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Editor: Kenneth Tan
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June 12, 2008

Around Shanghai: Stock market plummets, medical lawsuits and Expo sign-ups

07/09/04 14:09:51 SHANGHAI

  • The Shanghai stock market hit its largest one-day drop in the past 12 months, prompting Newsweek to worry about China's volatile economy as U.S. Treasury Secretary Henry Paulson announced intentions for "robust engagement" aka whining about trade deficit, bullying the PRC to revalue its currency and, if all else fails, tattling to the World Trade Organization.
  • A local clinic was sued for 230,000 RMB for failing to inform a mother of the possibility of a deformed fetus in the city's first lawsuit about a pregnant woman's right to understand her medical condition.
  • While we were watching Olympic music videos and worrying about those goldfish in Beijing, the folks organizing the Shanghai World Expo were hard at work enlisting countries for the 2010 event, with Madagascar and the Central African Republic bringing the participant count to a record-breaking 205.
  • Meanwhile, Shanghai is set to become the wireless city for the Olympics this August. Most of Xuhui District has already been covered by the network, Shanghai Telecom announced.

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