Word: tsang
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...help but think of Willy Wonka when you meet Tsang Heh-kwan. While walking around her factory in Hong Kong's New Territories, the 80-year-old giggles as she offers samples of a candy product she's developing. The subtly sweet ginger confectionery is a delight, and Tsang - hale and lively - declares that she has finally perfected the formula that prevents it from sticking to teeth...
Candy may be in the pipeline for her 35-year-old company, Fu Kee Food Co. But gourmet sauces sold under the brand name Yuan's, www.i-ho-yuan.com, are what have earned Tsang a fanatical fan base from Hong Kong to Amsterdam. A 125-ml bottle of Yuan's soy sauce retails for $21 - the most expensive in the world, Tsang brags. "Why is it so expensive?" she asks. "Because it's an ancient Chinese recipe, and no one can steal it because it's in my head." (See pictures of Hong Kong...
...speak up they do - as pro-Beijing commentators are quick to point out. "Where is the threat?" asks Lau Nai-keung, a Hong Kong journalist with ties to Beijing. "People here can express their feelings." Indeed, when the city's chief executive, Donald Tsang, recently downplayed the anniversary to legislators during a legislative council debate, he was met with fierce opposition and forced to apologize. When Ayo Chan, a student leader at Hong Kong University, suggested pro-democracy protesters were to blame for the 1989 crackdown, angry students moved to vote him out of office. And, unlike the uprising...
...loss of identity, even sovereignty. Last October, hundreds of thousands protested against Ma's China policy in a Taipei rally organized by the opposition Democratic Progressive Party (DPP). Another large protest is planned for May 17. Ma "sees the closer ties [with China] as an opportunity," says Cheng Wen-tsang, the DPP's spokesman. "But we see them as a threat...
...threatening the banking system," thus staving off what he says would have been a "global depression." Still, he says the contagion and mutation of the crisis from one financial activity to others makes it impossible to know what to expect in macro terms in the medium run. Indeed, Paul Tsang, senior vice president at Polaris Securities in Hong Kong, says he expects the rebound to continue as investors wait to see how the proposed bailout plans affect financial institutions, but that longer-term predictions remain murky. "My initial hunch is consolidation will continue for one or two weeks," he says...