Asian Fever
Jiang Zemin was cheered on Wall Street and jeered at Harvard University. But the New York Stock Exchange had that same week suffered its greatest shock of the past ten years on account of the drop of share prices in the old British colony of Hong Kong, under Chinese sovereignty since the 1st of July; and also contradictorily, one of Harvard’s professors is the Dutch Rem Koolhaas, who has been invited by the university to explore the contemporary urban condition in its most advanced laboratory, the Pearl River Delta, a zone in China between Canton, Macao, and Hong Kong which is undergoing a spectacular, chaotic rush of growth. In short, the brokers applaud the Chinese president while the markets chastise Southeast Asia, and the universities boo the representative of the planet’s most populated country while its intellectual leaders contemplate China with fascination and awe...[+][+]