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WRITER'S BLOG
North Asia
November 2008
Early death Zhang Sheng Yu, 39, has become the latest of Chinese listed company CEOs to suffer an early death. The head of the venerable pharmacy chain Tong Reng Tang, listed in Shanghai, died of a sudden heart attack on July 22.
Loan shark days The credit crunch has hit China so badly that some smaller companies and individuals are borrowing money at 600% per month, according to local media.
Uptown phones for the uptown girls
One week after Steve Jobs introduced the much-awaited iPhone to the world, LG unveiled a phone that looked eerily like the iPhone, the PRADA phone.
Don't tell the Japanese instant noodles is really Chinese!
In 2000, the Japanese public voted instant noodles as the most important food invented in the 20th century. Little do they know that it was invented by a Chinese.
It is on record that Momofuku Ando (above) of Osaka, the founder of the giant food concern Nissin Food Products, invented instant noodles in 1958. What is almost never mentioned is that Ando, now 98, was born a Chinese named Wu Bai-fu.
How Wen Jiabao likes his noodles
Fearing political unrest due to runaway inflation, China's Prime Minister Wen Jiabao has made scapegoats out of noodle makers.
"China has 1.3 billion people. When you multiply a small problem 1.3 billion times, it becomes a huge problem." Wen Jiabao, China's Prime Minister, made that statement two years ago. Today he has his hands full dealing with exactly such a problem.
Blood money (Part 1 of 2)
With his investment in 3G technology bleeding red ink, Li Ka-shing makes sure he pays his lieutenants well to keep it afloat.
Is it better to work for a boss who's doing well or one who's in trouble? When it comes to Li Ka-shing, it is definitely the latter.
Blood Money (Part 2 of 2)
So Li ploughed on, putting more and more of Hutchinson's money into the venture. As of end-2007, Hutchinson had invested around US$25 billion in it, and not got a single cent in return.
August 2008
Empty space Demand for prime office space in Japan has shown signs of waning as foreign financial institutions hold back expansion plans in the face of the fallout from the subprime crisis.
Video game winner Almost written off two years ago, Nintendo has captured the top spot in Japan for "Innovation in Responding to Customer Needs" with its Wii in the Wall Street Journal Asia’s latest Asia 200 survey of readers.
July 2008
Japanese annual inflation hit 1.2% in March, the highest in a decade. This helped trigger a huge sell-off in yen bonds in late April after the figures were released.
Investors feared Japan had little immunity from price increases and its central bank might be forced to raise rates, despite a weak economy.
Dependents of the state: The Chen Shui-bian saga
It turns out that the family of Taiwan's former President Chen Shui-bian—wife, son, daughter, son-in-law—has been using a slush fund earmarked by the president for state purposes as their private shopping kitty. From a diamond ring to toilet paper, this growing list is now a source of endless mirth to the cynical Taiwanese who have long given up hope on their government.
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Country: CHINA
Capital: Beijing
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