SIGNED, SEALED, DELIVERED Clean Sweep As Beijing Olympics Succeed on All Levels

OLYMPIC DREAM MOVES ON TO LONDON Page 12 VOL.51 NO.36 SEP. 4, 2008 Page 16 SIGNED, SEALED, DELIVERED Clean sweep as Beijing Olympics succeed on all Levels CHINESE BANKS ESCAPE GLOBAL FINANCIAL CRISIS Page 34 FIRST ANTI-MONOPOLY LAWSUIT FILED Page 33 北京周报英文版 2008年第36期 ISSN 1000-9140 广告许可证 0171号北京市期刊登记证第733号邮发代号2-922·国内统一刊号：CN11-1576/G2 国内零售价：人民币6.00元 U.S.A.......USD 1.70 AUSTRALIA......AUD 3.00 UK......GBP 1.20 CANADA......CAD 2.60 SWITZERLAND......CHF 2.60 JAPAN......JPY 188 EUROPE......EURO 1.90 TURKEY......YTL 5.00 HK......HKD 9.30 VOL. 51 NO. 36 SEPTEMBER 4, 2008 EDITOR’S DESK 22 Slam Dunking Good 36 At Full Throttle 2 Olympic Legacy U.S. basketball team gets job done Train producer lists in Shanghai and Hong Kong PEOPLE & POINTS 23 Fast Water Secrets of the Water Cube 37 A Smooth Takeoff WEEKLY WATCH 25 Asian Heroes India’s Jet Airways’ global WORLD China, ROK and Japan score big ambitions 10 Embracing the World With 26 Out of Africa 38 Market Watch Confidence African athletes shine in Beijing Hu’s Asian tour sets LIFESTYLE post-Olympic diplomacy 28 Coaches Made-in-China 40 Reinventing Culture Chinese overseas coaches also Giving the classics a musical 12 Welcome to London strike gold How will British capital fare in twist 2012? BUSINESS 42 Going for Glass 14 Play for Power 30 Right on the Money An ancient craft is resurrected Less rigid monetary policy mooted Pakistan’s political turmoil FORUM 32 Getting Down to Business OLYMPICS IN FOCUS 46 What Does Winning the Gold Nuts and bolts of Anti-Monopoly 16 Record Breakers Law Medal Count Really Mean? 18 Olympic Figures 33 First Monopoly Lawsuit 47 China’s Growing Confidence 20 Beijing’s Olympic Scoreboard Testing the Anti-Monopoly Law Olympics promote Examining all the facts 34 Golden Prospects understanding and figures Chinese banks unscathed by 21 What the People Say… global financial slump EXPAT’S EYE Opinions on Beijing and 35 Banking on the Big Apple 48 Such a Perfect Day Olympics ICBC to set up branch in New York What to get up to in Beijing 16 Cover Story Bravo Beijing Beijing Review (ISSN 1000-9140) is published weekly for US$64.00 per year by Cypress Book (U.S.) Co., Inc., 360 Swift Avenue, Suite 48, South San Francisco, CA 94080. Periodical Postage Paid at South San Francisco, CA 94080. POSTMASTER: Send address changes to Beijing Review, Cypress Book (U.S.) Co., Inc., 360 Swift Avenue, Suite 48, South San Francisco, CA 94080. EDITOR’S DESK PEOPLE & POINTS A News Weekly Magazine Published Since 1958 http: //www.bjreview.com E-mail: [email protected] President & Editor in Chief: Wang Gangyi Deputy Editor in Chief: Jiang Wandi Vice President: Qi Wengong Associate Editors in Chief: Li Jianguo Huang Wei Olympic Legacy Executive Editor: Zhou Jianxiong Assistant Executive Editors: Yao Bin, Ding Zhitao, Zhang Zhiping, Francisco Little By ZHANG ZHIPING Editorial Administrators: Li Ning, Shi Bosen Senior Consultant: Shao Haiming As the 16-day sports extravaganza drew its curtains, Beijing Opinion Editor: Yao Bin World Editor: Ding Zhitao captivated millions of world viewers again with a colorful clos- Nation Editor: Tang Qinghua ing ceremony. During the titanic seven years of preparation, the Business Editors: Yu Shujun, Lan Xinzhen Culture Editor: Zan Jifang ancient capital city has been revitalized by the modern Olympic Editorial Consultants: John Butcher, Games. Over the past weeks, Beijing has fully presented to the Roseanne Gerin, Jennifer Jett Staff Reporters: Tang Yuankai, Feng Jianhua, world the Olympic spirit of liberty, equality and endeavor, and Ding Ying, Ni Yanshuo, the whole city is still immersed in the charms of sport. Long af- Ding Wenlei, Wang Jun, Yan Wei, Tan Wei, Li Li, ter the sacred flame was extinguished at the Bird’s Nest National Liu Yu, Liu Yunyun, Stadium, its glow has remained. Yin Pumin, Jing Xiaolei, Pan Xiaoqiao, Hu Yue In the stadium, sports excellence drew loud cheers from the Yuan Yuan, Wang Hairong spectators across races and nationalities. American swimmer Photo Editor: Wang Xiang Photographers: Jiang Xiaoying, Wei Yao Michael Phelps won eight titles, breaking the single-Games Art: Li Shigong record for gold medals. Jamaica’s Usain Bolt sprinted to 100 Design & Layout: Xu Husheng, Wang Yajuan, Zhao Boyu and 200 meters gold in record times and it was the first time that Proofreading: Qin Wenli, Ma Xin athletes from Mongolia, Togo, Afghanistan and Tajikistan won Online Editor: Li Zhenzhou medals at an Olympics. These groundbreaking victories have Advertising Director: Zhang Di Distribution Directors: Wang Weiwei, Pan Changqing not only fulfilled dreams of honor, but also created new Olympic Human Resources: Zhang Xiaoli history. International Cooperation: Pan Shuangqin Legal Counsel: Yue Cheng When the