Word: mainland
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...hard currency: counterfeit cigarettes. The 11-page document, a copy of which was obtained by TIME, outlines in unprecedented detail the inner workings of this illicit business and the extent to which it may have led North Korea's rogue regime to ally itself with crime syndicates from mainland China and Taiwan...
...HSBC is sitting pretty. It boasts the most extensive branch network of any foreign bank on the mainland, with 20 outlets spread from Chengdu in the far west to Tianjin on the northeast coast. The bank has invested more than $4 billion since 2001 to buy stakes in Chinese financial institutions, including nearly 20% in both Bank of Communications, China's fifth largest bank, and Ping An Insurance, its second biggest life insurer. Compared with the same period in 2004, pretax profits in China increased sixfold, to $161 million, in the first half of 2005. As a sign...
...chairman and vice-chairman of Taiwan's United Microelectronics Corp. (UMC), the world's second largest maker of custom computer chips; for allegedly transferring technology, funds and personnel to Chinese start-up He Jian Technology, in violation of laws prohibiting the establishment of high-tech semiconductor plants on the mainland without special approval; in Taipei. The two are also charged with "breach of trust" for allegedly acting against the interests of UMC shareholders. The company has denied the allegations, calling the indictments "purely political...
...Gong Li, mainland China's first superstar actress, is a toughie. Something in her glance, her posture, her soul knows that passion is pain, to be dished out or endured. It's an iron will that directors?starting with Zhang Yimou, her mentor and onetime companion?love to see broken...
...Beijing may not be unhappy to see gridlock, because it would act as a delaying mechanism. To expect China's leaders to back down is wishful thinking. They don't want people in Shanghai, Guangzhou or any other mainland city to start asking: "If Hong Kong can, why can't we?" Letting democracy run amok in Hong Kong is simply too risky...