned company, and the decision also stands to earn it truckloads of yuan. China has 111 million Internet users, a number that grew a plump 18% in 2005. Granted, so far few Chinese have credit cards, but when they do, Google's shareholders are going to be peeved if it doesn't host a chunk of the ads that will woo them...