winners moved the audience by extraordinary per- North America Bureau formances, we were also inspired by those unremitting struggles Chief: Wang Yanjuan Reporter: Chen Wen against setbacks, which enriched the meaning of sports and Tel/Fax: 1-201-792-0334 raised the Olympic spirit to higher levels. E-mail: [email protected] General Editorial Office Beijing will never forget the thundering acclaims and gen- Tel: 86-10-68996252 erous cheers for injured Korean weightlifter Lee Bae Young, Fax: 86-10-68326628 despite his failure in the third attempt. Beijing will always English Edition Tel: 86-10-68996259 remember the friendship between Chinese and U.S. gym- Advertising Department nasts. When the Chinese girls took the women’s team trophy, Tel: 86-10-68995813 Fax: 86-10-68329398 American gymnast Shawn Johnson was first to congratulate E-mail: [email protected] them. Beijing will not lose sight of celebrating hugs in the pool Distribution Department Tel: 86-10-68310644 between swimmers of different nations. When Japanese prodigy Fax: 86-10-68328738 swimmer Kosuke Kitajima broke the men’s 100 meters breast- E-mail: [email protected] stroke world record, American Brendan Hansen, former world Published every Thursday by BEIJING REVIEW, 24 Baiwanzhuang Lu, record holder of this competition, passed through several lanes Beijing 100037, China. to congratulate him. The charms of sport brought Georgian and Overseas Distributor: China International Book Trading Corporation (Guoji Shudian), P. O. BOX 399, Russian athletes to kiss each other on the podium, and inspired Beijing 100044, China German Steiner Matthias to win the competition for his departed Tel: 86-10-68413849 Fax: 86-10-68412166 E-mail: [email protected] wife and Oksana Chusovitina for her sick son. The Beijing event Website: http://www.cibtc.com is over, but the Olympic spirit brings eternal joy and love to the General Distributor for Hong Kong, Macao and Taiwan: Peace Book Co. Ltd. human race in pursuit of social progress and world peace. 17/Fl, Paramount Bldg, 12 Ka Yip St, Chai Wan, HK The success of the Beijing Games is attributable to the ef- Tel: 852-28046687 Fax: 852-28046409 forts of athletes, to the efforts of volunteers, to the enthusiasm of Beijing Review (USPS 2812) is published weekly in the United States for US $85.30 per year by Cypress Book (U.S.) Co., Inc., the spectators and to the devotion of millions of Chinese. When 360 Swift Avenue, Suite 48, South San Francisco, CA 94080 our friends leave with satisfactory smiles on their faces, every- News Postage Paid at South San Francisco, CA 94080 POSTMASTER: Send address changes to Beijing Review, thing we did has paid off, and what they left will be remembered Cypress Book (U.S.) Co., Inc., 360 Swift Avenue, Suite 48, here. n South San Francisco, CA 94080 SUBSCRIPTION RATES (1 Year) Australia.......................................................................... AUD 148.80 New Zealand ....................................................................NZD 144.00 UK....................................................................................... GBP 53.80 U.S.A....................................................................................US$ 85.30 Canada ............................................................................ CAD 126.90 Printed in China by C&C JOINT PRINTING Co. (BEIJING) Ltd. 2 BEIJING REVIEW SEPTEMBER 4, 2008 http://www.bjreview.com PEOPLE & POINTS http://www.bjreview.com SEPTEMBER 4, 2008 BEIJING REVIEW 3 PEOPLE & POINTS Punching His Way to Glory “Through these Games, the world When light flyweight boxer Zou Shiming learned more about China, and China stepped onto the Olympic podium to receive his gold learned more about the world. These medal on August 24, the groundbreaking victory made him the first Chinese to claim champion’s titles were truly exceptional Games.” in the 48 kg division at major events—the World President Jacques Rogge of the International Olympic Championships and Olympic Games. Committee, in his speech at the closing ceremony of Born in 1981, Zou learned martial arts at 12, but the Beijing Olympic Games on August 24 switched to boxing at 16, and was selected for the national team three years later. At the 2003 World Boxing Championships, Zou’s international debut “We excel in few of the biggest events. finished with a historic silver medal, the first-ever for “ There is still a huge gap between a Chinese boxer at world-level competitions. One year later at the Athens Games, Zou won China’s China and outstanding teams like the first Olympic medal as a light flyweight. Zou was crowned at the 2005 World United States.” Championships, and successfully defended the title in 2007. Liu Peng, head of the Chinese Olympic delegation Zou’s secret to winning

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