Word: rivering
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...fact, Hong Kong's flirtation with Shenzhen and the surrounding Pearl River Delta is already being consummated. Last month, top officials from Hong Kong and Shenzhen signed an agreement to study jointly developing infrastructure along the border region between the two cities. And, in July, Chinese President Hu Jintao christened a new bridge linking Hong Kong with the Shekou area of Shenzhen, which creates a fourth land crossing for trucks and tourists to stream back and forth...
...breathtaking real estate prices. By the last quarter of 2007, a year when home prices in most of the rest of the U.S. were dropping, sometimes sharply, the average cost of a Manhattan apartment was a record $1.4 million, up 17.6% from one year before. Even across the East River in Brooklyn, the average price was a hefty $661,000, up from...
...Network Effect If they can't stay in the city center, of course, New Yorkers will move - as cultural workers have done for decades, migrating from the West Village to Soho, from Soho to the East Village and from there across the river to Long Island City in Queens and to Williamsburg and Red Hook in Brooklyn. But in recent years those neighborhoods, too, have been gentrifying, pushing the cultural workforce even further afield. And that art-world diaspora causes a more subtle disruption to the fabric of the creative economy. Creative people thrive on interaction. They need...
...centers of manufacturing, but all have been able to shift their economic focus to the service sector as factories moved from New York's lower east side, or London's Park Royal estate, or the thousands of tiny enterprises in Kowloon, to the American sunbelt or up the Pearl River delta from Hong Kong to Guangdong province. All are - or have been - great ports. Today, only Hong Kong of the three wears its seagoing character on its face, with tugs and barges chugging up and down the harbor a stone's throw from the skyscrapers of the banks and trading...
...advertising and ticket sales from events such as speed-dating mixers that charge about $13 for admission (parents who tag along have to pay too). Another popular dating site, 915915.com.cn--in Chinese, the numbers sound like "only want me"--set up a "love cruise" in 2006 on the Huangpu River near Shanghai to introduce men worth at least 2 million yuan ($274,000) to attractive women. Edward Chiu, CEO of ChinaLoveLinks, says his free websites steer users to his 30 off-line matchmaking offices, where they can pay fees totaling up to $6,000. Both eHarmony and Match say they...