Hong Kong and Shanghai have long been the capitals of cool in the Sinosphere. But Beijing's trend-setters are trying to take advantage of the international attention brought by the Olympics to earn their own spot on Asia's glamor map.

Apparently, they have been somewhat successful. Outrageously posh parties are taking place all over the capital of the Middle Kingdom.

The ironically named Commune, at the Great Wall, is a modernist luxury hotel complex. A recent event there was enough to make Chairman Mao do a 360-degree roll in his tomb. The venue's developers were on hand, along with a host of scantily clad dancers, flashing lights and expensive cocktails, to party with the likes of Rupert "so rich 'n powerful he doesn't have to be cool" Murdoch and Quincey Jones.

Corporations are trying to get in on the scene as well. A party thrown by Adidas included an appearance by Jet Li and several other big-screen stars. The proceedings were accompanied by the sporadic popping of expensive champagne corks and the handing out of even more expensive sneakers.

Official Olympic timekeeper Omega tapped former supermodel (now just model?) Cindy Crawford to appear at their corporate pavilion wearing an impossibly expensive Omega watch. Even a noticeably casual George W. was hanging around during the first few days of the Games, looking very ex-presidential.

Beijing certainly has its share of new wealth, so don't expect all the action and celebrity to depart once the Games end. A growing music scene, a film industry that is coming to resemble Hong Kong's in its heyday, and an independent arts scene will help keep the hipness factor high.

Just like the Oscars have "seat-fillers" to hide the empty seats when people go to the bathroom, the Chinese are busing in state-trained "cheer squads" to fill the surprising numbers of empty seats at the Olympics.

Dressed in identical bright yellow t-shirts, the cheer squads are meant to improve the Olympic atmosphere and avoid embarrassing television shots of all the no-shows at the Games. As the Washington Post notes, "The U.S. softball team played in a stadium only about 30 percent full on Tuesday, while the day before, 10 of 18 venues did not reach 80 percent capacity."

Officials blame the poor crowds on everything from the weather to strict visa regulations to spectators not wanting to watch the less exciting sports.

Beijing hotel owners, who were expected to be some of the biggest beneficiaries of the 2008 Olympics, have been underwhelmed by the amount of business the Games have brought. From the Washington Post: "'Business is worse than at this time last year,' said a receptionist at a 22-room hotel in Beijing's Chongwen district, where rooms cost $28 a night. 'It's the season for traveling and last year the hotel was full. The Olympics should have brought business to Beijing, but the reality is too far from the expectation.'"

The opening ceremony last week in Beijing was quite memorable. The sheer magnitude of the spectacle was, in fact, almost unbelievable. When former Olympic medalist and millionaire clothing designer Li Ning made his lap around the roof of the Bird's Nest without falling or extinguishing his torch, China must have breathed a collective sigh of relief. The whole thing went off without a hitch.

But a bit of controversy has come to the surface recently. Remember that little flying singer with the pig-tails who almost stole the entire show? According to the ceremony's music director, Chen Qigang, she was simply mouthing the words.

That's not really a controversy. Singing in front of so many people is a lot to ask of someone so young.

But wait. The little girl, Lin Miaoke, was not even supposed to be part of the show. She was a replacement for the original singer, seven-year-old Yang Peiyi. Yang was not going to lip-sync. What happened? A sore throat? Stage fright?

Government officials and the ceremony's producers decided to cut Yang in favor of Lin because Yang, with her crooked teeth and baby-fat cheeks, was deemed too ugly.

Chen explained: "The reason why little Yang was not chosen to appear was because we wanted to project the right image..."

Yang's voice was still heard on the stadium's sound system. Apparently, Lin didn't have the singing chops to match her good looks.

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Visa wanted to use the Olympics to get its foot firmly in the door in Beijing. The results are good so far. The credit card giant has been almost as dominant as the US men's basketball squad.

Visa started preparations well before The Games. They helped over 200,000 merchants become Visa-ready and installed nearly 90,000 ATMs country-wide.

So who is plopping down the plastic in China's largely cash-based society? Americans, who else? Visa claims that nearly 20% of the revenue on the first day of the Olympics came from consumers from the US. Japanese were the second largest group of users, accounting for 13% of the day one total.

Visa is using the Olympics to get itself in good position for the future in China. But is China benefiting from the wider use of plastic? Small and medium-sized retail businesses are probably seeing immediate results with the souvenir-happy tourists who have descended on Beijing. Visa claimed that there were $10 million worth of sales on day one alone. That's $10 million dollars into the local economy.

Talk about laughing all the way to the bank. China won't be laughing in the future when it finds that domestic credit card debt is on the rise, but for now, unlike the Olympic events themselves, in the credit card game, everyone is a winner.

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You have to give the Chinese credit for trying to clean up Beijing during the 2008 Olympics. Their methods, while borderline authoritarian, have resulted in a significantly cleaner and friendlier looking China -- the perfect reflection of a global economic superpower that should be hosting the games.

Several weeks before the games, officials attempted to curtail pollution by shutting down or constraining many of the factories in the region. While air quality has still been poor -- one out of three cyclists in a recent race had to drop out because of the conditions -- rain and cooler temperatures are now helping the conditions improve.

