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...that AIG, the insurance giant, tried this month to raise $1.3 billion to launch a China stock fund-and fell $400 million short of that goal. "There are signs that this is going to cool off, but not crash," he insists. Jun Ma, a Deutsche Bank economist in Hong Kong, says the recent rate hikes should keep inflation in check, and without inflation, there's no real risk of overheating...

Author: /time Magazine | Title: Manic Market | 5/24/2007 | See Source »

...Backed by an international marketing campaign, Sentosa Cove homes are nearly sold out-more than half of the buyers are foreigners-and are generating a little bit of buzz that is music to the ears of the city fathers. When Hong Kong housewife and property investor Betty Ling first saw advertisements for Sentosa Cove three years ago, her Singaporean friends warned her "only ghosts live there." But she says she chose to buy in Singapore instead of Bali or Phuket because, "It's an international city and you have all the infrastructure of city life. You can feel safe there...

Author: /time Magazine | Title: Singapore Soars | 5/24/2007 | See Source »

...potential impact that an influx of up to a million immigrants could have on society in coming years. Singapore has steadily been adding about 100,000 expats annually since 1990, census data shows. Foreigners now make up about 19% of the city's population, in contrast with Hong Kong, where expats make up less than 8% of all residents. "There are concerns over how in the world Singapore's tiny island and infrastructure will support the increased foreign population and how that will impact transportation, taxes, traffic, housing and schooling for the locals," says Singaporean Cheryl Liew, a consultant...

Author: /time Magazine | Title: Singapore Soars | 5/24/2007 | See Source »

...Take the opening attraction, Wong Kar-wai's My Blueberry Nights. Much heralded as the Hong Kong master's first English-language feature, and starring pop diva Norah Jones in her acting debut, this fable of a lovelorn woman's jaunt across the U.S.-from New York to Memphis to Las Vegas and back again-lurches in and out of plausibility without ever quite weaving the slo-mo magic Wong brings to his homegrown fare. But then, just as the viewer's patience is being tried by the relentless despair Jones' character appears to live in, Natalie Portman shows...

Author: /time Magazine | Title: Cannes Turns 60 | 5/24/2007 | See Source »

...there's nothing wrong with the camera falling in love with its subject. Star quality is an essential factor in movie mystique. Directors are also free to show a lovely face in slow motion, as you do endlessly with Nevins'. The Hong Kong director Wong Kar Wai has built a brilliant career on that technique. You selected Wong's longtime cinematographer, Christopher Doyle, in part because he would know how to work a similarly glorious magic...

Author: /time Magazine | Title: Mighty Hearts and Dark Deeds | 5/21/2007 | See Source »

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