Word: huis
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...broadly into two categories: those who see Taiwan's future as going it alone-the DPP's chief constituency-and those who don't want to provoke China by promoting independence for Taiwan-the traditional base for the DPP's archrival, the Kuomintang (KMT). But if Taoyuan voter Chou Hui-mei, a 45-year-old furniture importer, is anything to go by, Chen's strategy is having some success bridging that ideological gap. Chou's parents were mainlanders who fled to the island along with Chiang Kai-shek's Nationalists in 1949, and she herself was once a member...
...many in Taiwan, Lee Teng-Hui is a hero, a role he is quite comfortable with. Lee once described himself as a Moses leading Taiwan to the promised land. Last week, the former President adopted another role model: Heihachi Edajima, a character in a popular Japanese comic series. Edajima, a bull-headed kendo master, teaches troubled youths to be warriors. Lee, 81, appeared in photos dressed as the martial artist?complete with snarling sidekicks...
...next month's parliamentary elections, in which Lee's proindependence party, the Taiwan Solidarity Union, is fielding 43 candidates. The Kuomintang party (KMT), which Lee led before being expelled in 2001 for supporting the opposition Democratic Progressive Party, has downplayed Lee's gimmick. "No matter who Lee Teng-hui likes to dress as?be it a clown or comic character?that's his choice," shrugs KMT legislator Lin Yi-shih. "I believe it has a limited impact on young voters." Possibly Lee could pick up senior votes: Edajima is also an octogenarian...
...most common source of funding in Zhejiang comes from investment pools, called hui, run by people like Xu Shoucong. This past March, Xu's family organized 17 people to create a fund that rotates credit to all participants, who use the cash for anything from weddings to starting small businesses. Huis loosely resemble microfinance schemes of the kind made famous by the Grameen Bank in Bangladesh, and millions of people participate in Zhejiang and neighboring Fujian province. Because the pressure to repay derives from social networks that are as strong as rebar in Confucian China, borrowers rarely default...
...course, the government must guard against Ponzi schemes and pyramid scams. On occasion, several huis will pool their money, and one failure will lead to a series of them. In September last year, just such a structure collapsed in Zhejiang's Fenghua city, according to Oriental Outlook magazine, and the hui leaders were forced to flee...