Word: kong
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...able to negotiate a 90% ownership interest in its Beijing hospital. In 2000, China officially permitted foreign companies to pursue hospital and clinic joint ventures but limited ownership to 70%. Sino-U.S. joint ventures share the marketplace with players such as Singapore-based Parkway Group Healthcare and Hong Kong--based Global HealthCare...
...director for MEDEX Global Group Inc., a travel-assistance and medical-insurance company based in Baltimore. "For the extent of the population and the number of business travelers now in the area, there's really not enough," she says. MEDEX still transports its most seriously ill clients to Hong Kong. "In terms of medical care, China is one of the most challenging countries," she says. But it's also ripe with opportunity for businesses with a cure...
...MSCI Asia Pacific Index finished the day up 1.2% after plummeting 16% during the previous week - the worst stock market rout suffered by the region since 1987. Hong Kong's benchmark Hang Seng index gained 3.3% after an 8.2% drop yesterday, while Korea's Kospi index rose .6%. Japan's Nikkei index fell .5% after rising in morning trading - hardly a robust recovery, but the panic selling that marked Wednesday's 9.4% free-fall dissipated, at least temporarily...
...Market-watchers credited the relative market calm to Wednesday's coordinated rate cuts by the U.S. Federal Reserve and five European central banks. China, South Korea, Hong Kong and Taiwan also reduced benchmark lending rates. Ting Lu, an economist with Merrill Lynch in Hong Kong, called local market reaction to the cuts "generally positive, but cautious...
...Still, the local art world isnt' getting too depressed - yet. Says Bashat, the director of the Opera Gallery Hong Kong, "Many buyers see art as a safer investment in the mid to long term compared to other investments in the market." Buyers may be turning away from contemporary Chinese art today, but at least they are keeping an eye on Asia...