Word: shenzhen
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...Although the Chinese government is also trying to nurture stock markets in Shanghai and Shenzhen, Beijing still views Hong Kong as crucial because it offers an entrée to the outside world. China's capital markets, largely closed today, are being gradually opened, meaning ordinary citizens will eventually be free to invest some of their wealth outside the country - with Hong Kong, which is a Special Administrative Region of the mainland, as the likely first stop. Beijing last year proposed a new program, nicknamed "the through train to the Hong Kong stock exchange," that would allow individual Chinese...
That may be an exaggeration. After all, the vast majority of OCT East's visitors and its 3,000-person staff are ethnically Chinese--there just aren't that many Europeans on hand--and Shenzhen's average annual temperature is 75ºF (24ºC). A recent passenger on the scenic railroad snacked on boiled chicken feet, a local delicacy unlikely to be found in the Alps. Down a short path from the Swiss village is a working Chinese tea plantation, and each afternoon the development's 1,300-seat theater sells out its Zen Tea Show. Performed against the world's largest...
Lederhosen, fondue and dried-seaweed snacks? Guten Tag from Shenzhen! Nestled in rolling hills outside this southern boomtown is China's very own version of Interlaken. No detail of the famed Swiss alpine resort appears to have been ignored in this local facsimile, from ski chalets, mineral baths and roasting sausages to the fräulein in braids who greets you on arrival. Perhaps the only thing missing from this Chinese alpine idyll is, well, snow...
...Shenzhen's Interlaken offers Chinese tourists a little taste of Europe closer to home. Its developer, Shenzhen OCT Sanzhou Investment, has sunk nearly $450 million into the park's 2,200 acres (890 hectares). Located on a crystal-clear man-made lake, the centerpiece is a 300-room, five-star hotel with a Gothic cathedral lobby and an Austrian chef. The drive for authenticity is relentless: last summer an alpine songfest even brought yodelers to the resort. You can tour the property aboard an antique railroad that circles it, or view it from the highest summit--some...
...every day that maybe it's time to go back to a regular job." These days who could blame her? After a furious 18-month run that saw shares of listed Chinese companies more than triple in value, the country's bull market is stumbling. Indexes in Shanghai and Shenzhen are both down about 15% from their October peaks, and recent moves by the government to cool China's runaway economic growth appear to have deflated the mania for stock investing that has gripped urban Chinese, from maids who quit their jobs to devote their time to trading stocks...