Word: shenzhen
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...pork balls and buckets of KFC. More than 70 million Chinese are classified by the government health ministry as overweight, owing to the fast food and fast living that is playing havoc with upwardly mobile mainlanders' waistlines. "In the past, everyone was so poor," says Zhao Min, 28, a Shenzhen dentist who practices combined yoga/ballet three times a week. "People didn't have the time or money to spend on themselves, but at least they were healthier because they ate simple things and exercised because their work was strenuous. Today, some people may be wealthier, but they're also getting...
...State Sports General Administration, China already is the world's largest sports and leisure market with 400 million consumers of sports-related services or products. "In the 1980s, it was trendy for young couples to own a TV set or a refrigerator," says Loni Wang, founder of four Shenzhen fitness clubs and vice chairwoman of China's national Fitness Club Committee, a government group that oversees the development of the sports and leisure industry. "For this new generation, trendy means not only having nice clothes but looking good and being healthy...
...skip the overpriced stores of Shangxiajiu and go to Dongshan district for cheap, brand-name Western garments. I then proceed to go mad, spending $106 on clothes, including a $7 leather "Gucci" wallet the clerk assures me was made in Italy?which must be what they're calling Shenzhen...
...competition is understandable. Shangri-la is a potent marketing tool. Well-heeled Chinese tourists from the non-paradisiacal regions of Shenzhen and Beijing have flocked to the two newly declared Shangri-las since their much publicized "discovery." But until last year Yading and Deqin were closed to foreign visitors. Now is your chance to check out these spectacular mountain regions before the growing hordes spoil what's left of their idyllic tranquillity...
...handful of stock funds target China via direct investment in B shares or through H shares and red chips (Chinese companies that trade in Hong Kong) or Hong Kong companies that do a lot of business in China. For the greatest exposure to stocks that are listed in Shenzhen and Shanghai, go with Investec Mainland China, Matthews China or U.S. Global Investors China Region. Some big companies listed in Taiwan also do plenty of business in China...