Word: zhejiang
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...China FACING NATURE'S FURY Typhoon Morakot ravaged the Philippines and Taiwan before slamming into China's southeastern coast, flooding thousands of acres of farmland and forcing a million people to flee Fujian and Zhejiang provinces. Beijing estimates that the storm--the ninth in this year's Pacific typhoon season--destroyed 6,000 homes and inflicted $1.3 billion in damage. Morakot also breached dikes in the northern Philippines, flooding several villages (above), and walloped Taiwan with 74-m.p.h. winds, killing at least 62 people and causing the island's worst floods in 50 years...
...result is a program that acts as a kind of matchmaking service between members and banks. The service began last year in Zhejiang, a coastal, trade-focused province south of Shanghai, where 600 businesses used Alibaba to acquire loans worth more than $146 million through China Construction Bank and the Industrial and Commercial Bank of China. This year the program has expanded to Guangdong, Shandong and Jiangsu provinces and several coastal cities including Shanghai and Shenzhen. Seven other banks, including Bank of China, China Merchants Bank and Shanghai-Pudong Development Bank, have signed on. Alibaba expects to facilitate more than...
...authorities launched a search for anyone who may have come in contact with the country's first swine flu patient. By 5 p.m. on May 3, more than 100 passengers on the same China Eastern Airlines flight to Hong Kong had been located in Shanghai, Beijing, Guangdong, Jiangsu and Zhejiang and put under seven-day medical observation...
...sole trigger for war but rather a "threat multiplier" - a factor that worsens the social instability that can lead to conflict. That can happen even inside a country - one of the most violent protests in recent Chinese history occurred in April 2005, when over 30,000 villagers in Zhejiang province clashed with police over water pollution from a local chemical plant...
...reinforcement of the mainland's shortcomings, Huang points to Shanghai, where the mushrooming Pudong skyline masked a poor record on innovation and a lack of private-sector companies of note (its greatest success story, e-commerce star Alibaba, fled to Hangzhou in the neighboring and more entrepreneurial Zhejiang province...