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In 1992, there was an explosion of 'stock fever' in Shanghai. 'From the moment I set foot in Shanghai until my last day there, people from all walks of life wanted to talk to me about the market', Ellen Hertz writes. Her 1998 study sets the stock market and its players in the context of Shanghai society, and it probes the dominant role played by the state, which has yielded a stock market very different from those of the West. A trained anthropologist, she explains the way in which investors and officials construct a 'moral storyline' to make sense of this great structural innovation, identifying a struggle between three groups of actors - the big investors, the little investors, and the state - to control the market.
"In vivid detail... examines the little-known history of two extraordinary dynasties."--The Boston Globe "Not just a brilliant, well-researched, and highly readable book about China's past, it also reveals the contingencies and ironic twists of fate in China's modern history."--LA Review of Books An epic, multigenerational story of two rival dynasties who flourished in Shanghai and Hong Kong as twentieth-century China surged into the modern era, from the Pulitzer Prize-winning journalist The Sassoons and the Kadoories stood astride Chinese business and politics for more than one hundred seventy-five years, profiting from the Opium Wars; surviving Japanese occupation; courting Chiang Kai-shek...
Conventional wisdom suggests that markets are efficient, random walks and that stock prices rise and fall with the fundamentals of the company. How then have black-box traders prospered and how do they exploit market inefficiencies? Are their strategies on their last legs or will they adapt to the new landscape amidst the global financial crisis? Chasing the Same Signals is a unique chronicle of the black-box industry's rise to prominence and their influence on the market place. This is not a story about what signals they chase, but rather a story on how they chase and compete for the same signals
From a Western point of view, the policy of economic engagement with China has failed. A rapid rise in living standards in China has helped legitimize and strengthen the Chinese Communist Party’s power. How did Western, market-orientated, property-owning, liberal democracies go from being in a position of complete global hegemony in the early 1990s to the current crisis of confidence and loss of moral foundation? This book tells the story of the most successful trading nation of the early twenty-first century. It looks at how the Communist Party of China has retained and cemented its monopoly on political power since China’s accession to the World Trade Organization in December 2001. It ...
Transformed from a swampland wilderness into a dazzling, modern–day Babylon, the Shanghai that predated Mao‘s cultural revolution was a city like no other: redolent with opium and underworld crime, booming with foreign trade, blessed with untold wealth and marred by abject squalor. Journalist Stella Dong captures all the exoticism, extremes, and excitement of this legendary city as if it were a larger–than–life character in a fantastic novel.
Charts the changing landscape of Shanghai as it embraces modernity
Most Americans today are aware that jobs are being outsourced to China, India, and other nations at an alarming rate. From factory jobs to white-collar, high-tech positions, the exporting of labor is one of the most controversial issues in America.Yet few people know much about the other end — about the people who are actually working these jobs and how their own lives have been throw into tumult by these new economic forces. Andrew Ross spent a year in China, interviewing local employees and their managers in Taiwan, Shanghai, and the far western provinces. In this engaging and informative book, he shows how the Chinese workforce has inherited many of the same worries as American workers, such as job instability, long hours, and awareness of their own expendability. He reports on the daily reality of corporate free trade and explores the growing competition between China and India. This is an eye-opening exploration of an unseen side of our globalized world.
With his last breath, China’s First Emperor, Q’in She Huang, entrusts his followers with a sacred task. Scenes intricately carved into a narwhal tusk show the future of a city “at the Bend in the River,” and The Emperor’s chosen three—his favourite concubine, head Confucian, and personal bodyguard —must bring these prophecies to life by passing their traditions on for generations. Centuries later, the descendents of the Emperor’s chosen confidantes observe as Shanghai is invaded by opium traders and missionaries from Europe, America, and the Middle East. Of them all, two families—locked in a rivalry that will last for generations—will be central to the evolution of the city. As history marches on, locals and foreign interlopers clash and intertwine; their combined fates shaping what will become the centrepiece of the new China—Shanghai.
China's treaty port era extended from the 1840s to 1943, during which time foreigners had a significant presence. This book contains more than 700 photographs of many buildings from this period, most of them commissioned by non-Chinese people and companies. Many argue that they should never have been built, let alone still be standing. But this book is not concerned with the rights and wrongs of how these buildings came to be. It simply celebrates their existence. A significant number are innately beautiful and all of them embody a history that has clear and present links to our own time and thus remain relevant. This book was driven by the author's interest in the history of China's treaty port era, in which several generations of his family played a part. It is a tribute to the buildings that remain as a reminder of the past, and a guide to where to find them.