efficiently productive, were disasters.
So what had been Jin Li's mistake? This was the question that had haunted her since she'd run through the rainy dawn away from the shit-flooded car and the two Mexican girls sprawled out next to it. Hurrying to the parkway and flagging down a cab on its way into Manhattan. Hunched in the back clutching her purse, terrified, smelling the excrement on her clothes and skin, trying to keep her sobbing quiet. Someone must have seen what she was doing. Who? This would take some analysis. Every night she received the blue bags culled from the night operations, each bag tagged by floor and company and day. These were trucked to the building in Red Hook, where by day Jin Li and three trusted other Chinese women separated them into their respective piles, arranged by company. One night's trash was usually useless, but as the record accrued, a context was revealed. Jin Li watched divisional struggles, executives attacking each other, results exceeding expectations, projects being canceled or accelerated-everything that happened in a corporation. As conflicts heightened, or as she became more fully aware of their possibilities, she focused the paper collection on the respective desk, office, or floor. Perhaps a dozen time- lapse narratives played out continuously on paper. Often there were gaps in information and she would have to infer what had happened. She kept notebooks on each company and updated these regularly, and included newspaper stories and chat room conversations that confirmed or conflicted with the inklings revealed in the corporate garbage days or weeks earlier.
A laborious process, this sifting for flecks of gold in a stream of data, but perhaps once or twice a month Jin Li found a genuine opportunity. In the ebb and flow of possibility, there inevitably arose companies that were approaching a merger, a new product launch, a phase of 'restated' earnings, or quietly confronting a government investigation. She scanned all useful documents, along with her written commentary, onto an encrypted disc that each week was sent hidden in a fat bundle of last month's computer magazines that she bought in wire-wrapped bales at three cents a pound from a New York company that was paid handsomely to falsify circulation figures for glossy national magazines. Many of these magazines had promotional computer discs bound into them, and it was a simple matter to swap her disc into a certain issue, fold over the corner of the front cover, and send the entire wire-bound bale of magazines to her brother. The Chinese authorities generally smiled on any activity that created the free transfer of valuable information from the West to China and were happy to wave the computer magazines through. Of course it was easier, faster, and cheaper to send the information by e-mail, but her brother was rightly terrified of the American government's electronic surveillance programs, which sniffed phone and Internet chatter for keywords or word patterns. And then there were the filters that the Chinese used on all incoming e-mail. The people's government went through waves of greater and lesser repression of e-mail, but it was safe to say that Chen was not so well connected that he could be sure when the periodic tightenings would take place or how good the filters were. He had seen friends arrested for merely having the word 'freedom' appear in their incoming e- mail.
So better to smuggle information the old-fashioned way-physically. Each week Jin Li reserved space on an air cargo container that left JFK on Thursday night and arrived in Shanghai the next Saturday at dawn local time. Twenty-seven bales of the computer magazines, arranged in a cube, shrink-wrapped on a wooden pallet, went into the huge container. The container was off-loaded within an hour of arrival, and one of Chen's men would take possession of it. The bale containing the correct disc was always in the center of the pallet, and thus it was a simple matter to remove this bale, cut it open, and search the stack of magazines until the one with the folded-over cover was found. The plan was elegant in its simplicity. If for some reason another magazine cover had been folded over by accident, then the discs in the two magazines could easily be compared. The disc would be driven at high speed to Chen's apartment complex in one of the newest and most outrageously expensive high-rises where impoverished newcomers from the far provinces skulked around hoping to cadge errands from the smartly dressed Shanghai professionals too busy to pick up dry cleaning or polish their new cars. By Saturday morning, Chen had booted out whatever hookerish women he had entertained the night before and set to work, downloading the disc and following Jin Li's instructions as to what certain documents might reveal. He employed a small group of dedicated analysts, some of them trained by and stolen from the same large American and European venture funds and banks trying to spin money out of China, and they would collate the information against conventionally available research, sometimes deriving perception where she had not but mostly corroborating her judgment.
