Word: asianization
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Another summer, another Asian fundraising tour by Europe's top soccer clubs. Cashing in on the game's popularity in the region, Real Madrid and Manchester United between them last week kicked their way through Hong Kong, Bangkok, Tokyo and Beijing, racking up multimillion-dollar appearance fees along the way. Lesser teams, too, are parading before Asian fans. Rotterdam's Feyenoord went to work in Nanjing late last month, and even Sheffield United, from England's second division of clubs, rounded off its own three-game tour of China last week. The team's big attraction? Veteran Chinese star...
Paku, who has relatives involved with timber operations in New Zealand, said that the forest industry there, which is fueled to a large extent by Asian demand, has lately been difficult...
...scratching my head as to why the Asian demand would drop off the way it has,” he said. “Nobody’s making a lot of money...
...Economists hope that China's modest revaluation will ripple gently through Asia and the rest of the world. By giving scope for Asian currencies to strengthen, economists expect that the yuan's rise will effectively boost consumer-spending power throughout the region, because imports will become cheaper and interest rates will tend to remain low. In this way, the reform of the yuan could usher in a major shift in the way the global economy works: the knock against Asia is that it saves too much and spends too little, while the U.S. spends too much and saves too little...
...Children) took out the coveted Silver Lion at the Venice Film Festival, a first for a Pacific Islander director. Hinting at domestic violence, the film offered a strikingly dark view of Samoan life. "She wants to undo that happy haven idea of the Pacific," says Suhanya Raffel, head of Asian, Pacific and International Art at the Queensland Art Gallery, which will showcase Urale's work at next year's Asia-Pacific Triennial of Contemporary Art, "to look at much deeper social issues...