Word: shanghai
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Dates: during 2000-2009
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...there have been signs of a thaw and hints that the two countries, prodded by Washington, would reopen a dialogue that has been stalled since the Mumbai terror attacks last year. On June 16, Indian Prime Minister Manmohan Singh and Pakistani President Asif Ali Zardari shook hands at the Shanghai Cooperation Organization summit in Russia, where Zardari acknowledged that Pakistan's greatest threat was the Taliban - a remarkable admission for a country that has long considered India its most dangerous neighbor. Indian authorities, meanwhile, may soon start talks with the Hurriyat separatists. But every gesture of reconciliation - most recently, meetings...
...Thursday's Financial Times. Qin said he didn't think "a quick, steep bounce driven by fiscal fixed investment is a good thing for China," adding that the current loose monetary policy should shift to neutral. On Thursday, Hong Kong's Hang Seng Index dropped by 0.5% and the Shanghai Composite Index fell 0.6% on concerns that China would begin to tighten monetary policy in response to fears of expanding bubbles in real estate and financial markets. (See pictures of China's infrastructure boom...
...spending a solid economic pillar. Chinese are still among the world's biggest savers, in part because of the lack of good public systems for retirement pensions and health insurance. "Most economists think they've overdone investment and underdone consumption and spending for social welfare," says Stephen Green, the Shanghai-based head of research for Standard Chartered Bank. "There will be a price to pay. No one knows how big that will be. The bet is they'll grow through it. That's the bet they're taking...
...earthy, sometimes profane novels of human struggle including To Live and Brothers. While Yu's sex- and drug-laden writing could have been banned as late as the 1980s, it now has an official stamp of approval because he avoids overt criticism of Communist Party rule. (See pictures of Shanghai today...
...looking at the speed and scale of the country's development once liberalizing reforms were made. It's also worth asking how much China's unique authoritarian politics contribute to its impressive and highly competitive economic efficiency. Could this growth model continue for the next 60 years? Timothy Yin, Shanghai...