By Sunday evening Chen had selected the strategies and supporting documents that he found most useful, and on Monday, while seated in a private dining room in one of China's most elite banks, he would explain to a small group of investors what he had discovered. Sipping their turtle soup, they listened intently, nodding solemnly if the opportunity appeared especially promising. Chen was transparently motivated by a mix of greed, hedonism, and national pride; older men, especially those who had lived in the time of Mao, found him easy to read, since the satisfaction of all his desires required outward behavior. Every week or so Chen had a nugget to display, and when he didn't, the group reprised the week's news about the companies they followed, speculated upon, or manipulated. If they wanted to take action, their position on the globe helped them. Most American stocks traded thinly in the off-hours when the European and New York stock exchanges were closed, and it was possible to quietly take a sizable position before the main action began hours later on the other side of the globe. The fact that Chen was mining data directly out of New York City appealed to the nationalistic aggressions of his Chinese investors. To a man, they hated America, or said they did.
A most agreeable business, cheating the rule of law and the play-book of Western capitalism.
Chen and his coconspirators knew what they were doing, too. China had first allowed the public trading of stock in the nineties, and so the older men all had years of experience feeling the whims and drift and anxieties of markets. They had reached a level of intuitiveness that rested upon having had fortunes lost and larger ones won. In recent years stock market mania had reached deep into the Chinese middle class, and the opportunities to pump and dump stocks were now routine. The government's warnings and attempted restrictions on the frenzied trading of stocks had only served to embolden that same behavior, for the Chinese people knew that good times were often followed by bad. Life was luck-but you didn't wait around to be lucky, not when a thousand others wanted what you had. Thus did desire in the many create opportunity for the few. Very often Chen and his group determined how to first make money off a stock against the Western markets and then how to make money off it again, a second time, within the Chinese markets. Together they discussed the bets to be made, very often finishing the discussion with the ceremonial ringing of a small brass gong, a sound that reaffirmed their Chinese culture and mocked the opening bell that would start the trading on Wall Street hours hence.
After this moment, a great feast followed in one of the city's private clubs, at which drinking was accompanied by the attentions of the dozen or so girls brought in not only to help the men forget their anxieties about having just committed millions of hard-currency dollars but also to confirm their impression of themselves as masters of all they surveyed. There was one girl particularly skilled at manipulating the back of her throat and her tongue simultaneously. Jin Li had heard her brother discuss with great excitement this seemingly rare and remarkable ability. The girl, who had arrived in Shanghai penniless but quickly achieved significant wealth, was not particularly beautiful, but her services were highly sought after and the men had been known to bid drunkenly against each other until one man persevered past any reasonable limit and purchased his pleasure. The lucky fellow then retired to a private room with his consort.
Pigs, thought Jin Li, fucking pigs, all of them. And here I am, over in America, helping them do such things, and in trouble. She could hate herself for it-almost, except that, yes, she had agreed to her brother's proposition and had even explained to him how she was the best person to carry it off. She would do it for their family, she'd said, for their parents. And, to be fair, Chen had risked a great deal. As the Mexicans said, he had huevos, eggs- balls. The start-up money for the project required nearly $6 million and her brother had gone to a series of investors, describing the scheme-nothing on paper, of course-using terms either oblique or specific, depending on his audience. Yet the scheme had been quickly funded. So quickly, in fact, that Chen had worried that someone else might steal the idea and set up a competing operation-if not in New York, then in London or Paris or any other Western city where the Chinese did a great deal of business.
But that was then and this was now. Which company had gotten wind of what she was doing? Which company had sent the two men and the big truck after her? Why had they also killed the two Mexican girls? I am partly responsible, she thought sadly, I endangered them. Who had claimed their bodies? Who would tell their families in Mexico? They would want to know why this had happened.
Could she have expected the attack? There were no complaints on file, and the accounts receivable were more or less up to date. Her company had been aggressively stealing information from eight firms in the last six months, and she could easily check the recent stock prices of them, but that would tell her almost nothing. Her