Other measures taken have had broader, more ominous impact among the resident population. At the same time that factory pollution cuts were mandated, residential vehicle traffic was also halved to cut down on emissions. Commuters were forced to take other transportation to work and trains and buses hemorrhaged with passengers as millions of Chinese jockeyed through Beijing trying to get to work.

In another district of the capital, developers decided that a particular neighborhood reflected poorly on the image of the country. Their solution? Build a wall around it. Despite the fact that multiple businesses and storefronts faced the street, an eight foot wall was erected around the region, blocking out the questionable content and creating a cleaner, more "tourist friendly" look.

Take a look at this brief video put together by the Boston Globe. Would you be happy with a wall like this in front of your storefront? .

Last summer, I found myself on a dusty lot overlooking Herzog & de Meuron's newest creation: an elegant jumble of I-beams that Beijing residents wryly refer to as the "bird's nest." The stadium housed 91,000 spectators for the opening of the Olympics, marking what many believe to be the "Century of China." I struggled to see anything beyond the gawking tourists, imposing cranes, and cough-inducing smog.

Beijing isn't very Beijing-ish anymore. Just a decade ago, I could amble through the labyrinths of hutongs – narrow alleyways unique to the capital – and sip some cha at the neighborhood teahouse. Now I barely recognize the new Beijing.

The sleepy outpost once considered the architectural backwater of Asia now rivals Shanghai and Hong Kong as a cosmopolitan juggernaut and its ambitions do not stop there. In the last few years, Beijing has snatched the attention of the world's top architects away from the usual gang – New York, London, Paris – to power its metamorphosis at a frenetic pace that threatens to eclipse Dubai's.

With the memory of a spectacular opening ceremony still in everyone's mind, some news from the opposite end of the emotional spectrum came out of Beijing today. Two American tourists, a man and woman, and a local guide were attacked by a man carrying a knife.

The attack took place at the famous Drum Tower that sits above the hutong near Houhai Lake. The tour guide and the woman were injured, but their male companion was killed. The two Americans were relatives of a US volleyball coach.

The attacker, identified by Xinhua News Agency as Tang Yongming from the city of Hangzhou, jumped to his death off the second floor of the tower after the attack.

Such an event is almost unheard of in China. It is even more surprising because of heavy security throughout Beijing. Chinese authorities have expressed concern about terrorism and unauthorized protests in the lead-up to the Games, but crimes against tourists are usually limited to pickpocketing and price gouging.

This appears to have been a random attack. According to reports, the victims were not wearing anything that identified them as Americans.

The attack took place at noon Beijing time. The tower remains sealed off from the public as police investigate.

New York Times coverage of the attack

Hong Kong is now connected to Macau by ferry. Long-running negotiations for a bridge connection between the two cities, and their mainland neighbor Zhuhai, have led to nothing but hurt feelings and finger pointing. Enter Beijing. The government of China has a rare chance to play the good guy in the former colonies. And it will only cost them a few billion dollars. According to The Standard, Beijing has stepped in to take over the project and will spend 7 billion yuan (HK$ 8 billion) to get things off the ground.

The result: in 6-7 years it will be possible to drive from the mainland to Macau to Hong Kong without having to board a ferry or even get out of your car. Impatient compulsive gamblers will not have to deal with sea-sickness or tardy ferryboat captains on the way to Macau. The bridge will also do wonders for the mainland, turning an already crazy shopping scene into an orgy of consumerism and name-brand knockoffs.

But what about the storied ferry service? Will it disappear? Probably not. When the tunnel was built under Victoria Harbor, ferries continued to do a brisk business up above. The same would probably be true for the HK-Macau service. Emphasis on probably.

Let's assume for a minute that you own a restaurant in China. Then we'll assume you don't speak a word of English, but you don't care because you have Internet access, and have found a great online translation site.

The Olympics are coming, along with millions of hungry tourists who'll want to try your food, so you do the right thing and pop your restaurant name into the translation site, and have someone print your new English name on a massive sign.

You can probably tell where this is heading. It's one thing when translation sites like Babelfish or Google Translate manage to create humorous translations, it's another when the site doesn't work and you simply cut and paste the error message, assuming it translates to "Wong's tasty Kung Pao chicken".

For some more funny signs, check out this mysterious warning sign, or this collection of hilarious signs from around the world.

Source, via Adweek.

Mickey Mouse has been planning to bring Disneyland to Shanghai for some time now. Details have been sketchy and the project has been put on the shelf several times.

But people in one village are banking on the billionaire rodent to eventually get things off the ground.

According to Shanghaiist, business people and home owners in Jinjia have been building on to current structures and establishing new businesses. These would-be entrepreneurs are not hoping that Disneyland will be built nearby so that they can sell food and souvenirs to the theme park's clientele. They are betting that Disney will want to buy them out so that the park can be built directly on top of the village. The new constructions and additions are an effort to make property seem more valuable in the eyes of Disney so that the buy-out prices will be higher.

However, the mouse has not yet chosen the exact location of the park. The residents of Jinjia are acting on pure speculation.

Disney is currently negotiating with Chinese officials in an effort to iron out the details, which allegedly include some sort of profit sharing scheme (Mickey sure knows how to get things done in China) There is the small matter of the 2008 Olympics, which are probably causing a bit of distraction amongst area bureaucrats.

While most people could care less if there is another Disneyland in the world, one village, a handful of Chinese government officials, and one shrewd mouse are waiting for ground to be broken with bated breath.