China spent far more on the 2008 Olympiad than any previous host country. A retrospective assessment of the benefits of the 2008 Games to the Chinese economy will not be possible for several years. We use an adaptation of event study methodology that has been employed by studies of previous Olympiads to analyze the expected benefits of the 2008 Games. We show that the announcement that Beijing would host the 2008 Games led to a brief rise in the Shanghai exchange, but the euphoria quickly dissipated. We find that there was no corresponding decline in the stock exchanges of Beijing's closest rivals for the 2008 Games. There was a longer lasting impact on specific sectors of the Shanghai exchange, but this impact was not always positive.
Golf SHANGHAI - Martin Kaymer was five shots behind and going nowhere Sunday, making nothing but pars when he needed much more to give himself a chance in the HSBC Champions.
Golf: Kaymer wins at Shanghai Martin Kaymer was five shots behind and going nowhere Sunday, making nothing but pars when he needed much more to give himself a chance in the HSBC Champions.
Air in many China cities remains highly polluted." No, this is not a headline in the Onion (satirical newspaper), but the front- page lead headline in the Shanghai Daily on Nov. 8. Shanghai is a city of 23 million people, which at first glance appears to be, perhaps, the most modern city on the planet. The architecture is spectacular and varied, with some of the new edifices exceeding 100 stories. It looks prosperous - nicely dressed people; wide, tree- lined streets; well-maintained flower beds; and the world's newest auto stock on its many crowded expressways. To a lesser extent, the same thing can be said about Beijing and other Chinese cities. By any definition, China has been an economic superstar. For three decades, it has been doubling its gross domestic product (GDP) on the ave...
SHANGHAI, China (AP) - About 20,000 anti-Japanese protesters - some shouting "kill the Japanese" - rampaged through Shanghai on Saturday, stoning Japan's consulate and smashing cars and shops in protest over Tokyo's bid for a permanent U.N. Security Council seat and perceived whitewashing of wartime atrocities. Thousands of police watched the rioting but did little to restrain the crowd, and Japan filed an official protest, complaining that Chinese authorities failed to stop anti-Japanese violence for a third weekend in a row.
The teacups in Shanghai's upscale dim sum joints are small anyway, but one looks laughable placed between the fingers of 300- pound offensive lineman Ed Wang. The tackle for the Buffalo Bills and the NFL's first full-blooded Chinese player visited his parents' birth country with hopes of creating football fans. Wang, whose first season was derailed by injuries, arrived in China on Feb. 20 and spent the week in Beijing and Shanghai, visiting flag football programs, glad-handing Chinese media and promoting Under Armour, due to open its first China store in March.
SHANGHAI -- Global travel may be ailing, but China's biggest city of Shanghai is pursuing luxury travelers with a vengeance, bent on restoring a reputation for opulence and elegance that once made it the Paris of the Orient. As it spruces up for next year's six-month-long World Expo, the metropolis of 20 million is transforming itself from a gritty industrial hub of crammed tenements into a showcase of glittering skyscrapers, quaint but quiet alleyways and meticulously landscaped parks.
Brookfield -- Put seasoned diners on the witness stand, and they'll swear to the superiority of authentic ethnic dishes. Yes, but . . . Consider Exhibit A, the Shanghai pork shumai at Umami Moto.
SHANGHAI - It's a simple pleasure, but Xu Beilu savors it daily: gliding past snarled traffic on her motorized bicycle, relaxed and sweat-free alongside the pedal-pushing masses. China, the world's bicycle kingdom - one for every three inhabitants - is going electric.
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