Word: mainland
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...luxury residential market, however, is getting a special boost. Local property agents say prices are being driven higher by buyers from the Chinese mainland. Wealthy Chinese have ample cash and easy access to low-interest loans because of the government's loose monetary and fiscal policies, which were implemented last year to fight the recession. Buyers are looking to invest close to home, and despite China's restrictions on moving capital beyond its borders, that often means acquiring assets in Hong Kong. (The former British colony belongs to China but has a separate system of government and a more open...
...large number of Chinese buyers means growth in Hong Kong's luxury-property market could suddenly cool if Beijing decides to tighten credit. Su Ning, vice governor of the mainland's central bank, said last week that China would continue its "appropriately loose" monetary policy at least into next year, but regulators have already started to clamp down somewhat. In August, total lending by Chinese banks dropped to a third of June's levels...
Sept. 23 was a hazy day in Hong Kong. It's unlikely that Sarah Palin could have gazed across the city's harbor, past the mountains of the New Territories, and spied mainland China in the distance. Secluded inside the Grand Hyatt hotel, behind a tight cordon of security and a sea of hobnobbing fund managers, she may not even have seen much of Hong Kong itself...
...spent well north of $100 billion in the effort to create a technological shield to protect its mainland from incoming missiles - much of it on long-forgotten and never used systems such as Nike, Nike Zeus, Nike-X, Sentinel and Safeguard. The grandest of these, the Safeguard system, was built nearly 40 years ago in Nekoma, N.D. Huge earth-moving machines dug up 1.75 million cu. yd. of rich, black loam from the 470-acre site. Contractors built the base with 160,000 cu. yd. of concrete and 12,000 tons of steel. They crowned their work with a partly...
...Take the Dalai Lama episode. The opposition DPP invited him to Taiwan in order to put Ma in a spot - he'd be damned by his own people as a mainland lackey if he did not okay the visit and condemned by Beijing if he did. Ma took a gamble: he approved the trip - and bet on China's leaders appreciating his dilemma. They did. Their censure was directed solely at the DPP, with no mention of Ma whatsoever. Far from harming cross-strait relations, the Dalai Lama's visit revealed how mature those relations have become...