Honolulu’s rail system is still a couple of years away from opening its first section. But another multi-billion dollar train deal overseas is making local headlines in two countries. HPR’s Bill Dorman has more in today’s Asia Minute.
Earlier this week, a Chinese insurance company announced it was buying the Waldorf Astoria Hotel in New York. It’s one of the highest-profile real estate deals involving Chinese investors, but it’s hardly the only one. HPR’s Bill Dorman has more in today’s Asia Minute.
All this week, Hawaii Public Radio is presenting a series we call “Genetically Engineered: Beyond Emotion.” While the United States has been on the front end of research and development of genetically modified crops, other countries have taken different paths. And when it comes to China, that path has gone in more than one direction. HPR’s Bill Dorman explains.
The income gap is growing dramatically in China and the rich are getting exponentially richer — the richest 10 percent of China's population are more than three times wealthier than the official figures.
Much of that undeclared wealth is what Chinese people call "gray income," including proceeds from corruption and other ethically "gray" areas of the economy.
Living on the margins of the "gray economy" are people like migrant laborer Wang Haichuan. He rents a room far below street level in a dark, former air-raid shelter inhabited by other migrants.